Tesla, Inc. TSLA CEO Elon Musk made a surprising visit to China on Sunday and met with the country’s premier Li Qiang, according to Bloomberg. A bullish analyst said the visit could be related to the rollout of full-self driving in the country. Immediately after Musk landed in China, the billionaire met with Li, who told him that China is always open to foreign companies.
Open FlipIn an unusual occurrence, the average fortnightly cash balances of banks kept with the Reserve Bank of India (RBI) fell short of the central bank's mandated cash reserve requirement (CRR) 15 times in the past year alone, an analysis of daily data released by the banking regulator showed.The shortfall in the fortnightly CRR, one of the key regulatory reserve requirements.
Open FlipAfter getting a jump on competitors in the latest round of China’s electric-vehicle price war, BYD Co. now faces a key test of proving that it can withstand the impact on profits. China’s biggest EV maker broke with its usual practice of not providing guidance ahead of its earnings report due later Monday. The stock’s volatility skew this month jumped to the highest since October.
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