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Tesla said that it is still expanding its sales channels in China at a normal pace, in response to a Reuters report saying it was considering closing some city centre showrooms in its second largest market.

Indian shares ended higher, lifted by gains in financials and auto companies, while investors prepared for a host of central bank meetings this week to gauge the impact of rate hikes on global economy.

Tesla completed a project to expand production capacity at its Shanghai plant, according to a statement on a Shanghai government platform for companies' environmental information disclosures.

Mongolian President Ukhnaagiin Khurelsukh said that he supports the construction of oil and gas pipelines from Russia to China via Mongolia.

Oil prices rose slightly as a spill at Iraq's Basra terminal appeared likely to constrain crude supply, but remained down on the week on fears that hefty interest rate increases will curb global economic growth and demand for fuel.

Oil prices have tumbled by around a quarter in the past three months, largely due to fears of a prolonged slump in global energy demand. But no major forecaster is actually predicting one.

The global movement by governments and automakers to boost electrification of cars does not mean ethanol will be dead as a product, according to an executive of one of the world's largest producers of the biofuel.

Tesla Inc was sued on Wednesday in a proposed class action accusing Elon Musk's electric car company of misleading the public by falsely advertising its Autopilot and Full Self-Driving features.