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Tesla's unfettered ambition will drain finances: analysts

(Reuters) - Tesla Inc may have to ask creditors and shareholders for more capital to fund development of an electric semi truck, a new roadster and accelerated production of a high-volume electric sedan, analysts said on Friday. Read More

 

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  • China sets sweeping new rules to regulate $15 trillion asset management products

    BEIJING (Reuters) - China's central bank on Friday issued sweeping guidelines to tighten rules on asset management business, the latest step by Beijing to fend off systemic risks in the country's rampantly growing shadow banking sector.

  • Wells Fargo consumer lending head axed after disparaging regulators: source

    NEW YORK/WASHINGTON (Reuters) - Wells Fargo & Co fired Franklin Codel, its head of consumer lending, over a conversation he had with a former employee about compensation in which he disparaged U.S. regulators, a person familiar with the matter said on Friday.

  • Hedge fund bet on Glencore backfires with $100 million loss

    LONDON (Reuters) - London hedge fund giant Lansdowne Partners lost $100 million from a long-term bet against Glencore this year after the spectacular recovery of the miner took some by surprise. For Lansdowne, that bet had generated returns in 2014 and 2015, when Glencore more than other major miners was dragged down by falling commodity prices and concerns about its level of debt. But so far this year, Glencore's shares have risen 29 percent, from 278 to 354 pence, making it the top-performing global miner.

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