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Teslas China factory to produce 3000 cars each week: Report

US electric car manufacturer Tesla plans to produce 3,000 Model 3 sedan cars every week at its factory in Shanghai when the Chinese factory commences work, according to a Sina news report, referring to US Securities and Exchange Commission (SEC) government requirements on Friday. The California-based electric car manufacturer aims to increase model 3 production to about 10,000 units per …

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Amazon to roll out free shipping to all in 2018 high season

This is the season for online shopping, especially if Amazon is your journey to destination. The Mega webstore announced that it will offer free shipping on all holiday orders on time for Christmas, and will eliminate a minimum purchase price – even if you are not a premier member. The company had previously set a threshold of $ 25 for …

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China's service sector is slowest growth in 13 months: Caixin survey

China's service sector slowed its slowest growth for over a year last year when the volume of new orders dried up showed a private investigation indicating a further loss in economic momentum as a rough 2018 finally draws. The downturn in the services sector – which accounts for more than half of China's economy and is an important generation of …

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Kuroda says aware of BOJ's simple policy that hurts banks, warns of global risks

Get instant notifications when news breaks your shares. Do your 2-week free trial to StreetInsider Premium here. By Leika Kihara NAGOYA, Japan (Reuters) – Bank of Japan Governor Haruhiko Kuroda said on Monday that long-term ultra-loose monetary policy could push the financial institutions' margins and potentially destabilize the country's banking system. Given poorer inflation and uncertainty about overseas economies, he …

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