Musk has long displayed a hatred of being told what to do, says the Financial Times’ Patrick McGee.
Japan's Panasonic Corp posted on Monday a 29per cent drop in annual operating profit amid the coronavirus outbreak but said its battery cells joint venture with major customer Tesla Inc logged a second straight quarterly profit.
Japan's Panasonic Corp, a top supplier of battery cells to Tesla Inc, reported a 28.6per cent drop in annual operating profit and did not issue an earnings forecast for the current year due to uncertainty about the impact of the coronavirus.
SoftBank Group Corp on Monday reported a record 1.4 trillion yen (US$13 billion) operating loss in the April-March financial year as the value of its tech bets via the US$100 billion Vision Fund crumbled.
Total has called off plans to acquire Occidental Petroleum's assets in Ghana, the French energy company said on Monday.
INVESTMENT platform eToro on Monday announced that it is extending its commission-free stocks offering to clients in the Asia-Pacific, effective immediately.
Taiwan Semiconductor Manufacturing Co Ltd has stopped new orders from Huawei Technologies in response to Washington's move aimed at further limiting chip supplies to the Chinese company, the Nikkei reported on Monday, citing multiple sources.
Europe's top oil and gas companies have diverted a larger share of their cash to green energy projects since the coronavirus outbreak in a bet the global health crisis will leave a long-term dent in fossil fuel demand, according to a Reuters review of company statements and interviews with...
CLIFFORD Capital, Sumitomo Mitsui Banking Corporation (SMBC) have provided US$140 million in loans to Summit Power International's subsidiary for a power plant project in the Gazipur district of Bangladesh.
Unemployment checks are flowing, US$490 billion has been shipped to small businesses, and the U.S. Federal Reserve has put about US$2.5 trillion and counting behind domestic and global markets.
