Bloomberg Dominion Energy Inc.’s $7.9 billion takeover of a troubled South Carolina utility was approved by state regulators, clearing way for a deal that nearly collapsed over costs from a failed nuclear project. The unanimous vote comes nearly a year after Dominion proposed buying Scana Corp, which spent about $4.9 billion to expand the V.C. Summer nuclear plant then walked …

Bloomberg Occidental Petroleum Corp will look for ways to cut costs other than dropping rigs, in response to the recent slump in oil prices, according to Chief Executive Officer Vicki Hollub. “We’re going to keep our rigs running and we’re going to figure out how to reduce costs in some other way that’s not impacting people who are depending on …

Bloomberg Premier Oil Plc is considering a bid for a package of North Sea oil and gas assets put on the block by US oil major Chevron Corp that’s worth about $2 billion, according to people familiar with the matter. The first round of bids is due before the end of the month, the people said, asking not to be …

Bloomberg Xinyi Energy Holdings Ltd, an owner and operator of solar farms in China, is postponing a Hong Kong initial public offering of as much as $582 million, according to people with knowledge of the matter. The unit of Xinyi Solar Holdings Ltd has no timetable for relaunching the deal, said one of the people, who asked not to be …

Bloomberg If Jason Daw is right, some of the world’s biggest investors are setting themselves up for a major disappointment. The Singapore-based strategist at Societe Generale, one of the few to anticipate the slump in emerging markets beginning in January, sees no imminent turnaround for the asset class. He said the modest rally in currencies since September, led by Brazil’s …

Bloomberg The worst thing you can call a cryptocurrency project isn’t a “scam” — although many have been called that. It’s a “security.” By casting digital assets in with stocks and bonds, the more stringent rules governing those traditional asset classes will be applied to cryptos. For proof of what that can mean for the nascent market, look no further …

Bloomberg Canada’s biggest banks suffered the worst decline in bond trading revenue since 2011 as volatility pushed investors to the sidelines. Revenue from trading fixed income, currencies and commodities fell 8.1 percent to C$6.32 billion ($4.72 billion) at the six large Canadian lenders in the latest fiscal year, a further erosion from the 6.1 percent decline in 2017, according to …

Bloomberg Peru’s central bank held borrowing costs unchanged as tame inflation allows it to keep stimulating the economy after growth slowed in the third quarter. The central bank board, led by President Julio Velarde, kept benchmark lending rate at 2.75 percent for the ninth consecutive month. That matched the forecast of all 11 economists surveyed by Bloomberg. “The board considers …

Bloomberg European Central Bank (ECB) President Mario Draghi defended the results of two decades of European political and monetary integration against the return of “illiberal” policies and regimes. Speaking in his native Italy, where a euro-skeptic populist government is openly flaunting European Union rules, Draghi listed the euro’s successes, while admitting that not all have benefited equally from it. He …

Bloomberg The Nordic listings market has cooled off in recent months, with several companies cancelling their initial public offerings amid plunging stock prices. But the biggest Nordic bank isn’t ready to call an end to an environment that has produced a record number of listings in recent years. “It’s far too early to say that the positive fundamentals for the …