China will exempt Tesla cars from purchase tax
China will exempt Tesla Inc's electric vehicles (EV) from purchase tax, the Ministry of Industry and Information Technology (MIIT) said on its website.
China will exempt Tesla Inc's electric vehicles (EV) from purchase tax, the Ministry of Industry and Information Technology (MIIT) said on its website.
U.S. stocks index futures rose on Friday, as investors took comfort from signals that the United States and China will resume trade talks.
Oil prices gave back some of their recent gains on Friday, but were still headed for the biggest weekly increase since early July, boosted by an easing of China-U.S. trade rhetoric, a decline in U.S stockpiles and a looming hurricane in Florida.
Sunrise Communications' proposed takeover of Liberty Global's Swiss UPC business faces a revolt with at least two big investors joining top shareholder Freenet in opposing the 6.3 billion Swiss franc ($6.46 billion) deal, sources said.
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U.S. stocks opened broadly higher on Friday as investors took comfort from signals that the United States and China will resume trade talks, easing worries about further damage from their long-standing trade war that has roiled financial markets.
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U.S. consumer spending increased solidly in July as households bought a range of goods and services, which could further allay financial market fears of a recession, but the strong pace of consumption is unlikely to be sustained amid tepid income gains.
China said its trade dispute with the United States would not affect the Asian nation's pork supply, state-television reported on Friday, citing an official at the agriculture ministry.
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World stocks climbed to a one-week high on cautious hopes for a rapprochement on trade between Beijing and Washington on Friday, though a perky dollar capped gains with China's yuan softening again, on track for its weakest month in 2-1/2 decades.
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Campbell Soup Co on Friday reported better-than-expected fourth-quarter profit and margins as the food company sold more soups and snacks, tightened up its supply chain and cut costs, sending shares up more than 8%.
Amazon.com defended its business strategies in India as it came under fire from a local trader group on Friday over discounted products on the global e-commerce giant's website.
TechCrunch | Kirsten Korosec | Aug 28, 2019 Tesla said Wednesday it has launched an insurance product, promising owners of its electric vehicles to deliver rates 20% and even as high as 30% lower than other insurance providers. For now, the product known as Tesla Insurance, will only be available to owners in California. The