Monday , October 23 2017

Auto suppliers buoyed by report Tesla to fully own China plant

epa06213339 Exterior view of US automaker Tesla's first official dealer in Spain during its inauguration in L'Hospitalet de Llobregat, near Barcelona, Spain, 19 September 2017.  EPA-EFE/Alejandro Garcia

Bloomberg Auto-parts suppliers shares jumped in Asian trading after Wall Street Journal reported that Tesla Inc. reached an agreement with Shanghai’s government to build a fully owned manufacturing facility in the city’s free trade zone. “As far as I know, there is no such agreement,” Guo Lei, an official at ...

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Singapore to stop adding cars to city from February 2018 onwards

epa04327189 Cars travelling along an expressway in Singapore, 23 July 2014. According to a report on consumer price developments released on 23 July 2014, private road transport costs increased 2.8% in June, a smaller rise compared to the 8.1% surge the previous month, largely due to the sharp correction in COE premiums in May.  EPA/WALLACE WOON

Bloomberg Singapore, among the world’s most expensive places to own a vehicle, will stop increasing the total number of cars on its roads next year. The government will cut the annual growth rate for cars and motorcycles to zero from 0.25 percent starting in February, the transport regulator said. “In ...

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HelloFresh targets $1.8 billion IPO valuation amid food wars

lead_Hello Fresh

­­­­­­­­­­­Bloomberg HelloFresh, the meal-kit startup backed by Rocket Internet SE, is targeting a market valuation of as much as 1.5 billion euros ($1.8 billion) in an initial public offering this week, the company said in a statement. The company, which sells meal kits in 10 markets and remains unprofitable, set ...

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Macron wants to teach the French to love their private firms

epaselect epa06278204 French President Emmanuel Macron speaks to the media at end of the second day of the European Council in Brussels, Belgium, 20 October 2017. European leaders met in Brussels on 19 and 20 October 2017 to discuss most pressing issues, including migration, defence, foreign affairs and digitalisation and to review the latest developments in the negotiations following the United Kingdom's notification of its intention to leave the EU.  EPA-EFE/OLIVIER HOSLET

Bloomberg President Emmanuel Macron’s government wants to change French culture to make the population less instinctively hostile to private enterprise. “I’m struck by the difference of the reality of life in companies and the way they are perceived in public discourse—especially by politicians,” Stanislas Guerini, a lawmaker in Macron’s Republic ...

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