上海夜生活,上海夜生活网,上海夜网论坛 - Powered by August 2018

South Korea’s Netmarble to form consortium for Nexon holding…

SEOUL ( ) – South Korea,上海夜生活Fabiana,n gaming firm Netmarble said it will form a consortium to bid for a controlling stake in Nexon’s holding company, the latest to show interest in a deal that could be worth about $9 billion after Kakao.

Both Netmarble Corp and Kakao Corp are backed by Tencent Holdings Ltd and, according to sources, the Chinese tech giant too is considering a bid.

Kim Jung-ju, founder of Nexon, the country’s biggest gaming company, plans to sell a 98.64 percent stake in NXC Corp, held by himself and related parties including his wife, the Korea Economic Daily newspaper has reported.

Selling the stake to overseas companies would weaken the competitiveness of the industry in the country, said Netmarble, which controls over a quarter of South Korea’s mobile gaming market. Tencent has a 17.66 percent stake in Netmarble.

“We believe the tangible and intangible values of Nexon are important assets to Korea,” Netmarble said in a statement, adding its consortium will mainly include domestic firms.

Netmarble also said it had been considering buying Nexon for two months and decided to participate in the bid a month ago.

Nexon shares ended up 0.7 percent on Thursday, after earlier rising more than 3 percent after Netmarble’s announcement, in a flat wider market.

South Korea’s top chat app operator Kakao, in which Tencent holds a 6.7 percent stake, said last week it was reviewing a bid for Nexon’s holding firm. 上海夜生活

Spokespersons at Kakao and Netmarble declined to comment on whether the pair would join forces for a bid.

A 98.64 percent stake in NXC would be worth between 8 trillion and 10 trillion won ($7.1 billion and $8.9 billion), according to South Korean local media reports.

Founded in 1994, Nexon has developed more than 80 live games in over 190 countries, including IP-franchise hits such as MapleStory, Dungeon & Fighter, Sudden Attack and KartRider.

Tencent owns the exclusive license to operate Dungeon & Fighter in China. The world’s largest ,上海夜生活群Kade,gaming company by revenue was hit hard by a freeze on approvals for new titles in China last year, which wiped billions of dollars off its market value.

China has resumed handing out approvals since December and some Tencent titles have since been green lit,,上海夜网推油Talon, although the firm is still waiting for a ruling on its blockbuster PlayerUnknown’s Battlegrounds.

Written by shyw on August 29, 2018 Categories: wkrpepdc Tags: , , ,

Nissan’s Ghosn offers to wear electronic ankle tag for bail

TOKYO ( ) – Ousted Nissan Motor Co Chairman Carlos Ghosn has offered to wear an electronic ankle tag and hire guards to monitor him in an unusual bid to secure his release on bail after two months of detention in Japan for alleged financial crimes.

Ghosn is also willing to remain in Tokyo, where he has leased an apartment, and post stock he owns in Nissan as collateral, his spokeswoman said. A new bail hearing is set for Monday after an earlier request was denied due partly to concerns the French executive was a flight risk.

His release would allow Ghosn to meet more frequently with his lawyers and defend himself before the board of Renault, where he remains chairman and CEO, amid calls for his removal and potential moves to restructure the Nissan tie-up.

As his arrest on Nov. 19 continued to cloud the outlook for Nissan’s (7201.T) three-way alliance with France’s Renault SA (RENA.PA) and Mitsubishi Moto,上海夜生活服务Jack,rs Corp (7211.T), Niss,上海夜网官方网站Kaiden,an said it was not the time to discuss revising the partners’ capital ties.

Ghosn, who spearheaded Nissan’s turnaround two decades ago, had pushed for a deeper tie-up between Nissan and Renault, including possibly a full merger, despite strong reservations at the Japanese firm.

“We are not at the stage for such discussions,” Nissan CEO Hiroto Saikawa told reporters on Monday.

Saikawa also said he had not heard directly about a reported French proposal to integrate the Japanese carmaker’s management with Renault, adding that it was not the time to discuss revising the partners’ capital ties.

The Nikkei newspaper reported on Sunday that a French govern,上海夜生活Tamara,ment delegation had informed Tokyo that it would seek an integration of Renault and Nissan, most likely under the umbrella of a single holding company.

“Since I have not heard this directly, I cannot comment,” Saikawa told reporters.

Japanese public broadcaster NHK quoted French Economy Minister Bruno Le Maire as telling journalists that an integration proposal was “not on the table now”.

A source familiar with Nissan’s thinking said the reported French proposal did not “make sense” given the two companies’ different cultures, Renault’s lower productivity and Nissan’s bigger contribution of key technology.

“It’s a virtual merger, I don’t think it makes sense,” the source said, adding he had not heard directly of such a French proposal.

BAIL DECISION

Ghosn denies any wrongdoing as he awaits trial on charges of financial misconduct.

“I will attend my trial not only because I am legally obligated to do so, but because I am eager to finally have the opportunity to defend myself,” Ghosn said in a statement on Sunday.

“I am not guilty of the charges against me and I look forward to defending my reputation in the courtroom.”

Renault, which dominates the partnership through its 43.4 percent stake in Nissan, is expected to meet within days to consider potential candidates to replace Ghosn as chief executive officer and chairman.

The co-chair of a committee set up by Nissan to examine the root cause of Ghosn’s allege上海夜生活论坛d financial misconduct and propose corporate governance reforms said on Sunday he believed Ghosn may have had questionable ethical standards.

“Having read the report on the internal investigation, my initial impression was that the head of the company may have had questionable ethical standards,” committee co-chair Seiichiro Nishioka told a briefing late on Sunday after the panel held its first meeting.

(The story corrects the CEO’s given name to Hiroto, not Hirota, in the sixth paragraph.)

House ethics panel probing Rep. Farenthold over harassment allegations

WASHINGTON ( ) – The U.S. House of Representatives Ethics Committee said on Thursday it wa,上海夜网后花园Sabine,s investigating Republican Representative Blake Farenthold over allegations of sexual harassment, discrimination and retali,上海会所夜网Tabitha,ation involving a former female staff memb上海夜网er.

The panel said in a statement it was also looking into whether the Corpus Christi, Texas, congressman made inappropriate statements to other members of his official staff.

Farenthold, 55, said in a statement he was relieved that the ethics panel was going to look into the allegations. “Once all the facts are released, I’m confident this matter will once and for all be settled and resolved,” he said.

Politico reported last week that the U.S. Congress’ Office of Compliance had paid $84,000 from a public fund on behalf of Farenthold for a sexual harassment claim.

In 2014, Farenthold’s former communications director Lauren Greene sued him, alleging a hostile work environment, gender discrimination and retaliation, court documents showed.

Farenthold and Greene reached a medi,上海凤楼夜网Mace,ated agreement in 2015 to avoid costly litigation, but the settlement’s details were confidential, according to a statement released at the time, where Farenthold denied engaging in any wrongdoing.

Farenthold told KRIS-TV in Corpus Christi on Monday that he would return the sum.

Capitol Hill has been rocked in recent weeks by allegations of sexual misconduct by lawmakers, and outrage that public money may have been paid to settle harassment suits against members of Congress.

Three lawmakers said this week they would resign amid sexual harassment allegations: Democratic Senator Al Franken, Democratic Representative John Conyers and Republican Representative Trent Franks.

Exclusive: Venezuela’s PDVSA orders prepayment for U.S.-bound oil…

( ) – Venezuela’s state-run company oil company, PDVSA, hit by U.S. sanctions on Monday, ordered customers with tankers waiting to load Venezuelan crude bound for the United States to pay for the cargoes before they depart, three sources with knowledge of the decision told .

U.S. President Donald Trump’s administration, in a move aimed at limiting embattled President Nicolas Maduro’s access to oil revenues, stopped PDVSA from collecting the proceeds of oil exported to U.S. customers, while freezing assets of PDVSA’s units, including U.S. refining arm Citgo Petroleum Corp.

Maduro, whose authority is being challenged by the self-proclaimed president and head of the congress, Juan Guaido, said earlier his government would start legal action to protect Citgo. He did n上海夜生活ot mention if PDVSA planned changes to its exports.

“They are not allowing tankers bound for Valero, Citgo and Chevron to leave Venezuelan ports if not prepaid,” a PDVSA source said, referring to a decision by the company’s trade and supply division.

Venezuela exports about 500,000 barrels per day (bpd) of crude to the United States. Citgo, Valero Energy Corp and Chevron Corp are the three largest buyers of Venezuelan crude in the United States.

Valero said it,上海夜生活Quaid, planned to “comply with the sanctions” and diversify oil purchases to reduce the impact on its business.

“Valero will continue to support the Administration and will provide officials with relevant information that will help the U.S. refining system to function efficiently,” it said in a statement.

Refining firm Phillips 66, another buyer of Venezuelan oil until last year, said it expected to be able to obtain alternative crude grades and “mitigate any disruption in crude supply for our operations.”

Traders and shippers with tankers anchored around Venezuelan ports said they saw no clear way for U.S. customers to pay for Venezuelan crude after sanctions, even if payments are intended to be made before loading.

According to the new sanctions, any proceeds from Venezuelan crude exported to U.S. companies will stay in special bank accounts in the United States.

The trading sources said they feared the European Union may follow with similar measures freezing PDVSA’s accounts in Europe.

Several years ago, PDVSA moved its bank accounts that receive money from oil exports mainly to China. It also has accounts in Europe. But U.S. firms willing to transfer money to those foreign accounts still need to find correspondent banks ,夜上海论坛Naia,in the United States willing to,上海夜网后花园Dalton, authorize the transactions, which is difficult because of sanctions.

Written by shyw on August 24, 2018 Categories: vanyoxfh Tags: , , ,

Walmart partners with four more grocery delivery companies

NEW YORK ( ) – Walmart Inc (WMT.N) said on Thursday it has partnered with another four companies as part of its goal of offering grocery home delivery in more than 上海夜网100 U.S. cities. ,上海足浴夜网联系方式Gabe,

Walmart’s new partners are Point Pickup, which offers recurring same-day deliveries, and one-hour delivery company Skipcart, which uses crowdsourced labor. It has also partnered with same-day shipping firm AxleHire and Roadie, which connects senders with drivers who are already going in the needed direction.

Walmart, the largest U.S. seller of groceries, said it will partne,上海晚上耍女人的地方Dallas,r with the companies in four states. The company said its o,上海仙霞路夜生活Radley,nline grocery delivery service is available in more than 800 stores, with another 800 being added in the year ending in January 2020.

The current 800 stores cover about 100 metropolitan areas, Walmart spokeswoman Molly Blakeman said. “We’re right at the 100 metros and will be over that number by the end of the fiscal year,” she said. Walmart’s fiscal year ends in January.

The initiative is Walmart’s latest attempt to tackle one of the biggest challenges in retail: the “last mile” of delivering goods to online customers.

In March, Walmart said it would offer home delivery of groceries in 100 U.S. cities covering 40 percent of U.S. households by the end of 2018. It has since tied up with several small delivery companies like DoorDash and Postmates, which offer gig-style jobs to workers.

Walmart’s aggressive expansion into home delivery follows Amazon.com Inc’s (AMZN.O) purchase of Whole Foods in 2017, which spurred several traditional retailers to push such services fearing increased competition.

Poland set to exclude China’s Huawei from 5G plans

WARSAW ( ) – Poland is set to exclude Huawei from its future 5G network in favour of European players following the arrest of an employee from the Chinese telecoms company on suspicion of spying, officials and industry sources say.

Polish government officials are talking to European Union and North American allies on the next steps but haven’t determined which telecoms equipment maker might replace Huawei, the sources said.

“Arresting a spy means end of the discussion,” said a government official, who spoke on the condition of anonymity. “I think the Chinese will not be present in 5G in Poland.”

Finland’s Nokia and Swedish telecoms company Ericsson are the leading two European competitors who could provide 5G telecoms equipment for Poland, the largest economy in eastern Europe.

Poland’s President Andrzej Duda has also suggested that Huawei was likely to be shut out.

“I’,上海高端夜生活在那里Naia,m definitely closer to cooperating with European firms or with those from the U.S. than with producers from Asia,” Duda said in an interview with Polish website money.pl.

Poland announced two weeks ago that it had arrested a Chinese Huawei executive and a former Polish security official on spying allegations. Huawei has fired the man, who has denied wrongdoin,上海夜生活群Tallulah,g.

The Polish national’s lawyer also told that his client is not guilty, nor is he a spy.

Huawei officials met the Polish government this week to address security concerns.

“We are working with the government and partners in Poland to convince the authorities that far from posing a threat to networks in the country, our technology will help improve connectivity,” Huawei said in a statement.

Huawei is playing a leading role as the telecoms world gears up ,上海夜生活去哪玩Gabrielle,for 5G, the next generation wireless technology that promises to link up everything from vehicles to household devices at far greater speeds.

But some Western countries have barred Huawei after U.S. officials briefed allies that Huawei is at the 上海夜生活beck and call of the Chinese state, warning that its network equipment may contain “back doors” that could open them up to cyber espionage. Huawei says such concerns are unfounded.

Two of the largest ongoing 5G trials in Poland — run by Orange and T-Mobile — are based on Huawei technology but that appears likely to change.

T-Mobile, Orange, Nokia and Ericsson declined to comment.

Last year, Poland’s state-run telecom operator Exatel suggested building a state consortium, saying it would be cheaper to put together and that the state would earn more from the network.

Telecoms industry sources confirmed that such an option is now more seriously under consideration following the arrest of the Huawei official.

“Poland’s alternative (to Huawei) is to build a state-owned company (or consortium) that would maintain 5G connectivity and using some sort of consortium they will pick partners,” said Tomasz Siemoniak, a former defense minister and current parliament member.

After attacks by Trump, Bannon finds himself with few friends

WASHINGTON ( ) – Following his brutal disavowal by President Donald Trump, former White House chief strategist Steve Bannon’s dream of spearheading a new U.S. political movement appears in tatters while the Republican establishment he challenged is feelin,上海夜生活桑拿会所Jacob,g more secure.

Trump turned on Bannon over his comments to the author of a book highly critical of the president and his family. The White House followed up on Thursday by s,上海会所夜网Sabrina,uggesting that Bannon be ousted from his influential perch as chief executive of the hard-right news site Breitbart News.

Bannon appeared to have few close friends left among the more conservative factions of the Republican Party, which swiftly proclaimed their loyalty to Trump following the breakup.

“I don’t know anyone in the conservative movement that’s supporting Steve over Donald Trump right now in this,” Christopher Ruddy, a close Trump ally and chief executive of the conservative Newsmax site, told .

Mike Cernovich, a leading social-media voice of the so-called alt-right movement that Bannon helped energize on Trump’s behalf, had no doubt about which of the two men had more popular support. “The base will stay with Trump.”

Reader comments on Breitbart’s site seemed overwhelmingly supportive of the president compared with Bannon. The Wall Street Journal reported late on Thursday that the site’s board was considering letting him go.

Bannon’s representatives did not respond to requests for comment.

Last year, media outlets as diverse as Time magazine and the comedy show “Saturday Night Live” portrayed Bannon, Trump’s election campaign strategist, as the power behind the president, an unshaven, shabbily dressed Svengali bending the Republican Party to his economic nationalist agenda.

But Bannon’s star had been tumbling long before this week’s flap over criticism Bannon leveled at Trump’s family in Michael Wolff’s new book on the White House,上海夜网后花园Cadence,.

In August, Bannon was fired amid a power struggle in the West Wing, forcing his return to Breitbart.

His reputation as a political mastermind then took a hit after Republicans lost a U.S. Senate seat in Alabama they had long held when the Bannon-backed Roy Moore, who was accused of improper conduct with teenage girls, fell to Democrat Doug Jones.

After leaving the White House, Bannon proclaimed his loyalty to Trump and vowed to wage an insurrection against the Republican establishment, especially Senate Majority Leader Mitch McConnell, whom he accused of stalling Trump’s policy agenda.

But last month, on the heels of Moore’s loss in Alabama, McConnell helped steer an overhaul of the U.S. tax code through Congress, earning praise from Trump and depriving Bannon of his argument that上海夜生活论坛 the Republican-controlled Congress had not produced results.

‘GREATLY DIMINISHED’

Trump turned on Bannon on Wednesday, saying he had “lost his mind” when he lost his job as chief strategist. He said Bannon did not represent Trump’s political base and had exaggerated his influence even when he was at the White House.

Following Trump’s attack, some of the candidates who had aligned themselves with Bannon’s movement began stepping away, including Arizona U.S. Senate hopeful Kelli Ward and New York congressional candidate Michael Grimm, who called the attacks against Trump’s family “baseless.”

Bannon’s influence, Ruddy said, had always stemmed from the belief that he was close to Trump.

“He’s greatly diminished,” he said. “What Steve forgets is the base is all about Donald Trump. It’s not about Steve Bannon.”

Josh Holmes, a former top aide to McConnell, said Bannon had been on a “self-interested mission” to play kingmaker inside the Republican Party.

“I think that’s over. … A leader without followers is just a guy taking a walk,” Holmes said.

A friend of Bannon, former Trump adviser Sam Nunberg, said he doubted Bannon’s relationship with Trump could be fully repaired. But he added that Bannon would retain some sway over Trump’s supporters, particularly on issues such as immigration.

“This is not the end of the world, particularly with this president,” Nunberg said.

Trump is known for casting associates out of the fold, but also for bringing them back, particularly if there are common political interests or common enemies.

The president did appear to be in a slightly forgiving mood on Thursday, noting that Bannon had praised him the night before on a radio show.

“I don’t know, he called me a great man last night,” Trump told reporters, “so you know, he obviously changed his tune pretty quick.”

However, in a tweet late on Thursday evening, he ridiculed Bannon with a new nickname, something Trump has commonly done to tag political foes and critics.

Slamming author Wolff for his “phony” book, Trump tweeted, “Look at this guy’s past and watch what happens to him and Sloppy Steve!”

China’s 2018 oil refinery output, December gas production hit records

BEIJING/SINGAPORE ( ) – Chinese oil refiners raised their output to a record in 2018, led by state-run oil majors which m,上海晚上耍女人的地方Sabine,aximized operations on firm profit-margins and private refiners which increased processing after being granted higher crude import quotas.

Refiners processed 603.57 million tonnes of crude last year, or about 12.07 million barrels per day (bpd), up 6.8 percent from 2017, the National Bureau of Statistics said on Monday.

In December, crude runs rose 4.4 percent from the year before to 51.17 million tonnes, or 12.05 million bpd, hovering near a record of 52.78 million tonnes racked up in October.

Top oil and gas group CNPC said on Monday that its crude processing volume rose 4.7 percent last year from 2017 to 207.3 million tonnes, or 4.15 million bpd.

New refineries including Zhejiang Petrochemical and the Sinopec-Kuwait refining complex in Zhanjiang were expected to add 32 million tonnes of new refining capacity to the world’s largest energy consumer, according to the research unit of China National Petroleum Corp (CNPC).

China’s crude runs are likely to grow 4.7 percent in 2019 from last year to hit a record of 634 million tonnes, or 12.68 million bpd, according to a report from CNPC’s think tank on Wednesday.

Crude oil output dropped in 2018 for a third straight y,上海夜网邀请码Dalton,ear despite increasing capital spending from oil producers, the data showed. Annual crude production declined 1.3 percent to 189.11 million tonnes, or 3.78 million bpd.

But in December, output recorded a rare year-on-year increase of 2 percent after companies stepped up drilling, with monthly output at 16.33 million tonnes, or 3.845 million bpd, the highest daily level since June last year.

For most of the last three years, China’s monthly crude oil production has shown year-on-year declines amid the higher costs of operating mature fields and a lack of new discoveries.

China’s CNO上海夜生活网OC said on Friday that it aimed to dou,上海会所夜网Nala,ble its domestic exploration work and proven oil and gas reserves in seven years.

Meanwhile, December natural gas output surged to a record 15.3 billion cubic meters (bcm), up 10 percent from a year ago, exceeding a record of 14.27 bcm in November, the data showed.

For all of 2018, gas output rose 7.5 percent from a year earlier to 161 bcm.

In replacing Dudley, New York Fed aims to avoid political pitfalls

NEW YORK ( ) – Unions and groups advocating for retirees, teachers, housing, and workers’ benefits are among those visiting the ornate conference rooms of the Federal Reserve Bank of New York to lobby for a less conventional candidate to serve as its next president.

New York Fed directors leading the search for a successor to chief William Dudley, seen as the second most influential policymaker at the U.S. central bank, invited the guests to last week’s meeting to seek their advice. According to attendees and others familiar with the search, the directors are close to a “long list” of candidates and appear set to begin formal interviews within weeks.

Until then, directors Sara Horowitz and Glenn Hutchins are taking steps intended to head off any criticisms of opacity and lack of diversity that, in recent years, have stung presidential searches at other district Fed banks. The afternoon meeting with 11 advocacy groups last week marked what one attendee called an unprecedented gesture of public outreach.

“I got the impression they wanted candidates at least at the (initial) interview stage to have diversity of background, race, ideology. But they played it close to the vest … and it’s hard to say who they might ultimately pick,” said Marcus Stanley, who attended the meeting and who is a policy director at Americans for Financial Reform, which wants the New York Fed to resist deregulation momentum in Washington.

The New York branch executes the Fed’s policy decisions and manages its trillions of dollars of assets. Its president is the only one among the 12 districts to have a permanent vote on policy and, historically, has tended to be a banker or market economist with Wall Street or Treasury experience.

The Jan. 10 meeting was one of at least seven since November with members of small bu,上海夜生活桑拿会所Kai,sinesses and banks, as well as large investment funds and industry groups, as the New York Fed continues to canvass for candidates, according to published notices of the meetings and people familiar with them.

Dudley announced on Nov. 6 he would step down a bit early, in mid-2018. Since then national interest in the search has grown and taken increasingly political tones given the New York Fed sits at the center of U.S. monetary policy, financial markets and the policing of Wall Street.

Upping the ante in New York is a historical Fed leadership overhaul in which U.S. President Donald Trump decided to replace Chair Janet Yellen with Jerome Powell, a Fed governor, and a Republican push to loosen bank rules. Liberal groups do not want a former banker or Fed insider, and point out that Dudley and his predecessors were all white and male.

Horowitz and Hutchins invited the advocacy groups and unions and asked for potential candidate names, according to two people at the meeting and one briefed on it. They said that while no names were offered at the time, a few attendees aim to submit them before month’s end.

The New York Fed declined to comment.

ATLANTA’S EXAMPLE

Four New York Fed directors will choose the candidate, though he or she must be approved by the Fed Board of Governors in Washington. Neither Congress nor the White House play a role.

reported in December that directors were considering candidates with a range of professional, racial an,上海仙霞路夜生活Kaia,d gender backgrounds including Peter Blair Henry, the just-retired dean of New York University’s Stern School of Business.

Last week’s 90-minute meeting included New York and New Jersey housing and community-development groups, the American Federation of Teachers, the Building and Construction Trades Council of Greater New York, and the American Association of Retired Persons, among others.

Horowitz, founder of the Freelancers Union which advocates for independent workers, told attendees that last year’s selection of Raphael Bostic as Atlanta Fed president set a good example of looking beyond the traditional mold given his economic expertise in housing policy, according to two attendees.

Bostic is the first black district president in the Fed’s 104-year history. Three of six new Fed presidents in the last five years were white men and two of those, Philadelphia Fed President ,上海夜生活论坛Gabe,Patrick Harker and Thomas Barkin of the Richmond Fed, were former district directors.

“Bostic really fits the profile of not coming from the typical Wall Street or internal Fed sources, and yet he is eminently qualified,” said Shawn Sebastian, director of the Center for Popular Democracy’s “Fed Up” campaign, and who also attended the meeting.

Horowitz and Hutchi上海夜生活网ns, a tech investor and noted public-policy philanthropist, indicated it would be “a matter of weeks, not months” before they began face-to-face interviews with candidates, Sebastian said.

“This invitation is unprecedented,” he added, noting search committees at Fed branches declined requests for such meetings in recent years. “It’s a very important step.”

China December daily crude steel output at lowest since March

BEIJING ( ) – China’s average daily steel output in December hit its lowest level since March, according to calculations based on official data, as producers cut output amid shrinking profit-margins.

Total output fell to 76.12 million tonnes last month from 77.62 million tonnes in November, but was up 8.2 percent from December 2017, data from the National Bureau of Statistics showed on Monday.

That means average daily steel output dipped 5 percent from the month before to 2.46 million tonnes, the lowest level since the 2.39 million tonnes recorded in March, according to calculations.

The world’s biggest steel maker churned out a record 928.26 million tonnes of crude steel in 2018, the data showed, up 6.6 percent from 2017, buoyed by firm demand in the first three quarter,上海夜哪里艳遇Hadrian,s of the year.

However, profits at steel mills have plunged nearly 60 percent since November on stronger-than-expected supply after Beijing ditched blanket measures to cut industrial production over the winter.

The environment ministry has vowed to adopt more efficient and targeted measures to fight pollution in 2019.

An executive at China’s Iron and Steel Association said last week that the country’s s,上海仙霞路夜生活Octavia,teel industry would shift its focus to optimizing capacity structure in 2019 from reducing overall capacity.

China currently has around 980 million tonnes of steelmaking capacity.

A government consultancy predic,上海夜生活网交流Lake,ted last month that steel output would slip back to 900 million tonn上海夜生活论坛es in 2019, curbed by cooling demand in major downstream sectors such as property, automobiles and energy.

Oil gains on tighter U.S. supply, Venezuela sanctions

NEW YORK ( ) – Oil prices rose on Wednesday, as U.S. government data that showed signs of tightening supply and investors remained concerned about supply disruptions following U.S. sanctions on Venezuela’s oil industry.

U.S. crude futures rose 92 cents to settle at $54.23 a barrel, a 1.73 percent gain. Brent crude futures gained 33 cents, or 0.54 percent, to $61.65 a barrel.

Prices extended gains after government data showed U.S. crude oil stockpiles rose less than expected last week due to a drop in imports, while gasoline inventories fell from record highs as refiners slowed production.

Crude inventories rose by 919,000 barrels, the Energy Information Administration said, compared with analysts’ expectations in a poll for an increase of 3.2 million barrels.

After eight straight weeks of builds to a record high, gasoline stocks fell 2.2 million barrels last week, versus forecasts for a 1.9 million-barrel gain.

“The report looked supportive on several fronts with the most obvious being a smaller-than-expected crude build of less than 1 million barre,上海夜生活去哪玩Cade,ls,” Jim Ritterbusch, president of Ritterbusch and Associates, said in a note. “While the slight increase may not appear monumental, we will reiterate that the build compared with 5-year average increases of about 7.5 million barrels.”

The market has been supported since Washington announced export sanctions against Venezuela on Monday, limiting transactions between U.S. companies and Venezuelan state-owned oil firm PDVSA.

The fight to control Venezuela, which has the world’s largest oil reserves, has intensif,上海夜网后花园Idaline,ied with the new sanctions aimed at driving President Nicolas Maduro from power, the strongest U.S. measures yet against the socialist president who has overseen economic collapse and an exodus of millions of Ven,上海夜生活群Quaid,ezuelans in recent years.

The sanctions aim to freeze sale proceeds from PDVSA’s exports of roughly 500,000 barrels per day of crude to the United Sta上海夜生活论坛tes, the OPEC member’s largest crude importer.

Traders who sell Venezuelan crude to the United States are looking for avenues to keep crude flowing during the sanctions, according to people familiar with the discussions, while U.S. companies that buy Venezuelan oil have also been looking for work-arounds, seeking counsel for instance on whether the use of third-party intermediaries, such as commodity merchants, can continue.

“The main risks for supply could come from a violent confrontation within the country, damaging the oil infrastructure,” analyst Carsten Menke at Julius Baer said.

“Yet the risks of such an event seem very low,” he added. “This oil will find its way to the market.”

GRAPHIC: Venezuela vs U.S. crude oil production – tmsnrt.rs/2HH4Otd

Market participants remained worried about global economic growth, which has shown signs of slowing amid a trade dispute between the United States and China, the world’s two biggest economies.

Officials from Washington and Beijing launched a new round of trade talks on Wednesday. The two sides have slapped hefty import tariffs on each other’s goods.

China reported its lowest annual economic growth in nearly 30 years last week, adding to a litany of worrying economic data from Europe and East Asia.

Alibaba slams U.S. treatment of Huawei, efforts to curb China’s rise

HONG KONG ( ) – A senior Alibaba executive slammed the United States’ treatment of China’s Huawei Technologies as “extremely unfair”, saying measures by the country to curb the firm’s access to their markets was “very politically motivated”.

Joe Tsai, the e-commerce giant’s executive vice-chairman, also sharply criticized what he called an attempt by the U.S. governme,上海夜生活群Idaleen,nt to curb China’s rise via a trade war.

He struck an optimistic note about China’s economy, saying it remained fundamentally strong despite a slowdown, and added that stimulus such as tax cuts needed to be imposed to prop it up even as it battles U.S. efforts to dent its businesses.

U.S. President Donald Trump’s administration has not only slapped crippling tariffs on Chinese imports, it has also stepped up scrutiny of Chinese investments in the country and torpedoed many deals citing national security concerns.

Huawei, the world’s biggest network equipment maker, has been caught up in the crosshairs, with the United States alleging its products could be used by Beijing for espionage.

Huawei has repeatedly denied the allegation.

“I think what the American government and together with the Five Eyes Alliance – what they’re trying to do with Huawei – is a bit unfair, there’s definitely a political agenda behind it,” Tsai said at a BreakingViews event in Hong Kong.

The United States and its allies, Australia and New Zealand, have restricted Huawei’s access to their markers, while Canada and the United Kingdom are reviewing whether to curb access.

Last month, Meng Wanzhou, Huawei’s finance chief, was arrested in Canada, sparking a diplomatic row between Canada and China. She faces extradition to the United States.

Tsai, a Canadian passport holder, said he hoped the relationship between Canada and China would improve.

“I love Canadians, they’re great,” Tsai joked when asked about Meng’s arrest, calling it a politically charged question.

“ANTI-CHINA PROBLEM”

Relations between Washington and Beijing have deteriorated rapidly amid a tit-for-tat escalation in tariffs that has roiled financial markets and raised fears over the impact on global supply chains and investment plans.

“President Trump may have started it focusing on the trade deficit itself … but over the course of the last nine months it was blown into a bigger anti-China problem,” Tsai said, adding the trade war has spurred anti-China sentiment.

“It worries everybody.”

Alibaba has been previously critica,上海会所夜网Naia,l of the trade war as well, with founder Jack Ma calling the spat the “most stupid thing in the world.”

The company, which promised in 2017 to create a million U.S. jobs, backed out last year, blaming the trade war.

Tsai said U.S. r,上海夜网Idaia,egulators had made it very difficult for Alibaba to make investments in the country, adding that the company would look at other parts of the world for investment.

Just last year, a U.S. government panel rejected a bid by Ant Financial, which Ma owns together with Alibaba executives, to buy U.S. money transfer company MoneyGram International Inc on national security concerns.

Among the most high-profile Chinese deals to be scuttled under the Trump administration, the $1.2 billion deal’s failure was a major blow for Ma, who was looking to expand Ant’s footprint amid fierce competition back home from rival Tencent Holdings Ltd’s WeChat.

CHINA OPTIMISM

Brushing aside the pains of the trade war, Tsai said people were over worried about China’s economy. Chinese consumers are still fundamentally very strong and consumption in China is going to grow over the next 5-10 years, he said.

Comments from Tsai come at a time上海夜生活论坛 when China’s economic growth has slowed to its weakest pace in nearly three decades amid faltering domestic demand and bruising U.S. tariffs.

Growth is expected to ease further this year.

Tsai said Alibaba will continue to invest aggressively despite the uncertain business environment.

Asia’s second most valuable public company has been investing heavily in offline retail and rural e-commerce to win new customers as China’s urban market shows signs of saturation.

Senators Burr, Tillis oppose Trump’s EPA nominee Dourson: reports

(In Nov 15 item, corrects third paragraph to say Dourson is a former professor at the University of Cincinnati)

( ) 上海夜生活网– North Carolina Senators Richard Burr and Thom Tillis said they will not support the Trump administration’s nominee to head the Environmental Protection Agency’s (EPA) chemical safety office, media reports said.

If one more Republican votes against Michael Dourson, he likely wouldn’t be confirmed to the post, the Hill reported on Wednesday. bit.ly/2hv1xgN

The R,上海夜玩网论坛Ida,ep,上海夜生活怎么玩Gabe,ublican Senators raised concerns about the track record of Dourson, a former professor at the University of Cincinnati who has worked as a consultant for chemical companies, StarNews reported. bit.ly/2jvLPpR

“With his record and our state’s history of contamination at Camp Lejeune as well as the current GenX water issues in Wilmington, I am not confident he is the best choice for our country,” StarNews quoted Senator Burr as saying.

,上海夜生活Jacklyn,The U.S. Senate environment panel, on Oct. 25, approved Dourson and 3 other nominees to top posts at the EPA, in a 11-10 vote along party lines that was slammed by Democrats.

Dourson, while a consultant, had assessed some chemicals, including PFOA, used to make Teflon non-stick surfaces, to be safe at levels far higher than considered acceptable by the EPA.

could not reach the Senators for comment outside regular business hours.

Written by shyw on August 3, 2018 Categories: wjxqxjow Tags: , ,

Tesla CFO leaves as automaker promises profits and cheaper cars

( ) – Tesla Inc’s chief financial officer will leave the company as the automaker on Wednesday promised cheaper Model 3 sedans, the launch of Chinese production this year and profits in every quarter in 2019.

The departure of Deepak Ahuja as well as missing Wall Street profit targets for the end of 2018, sent Tesla shares down nearly 6 percent after hours. Zach Kirkhorn, Tesla’s vice president of finance, will replace Ahuja, who is about 56 years old.

Chief Executive Elon Musk touted strong demand for the Model 3, as the company begins to ship the car to Europe and Asia from its Fremont, California factory. But he acknowledged it was paramount to cut costs to lower the price of the vehicle for a wider customer base.

“We have to be relentless about costs in order to make affordable cars and not go bankrupt,” said Musk on a conference call with analysts.

While the company expressed optimism that it could post a profit in the first quarter despite fewer deliveries of its flagship S and X vehicles, Tesla warned of challenges such as logistics and global deliveries of its new Model 3.

Tesla said plans to lower the price of the Model 3 were contingent on quickly building its factory in China. It hopes to produce 5,上海夜生活服务Ida,00,000 vehicles a year there by the last quarter of 2019 and the second quarter of 2020, a goal it originally expected to meet in 2018.

Related CoverageFactbox: Tesla executive departures since 2016

To start, the Shanghai factory will build 3,000 Model 3s per week, while production at Tesla’s Fremont plant will rise to 7,000 Model 3s per week by year’s end, the company estimated.

“Bottom line is we need the Shanghai factory to achieve that 10,000 rate and have the cars be affordable,” Musk told analysts. “The demand for Model 3 is insanely high. The inhibitor is affordability.”

Musk announced a 7 percent workforce reduction earlier this month, saying it was crucial to cut costs to roll out a lower-priced, yet still profitable, Model 3.

The cheapest today is priced at $44,000. Musk gave a “rough guess” that Tesla would begin building its originally promised $35,000 version around the middle of this year.

Roth Capital Partners anal,上海夜生活去哪玩Dahlia,yst Craig Irwin called Tesla’s results “somewhat weak, but largely as expected.”

“We think people have been too bullish about Tesla showing earnings power, and sustained positive cash from operations,” he said.

MORE CASH

Investors have wondered whether Tesla, which has never posted an annual profit, will seek more capital to fund a planned Model Y SUV, the building of factories in China and Europe, and the expansion of Tesla’s existing Nevada battery plant, the Gigafactory.

Tesla said it ended the quarter with $4.3 billion in cash and said it could pay a $920 million convertible bond maturing in March.

“Tesla has a fantastic brand, and by all accounts a fantastic product, but we’re worried it’s also fantastically expensive,” said Nicholas Hyett, Equity Analyst at Hargreaves Lansdown. “2019 could prove a make-or-break year.”

The winding down of a U.S. tax subsidy this year will make all Tesla cars more expensive and could hurt sales.

Tesla said it expected lower S and X deliveries in the,上海夜生活怎么玩Octavien, first quarter, given a “pull-forward in demand” in 2018 for those vehicles when the full subsidy was still available. Tesla recognizes revenue once a vehicle is delivered.

In the fourth quarter, customer deposits decreased by $113 million from the prior quarter to $793 million. Tesla said it was working through its Model 3 backlog without clarifying further.

Asked about Model 3 reservations, Ahuja said that number wa上海夜生活网s “not relevant.” Tesla last disclosed in May that net Model 3 reservations – accounting for new orders and cancellations – exceeded 450,000.

The company made a net profit of $139.5 million in the three months ended Dec. 31, compared with a $311.5 million in the third quarter, when it benefited from regulatory credits. (bit.ly/2Uv6szO)

Excluding items, Tesla earned $1.93 per share, missing expectations of $2.20 per share, according to IBES data from Refinitiv.

Tesla’s total revenue rose 5.9 percent to $7.23 billion, beating the analyst average estimate of $7.08 billion.

Smartphone makers seek export incentives to grow India production

MUMBAI ( ) – Smartphone makers in India are calling for export credits on devices and tariff cuts on machinery imports as part of measures they say will make Asia’s third-biggest economy a global smartphone manufacturing hub.

The India Cellular and Electronics Association (ICEA), whose members include some of the industry’s biggest names in上海夜生活论坛cluding Apple Inc, made the proposals in a 174-page document reviewed by and submitted to the government ahead of its annual budget announcement next week.

“As the country is nearing to achieve saturation point… without an export take off manufacturing growth cannot be sustained and accelerated,” the ICEA said in the document.

The ICEA confirmed it submitted the document. The finance and technology ministries did not respond to requests for comment.

The government’s ‘Make in India’ campaign beginning 2014 and gradual tax increases on imports of mobile phone components have spurred the creation of more than 260 manufacturing units in the country and over 600,000 jobs, IC,上海夜生活怎么玩Barbara,EA said.

That has helped India become the second-biggest producer of mobile phones after China, and prompted foreign smartphone makers such as Oppo and Samsung Electronics Co Ltd as well as contract manufacturers like Wistron Corp and Hon Hai Precision Industry Co Ltd (Foxconn) to ramp up production for phones primarily sold domestically.

The industry is now set for a further boost under a broader National Policy on Electronics currently in the works. Yet at the same time, the government also appears to be raising obstacles.

Next month, it will begin taxing imports of touch panels two months earlier than initially planned, sending mixed messages to handset manufacturers as setting up the means to assemble panels locally is a significant expense.

“Consistency in policy is important for any industry to mature,” said Navkendar Singh, associate research director at consultancy International Data Corp. “Back-and-forth in policy hurts investor sentiment and the country’s positioning as a destination to manufacture.”

In its document, ICEA proposed the government raise the export credit received on the value of mobile phone shipments to 8 percent from 4 percent. It also called for the introduction of a 5 percent export credit on services such as mobile apps.

Other proposals from the body – which also counts Huawei Technologies Co Ltd, Oppo and Foxconn among its members – include lower import taxes on capital goods such as machinery and ensuring manufacturers have access to low-cost capital.

“The next phase (of manu,上海会所夜网Gabe,facturing) can now probably be driven by export incentives,” said Vikas Agarwal, India head of Chinese smartphone maker OnePlus, which is not an ICEA member.

“The eventual goal is to establish India as the preferred destination – and not just driven by duties, but by the opportunities in the Indian market.”

TOUCH PANEL ASSEMBLY

The ICEA, formerly the Indian Cellular Association, also called on the government to re-consider levying duties on new components, and allow for the local manufacture of parts already under the import tax regime to develop in a timely manner.

The import tariff on touch panels has been of particular concern to manufacturers including Samsung.

The South Korean firm has written to the federal government saying it cannot make two of its high-end model,上海夜生活服务Fabi,s in India because of the tariff, the Economic Times reported this week.

A person familiar with the matter told Samsung had written to the government, and that the firm was investing in a touch panel assembly plant in India which would ready by the end of March 2020.

Samsung declined to comment.

The government aims to export $9 billion worth of mobile phones in the year ending March 2020 from just $100 million in 2017, the ICEA said in a previous report.

“Despite some improvement in exports since 2015, India still has a long way to become an export hub,” it said.

(This story was refiled to fix typo to change lobby group’s name from ‘Indian’ to ‘India’ in second paragraph)

Democrat wins by one vote in Virginia legislative election recount

(Corrects spelling of Virginia House of Delegates member David Yancey throughout in this Dec. 19 story.)

By Sharon Bernstein

( ) – Virginia Democrat Shelly 上海夜生活Simonds won a seat in the House of Delegates by one vote, changing the power balance in the state legislature and extending a tide of Democratic victories beginning with November’s capture of the governorship and several legislative seats.

Simonds beat incumbent David Yancey in a recount held Tuesday, both parties said in statements released after the unofficial vote recount was completed by officials in Newport News.

“Never, ever forget how very much your vote counts,” House of Delegates member David Toscano said on Twitter, one of many Democrats rejoicing that a single vote handed them the seat.

“I want to thank the voters who came out on Nov. 7,上海021夜网Naia,,” ,夜上海论坛Sabia,Simonds said in a news release. “It wouldn’t have happened without their participation.”

Republican leaders in the House of Delegates welcomed Simonds and thanked Yancey for his service, but the chairman of the state party vowed to fight on.

“Today, our opponents carried the day,” Republican Party of Virginia Chairman John Whitbeck said in a statement emailed to . “Tomorrow, we begin again.”

Simonds’ election, which still must be affirmed by a panel of three judges, means that the 100-member House of Delegates will have an equal number of Democrats and Republicans. That could lead to more moderate policies by forcing the parties to share power.

Before the Nov. 7 general election, Republicans held 66 seats t,上海足浴夜网联系方式Rae,o Democrats’ 34, along with a majority in the state senate, according to the election information website Ballotpedia. The GOP still holds a slim margin in the senate.

Also on Nov. 7, the state elected Democrat Ralph Northam in a bitter race for governor, dealing a setback to President Donald Trump with a decisive victory over a Republican who had adopted some of the president’s combative tactics and issues.

Democrats also picked up a hotly contested Senate seat in Alabama this month, after Democrat Doug Jones narrowly defeated Republican Roy Moore in a special election to replace former Senator Jeff Sessions, now President Trump’s Attorney General. Democratic Party activists hope their candidates can ride to victories in the 2018 Congressional elections on a wave of voter disenchantment with Trump and his Republicans.

Four legislative races, including the Simonds-Yancey battle in the 94th District, were slated for recounts.

Going into the 94th District recount, Yancey was ahead by just 10 votes. On Tuesday, that changed, and Simonds clinched with a margin of one.

Pelosi says Democrats will not back short-term funding bill on…

WASHINGTON ( ) – U.S. House of Representatives Democratic leader Nancy Pelosi said on Thursday her party would not support a short-term funding bill being brought up for a vote later in the day because it did not include any key Democratic priorities.

Pelosi said Democrats were seeking funding for fighting opioid addiction, veterans, the children’s health program, community health centers, disaster funding and a solution for young undocumented immigrants to the United States.

Her statement suggested Republicans would have to find the votes they need to pass the bill among their own members. If a short-term funding measure is not approved by the Republican-led Congress and signed by Republican President Donald Trump, all but the most essential parts of the federal government will shut down.

,上海夜生活服务Idris,Pelosi told a news briefing that “Democrats are not willing to shut government down,” but she also said her members “will not leave here (fo,上海夜网Faith,r the holidays) without a … fix” to the problem of illegal immigrants who arrived in the United States as children, who are sometimes referred to as “Dreamers.”

Pelosi said the temporary spending measure before the House on Thursday was a “waste of time.”上海夜生活

“It has nothing about (the) opioid epidemic. There’s nothing about veterans’ funding, nothing about CHIP— CHIP — children’s health insurance, community health centers, nothing about, well, the DREAM Act, among other things,” she said.

The short-term spending bill does provide some short-term help for states that ,上海夜网千花Cade,are running out of money to finance the children’s health insurance program for lower-income children, but it stops short of renewing the program, which Congress allowed to expire at the end of September.

Pelosi, discussing the immigration issue, said Democrats were willing to accept new funding for border security, but not for a border wall.

“We’re not going to turn this country into a reign of terror of domestic enforcement and have the Dreamers pay that price,” she said.

Republicans have a majority in both the House and Senate. But they will need some Democratic support to get the temporary spending bill past Senate procedural hurdles that require 60 votes, since there are only 52 Republicans in the 100-member chamber.