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ESKOM: ABB comes clean as Eskom house of cards crashes down on global giants

  • Date: 24-10-19
  • Category: ESKOM
  • Source: Biz News

(Bloomberg) – Swiss industrial giant ABB is being investigated for suspect payments related to work it carried out for embattled South Africa utility Eskom.

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PGM PROJECTS: Tagwirei swoops on US$500m platinum project

Commodities baron Kudakwashe Tagwirei’s Landela Mining Ventures has emerged as the new joint venture partner in the Russian-led Darwendale platinum mine project, which has also roped in former Impala Platinum chief executive David Brown.

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AUTO PRODUCTION: Chinese auto production capacity utilization slides to 76.1% in Q3

Average production capacity utilization in China’s auto industry has continued to decline as its new-vehicle market remains locked in a downturn.

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AUTO SALES: Dealership stockpiles stay high for Chinese brands, locally built global marques

  • Date: 24-10-19
  • Category: AUTO SALES
  • Source: Auto News

New vehicle inventories remained well above the normal range in September at dealerships marketing Chinese light-vehicle brands along with global mass-market marques as the overall market downturn continued.

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AUTO SALES: Why Beijing will avoid moves to boost slowing economy, weakening car market

  • Date: 24-10-19
  • Category: AUTO SALES
  • Source: Auto News

Due in large part to U.S. President Donald Trump’s tariffs, China’s economic growth slowed to 6.0 percent in the third quarter, a record low in 27 years. Its new-car market has contracted for 15 straight months.

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AUTO SALES: India scrappage plan unlikely to result as desired - analyst

  • Date: 24-10-19
  • Category: AUTO SALES
  • Source: Just Auto

India's vehicle scrappage plan is unlikely to produce desired results, according to analysts at GlobalData, parent company of just-auto.

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JEWELLERY: Bulgari CEO Sees China Jewelry Sales Rising Amid Slowing Economy

  • Date: 24-10-19
  • Category: JEWELLERY
  • Source: Bloomberg

Bulgari SpA plans to add stores in China, saying jewelry sales there could potentially double over the next five years as it dodges a broader slowdown in the world’s second largest economy.

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ELECTRIC VEHICLES: Japanese automakers take niche minicar approach in EV push

TOKYO -- As global automakers race to put long-range electric vehicles on highways amid stricter emission laws, Japanese companies are taking a niche approach and steering towards cheaper, tiny runabouts to make costly battery technology more accessible.

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