Bloomberg Brookfield Asset Management Inc., the owner of just a half-megawatt of solar power, is going all in on sunshine. Eight months after agreeing to acquire almost 4 gigawatts of solar and wind power from fallen clean-energy giant SunEdison Inc., Brookfield is now said to be in advanced talks to buy a 41.5 percent stake in Atlantica Yield Plc, which ...

Bloomberg Eskom Holdings SOC Ltd. allocated a contract number to Trillian Capital Partners, a company to which it said it has made ‘unlawful’ payments, according to documents seen by Bloomberg. Eskom has consistently denied that it has ever held a formal agreement with the company. The South African state-owned power utility said it will ask McKinsey & Co. and Trillian, ...

Bloomberg Renault SA will double electric-car offerings in the next five years and widen its presence in China to protect its global ranking in building battery-powered autos as competitors including Volkswagen AG expand in the segment. Electrified models will comprise half of Renault’s line-up by the end of 2022 as the carmaker rolls out eight new or revamped wholly battery-powered ...

Bloomberg Japan’s Denso Corp. is placing a $1 billion bet that the US auto sector’s future is electric. Toyota Motor Corp.’s top parts supplier said it’ll invest that much to expand its factory in Maryville, Tennessee, to make components for electrified, connected and self-driving cars. The factory’s customers include the Detroit Three and Japan-based carmakers, said Bill Foy, senior vice ...

Bloomberg Hong Kong’s largest power utility CLP Holdings Ltd. is scouting for more renewable power projects in India at a time when conventional generators are coping with stranded projects and under utilisation. CLP India Pvt. is eyeing run-of-the-river hydro power projects, solar and wind capacities as well as efficient coal-based power generation units located near coal mines, which helps to ...

Bloomberg Shareholders of Singapore developers have another reason to rejoice: en-bloc sales are at a ten-year high, according to some estimates. A spate of en-bloc sales this week, or redevelopment deals in which a group of owners band together to sell apartment blocks at a hefty premium, has buoyed market sentiment that the property sector is poised for a rebound. ...

Bloomberg Investor angst over Kim Jong Un is helping gold get its groove back. Bullion rose, trimming a weekly loss, after Russia’s state news service quoted Russian legislator Anton Morozov as saying North Korean officials are planning a new test soon of a missile capable of reaching the US West Coast. Geopolitical tensions are reviving haven demand for the precious ...

­­­­­­­­­­­Bloomberg Amazon.com Inc. is almost certain to enter the business of selling prescription drugs by 2019, said two analysts at Leerink Partners, posing a direct threat to the US’s biggest brick-and-mortar drugstore chains. “It’s a matter of when, not if,” Leerink Partners analyst David Larsen said in a report to clients. “We expect an announcement within the next 1-2 years.” ...

Bloomberg The House Intelligence Committee is asking officials from Facebook Inc., Twitter Inc. and Alphabet Inc.’s Google to testify publicly as part of its Russia probe on November 1, the same day as a planned Senate Intelligence hearing, according to two people familiar with the decision. That would set up a marathon day for the social media companies, which are ...

Bloomberg General Electric Co.’s management overhaul marked the latest departures of high-profile executives from a company that has traditionally served as an incubator of corporate bosses. Chief Financial Officer Jeffrey Bornstein is leaving at the end of the year. Two other company veterans and GE vice chairs, Beth Comstock and John Rice, are retiring from the company. They’re following Steve ...