Year: 2019

(Bloomberg) — Indian stocks rose as investors watched for signs that a rally could broaden out beyond a handful of large companies.The S&P BSE Sensex climbed 0.2% to 41,656.4 as of 9:56 a.m. in Mumbai. The NSE Nifty 50 Index also advanced 0.2%. While the Sensex has recovered from a mid-year slump to deliver a roughly 16% return in 2019, the S&P BSE Midcap Index is down about 3%.Investors have continued to prize perceived “high-quality” stocks of established companies that dominate their own industries, as they are regarded as safer bets at a time when India’s economy is growing at …read more […]

Dec.29 — Andy Wong, fund manager at LW Asset Management, discusses his asset allocation and hit outlook for markets. He speaks on “Bloomberg Markets: Asia.” …read more […]

Dec.29 — Andy Wong, fund manager at LW Asset Management, discusses his asset allocation and hit outlook for markets. He speaks on “Bloomberg Markets: Asia.” …read more […]

Dec.29 — China is expanding its generic drug-procurement program to include an additional 33 drugs, pitting domestic and international drugmakers in a price war that could see Chinese players dominate. Meanwhile, a newly approved Chinese drug for Alzheimer’s will start clinical trials in the U.S. and Europe next year as the country’s first novel therapy for the incurable disease seeks global legitimacy. Rachel Chang reports on “Bloomberg Markets: China Open.” …read more […]

U.S. electric vehicle maker Tesla Inc on Monday began delivering Model 3 vehicles built at its Shanghai factory, marking the occasion with a ceremony during which 15 of its employees received cars they had purchased. The event means the plant has started delivering cars to customers just 357 days after the factory’s construction started, setting a new record for global automakers in China. The China-made cars are priced at 355,800 yuan ($50,000) before subsidies and Tesla had said it wanted to start deliveries before the Lunar New Year beginning on Jan. 25. …read more […]

Tesla has started delivering Model 3 electric cars built at its Shanghai factory in just under a year since it began work on the $2 billion plant, setting a record for global automakers in China, and said it would ramp up deliveries from next month. The U.S. electric vehicle maker marked the start with an event on Monday where 15 Tesla employees received cars they had purchased, one who whom took the opportunity to propose to his girlfriend after receiving his new set of wheels. The Shanghai plant, up and running in 357 days, is part of Tesla’s …read more […]

Dec.29 — William Ma, partner and co-chief investment officer of Gopher Asset Management, talks about the outlook for Chinese stocks. He speaks with David Ingles and Selina Wang on “Bloomberg Markets: China Open.” …read more […]

Dec.29 — Grab is teaming up with Singtel to apply for a full digital banking license, jumping aboard a Singapore government initiative to attract tech firms into its financial sector. Bloomberg’s Edwin Chan speaks with Paul Allen on “Bloomberg Daybreak: Asia.” …read more […]

The doctor is accusing Apple of incorporating features of his patented technology on the Apple Watch’s heart-monitoring app. …read more […]

(Bloomberg) — Tesla Inc. delivered its first China-built cars on Monday, a milestone for Elon Musk’s company as it accelerates a push in the world’s largest electric-vehicle market.The company handed over the Model 3 sedans assembled at Tesla’s new multi-billion-dollar Shanghai plant — its first outside the U.S. — to company employees in a ceremony at the facility on Monday. A total of 15 vehicles were to be handed over.Chief Executive Officer Musk is counting on the China plant to help build on recent momentum for the company in the world’s largest market both for EVs and autos in general. …read more […]

A broad gauge of Asian share markets fell on Monday as investors consolidated gains after scaling 18-month highs last week, while oil was steady after the U.S. carried out air strikes on an Iranian-backed Shi’ite Muslim militia group in Iraq and Syria. Iraq’s oil ministry said on Sunday that the halting of oil production at Iraq’s southern Nassiriya oilfield by protestors would not effect the country’s exports and production operations. …read more […]