News

Bloomberg Snowy Hydro Ltd., Australia’s largest hydropower producer, is considering raising as much as A$2 billion ($1.6 billion) by the end of 2018 for a project expansion, which will boost its 4,100 megawatt capacity by as much as 50 percent. The company, jointly owned by the federal government and the Victorian and New South Wales state governments, has begun talks ...

Bloomberg Oil shook off some of the fears that had rattled the market to extend gains above $62 a barrel as the dollar weakened and global equities rebounded from a rout. Futures rose as much as 1.4 percent in New York after advancing 4.2 percent last week, propped up by a relief rally that helped US equities to their best ...

Bloomberg India’s dependence on imported components for electric vehicles could make the country vulnerable to cyber-security breaches, according to the government’s chief policy think-tank. India should manufacture the majority of the parts needed for its electric vehicle fleet as equipment shipped from overseas could be compromised, VK Saraswat, a member of the think tank, Niti Aayog, said. All of the ...

Bloomberg British tycoon Richard Branson-backed Virgin Hyperloop One is proposing to build a super-fast transportation system in India that would connect the city of Pune with the planned new airport in Mumbai in 25 minutes, saving about three hours. The founder of Virgin Group signed a preliminary agreement in Mumbai for a broad hyperloop framework, the company said. A demonstration ...

Bloomberg Noble Group Ltd., the commodity trader battling to survive, warned that it’ll report another vast loss including from the operations meant to sustain a revamped business, and while it signalled progress in debt-restructuring talks, hurdles to a deal remain. The Hong Kong-based company will report a net loss of $1.73 billion to $1.93 billion for the final quarter of ...

Bloomberg Chinese and Indian tourist arrivals in Australia jumped to a record in 2017 as growing middle-class wealth in the world’s most populous nations fuels the travel bug. Almost 1.4 million visitors from mainland China travelled to Australia in 2017, a 13 percent increase from a year earlier, according to the Australian Bureau of Statistics. Tourists from India climbed to ...

Bloomberg Australia, India, Japan and the US are discussing a joint infrastructure plan, Australian Foreign Minister Julie Bishop said, as China’s own building initiative deepens its economic clout across Asia. Senior officials from the four Group of 20 nations have discussed “a range of opportunities and challenges,” Bishop told Sky News in an interview that aired on Monday ahead of ...

Bloomberg Siemens AG will press ahead with an initial public offering of its health-care unit as CEO Joe Kaeser unloads another key business at Europe’s largest engineering company. The IPO of “a meaningful minority share” in Siemens Healthineers, as the company is known, will be completed in the first half of the year on the Frankfurt Stock Exchange, subject to ...

Bloomberg While US steel and aluminum producers surged after the Commerce Department released its recommendations for restricting imports, a muted reaction among the biggest Asian metals stocks suggests the international impact will be spread thinly—unless US action prompts retaliation from its biggest suppliers. Japan’s top steelmakers, Nippon Steel & Sumitomo Metal Corp. and JFE Holdings Inc., and its largest maker ...

Bloomberg Former US Director of National Intelligence James Clapper contradicted a tweet from a Facebook Inc. executive that said swaying the 2016 election wasn’t the main aim of Russian interference outlined in a new indictment. “Clearly the Russians were trying to affect the election,” Clapper, who served under President Barack Obama, said on CNN’s “State of the Union”. He said ...