Bloomberg News
China Steps Up US Soybean Buying With Million-Ton Purchase
Soybeans are harvested in Illinois in September 2018. (Bloomberg News)
China is stepping up purchases of soybeans from the U.S. as Brazilian sales start to wane and the Asian nation seeks to meet its pledges under the trade deal with Washington, according to people familiar with the matter.
May 12, 2020Musk Says Tesla Poised to Defy California County, Reopen Car Plant
Elon Musk listens during a discussion at the Satellite 2020 Conference in Washington on March 9. (Andrew Harrer/Bloomberg News)
Elon Musk said Tesla Inc. is flouting the California county that has blocked its efforts to reopen its only U.S. car plant by restarting production at the facility.
May 11, 2020Musk’s Aim to Restart Tesla Plant Sets Up Potential Clash
The Fremont, Calif., Tesla assembly plant in October 2019. (Sam Hall/Bloomberg News)
Tesla Inc. plans to reopen its sole U.S. car factory as soon as May 8, possibly setting up another battle with local health authorities in California.
May 8, 2020Tesla Idles China Plant, Suspending Vehicle Output Worldwide
Tesla idled its Gigafactory near Shanghai, China. (Qilai Shen/Bloomberg News)
Tesla Inc. suspended production at its plant on the outskirts of Shanghai, according to people familiar with the matter, bringing to a halt all of the company’s vehicle manufacturing globally.
May 7, 2020China Merchants Group Explores Taking $4 Billion Port Unit Private
Containers sit in the Shekou Container Terminals in Shenzhen, China. (Thomas Lee/Bloomberg News)
China Merchants Group Ltd. is exploring taking China Merchants Port Holdings Co. private after shares of the state-owned conglomerate’s unit slid in Hong Kong this year, according to people with knowledge of the matter.
April 28, 2020Auto Plants Approach Reopenings, Putting Pressure on Detroit
A RAV4 hybrid SUV moves down the assembly line at a Toyota plant in 2019. (Luke Sharrett/Bloomberg News)
Automakers are cautiously coalescing around plans to reopen North American assembly plants early next month following what will be a roughly six-week shutdown for virtually the entire industry.
April 23, 2020Anguish Grows in Russia Oil Sector Overwhelmed by Price Fall
An illuminated oil drilling rig and drill pipes near Nizhnevartovsk, Russia, in March 2017. (Andrey Rudakov/Bloomberg News)
As Russia’s small oil producers struggle to survive a historic price crash, some say in private they wish they could just set their crude ablaze.
April 23, 2020Senate Approves $484 Billion in Additional Coronavirus Aid
Senate Majority Leader Mitch McConnell speaks with a reporter outside the Senate chamber on Capitol Hill April 9. (Patrick Semansky/Associated Press)
The Senate approved a new $484 billion pandemic relief plan with funds for a tapped-out small business aid program, and aid for coronavirus testing and overwhelmed hospitals. A House vote is expected as soon as April 23.
April 21, 2020OPEC+ Ministers Hold Impromptu Call to Reflect on Price Rout
Lights illuminate oil storage tanks at night in Tuapse, Russia. (Andrey Rudakov/Bloomberg News)
Oil ministers from the OPEC+ coalition held an unscheduled conference call on April 21 to discuss the collapse in crude prices, though a closing statement signaled they didn’t settle on any new policy measures.
April 21, 2020Oil Plunges Below Zero for First Time in Unprecedented Fall
Oil storage tanks in Cushing, Okla. (Daniel Acker/Bloomberg News)
Of all the wild, unprecedented swings in financial markets since the coronavirus pandemic broke out, none has been more jaw-dropping than Monday’s collapse in a key segment of U.S. oil trading.
April 20, 2020