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Tesla's China-made EV sales rise 24.4% year on year in June

Tesla's NASDAQ:TSLA China-made electric vehicle sales rose for an eighth month in June, supported by an extended recovery in the U.S. automaker's European sales.Deliveries of Model 3 and Model Y vehicles made in its Shanghai plant, which is also an export hub for Europe, grew 24.4% from a year earl…

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German postal service says it must retain tax exemption for business mail

Deutsche Post XETR:DHL on Thursday defended its value-added tax exemption for business mail, pushing back against reported plans by the finance ministry to scrap the tax break in order to raise additional revenue.* "The tax exemption is mandatorily prescribed under European law and linked to the pr…

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US natural gas stockpiles likely rose by 81 billion cubic feet last week

U.S. energy firms likely added an above normal 81 billion cubic feet of natural gas into storage last week, according to the average estimate in a Reuters poll released on Wednesday.The estimate compares with an injection of 61 bcf during the same week a year ago and an average increase for that we…

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BoE has right fix for faulty gilt-market plumbing

By Liam ProudThe Bank of England is pressing ahead with plans to limit hedge-fund leverage in a key funding market, the FT reported. So-called minimum repo haircuts of, say, 2% may reduce liquidity in normal times. But it would be worth it to reduce the odds of a disorderly crisis-era unwind.Full…

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