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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 ...

Bloomberg HelloFresh, the meal-kit startup owned by Rocket Internet SE, aims to announce an initial public offering in the second half of October as the German company tries to distance itself from the post-IPO flop of Blue Apron Holdings Inc., people familiar with the matter said. HelloFresh has been waiting for preliminary third-quarter earnings to be ready to show investors ...

Bloomberg Two major hurricanes knocked down payrolls in September, yet the US labour market is holding up just fine. That’s the broad message from employment figures released by the Labor Department. Payrolls fell for the first time since 2010, reflecting Hurricane Harvey’s impact on Texas and Irma’s fallout in Florida. At the same time, the unemployment rate dropped to a ...

Bloomberg President Donald Trump, who has pushed for broad rollbacks of regulations on the environment, markets, banking and other areas, mused on Twitter about restoring a media rule killed under a president he cites as one of his heroes, Ronald Reagan. “Late Night hosts are dealing with the Democrats for their very ‘unfunny’ & repetitive material, always anti-Trump! Should we ...

Bloomberg Oman pledged to create 25,000 public sector jobs by December, a move that risks adding to a budget gap that was the Gulf’s widest last year. The government will follow up with additional measures to address the lack of jobs in the sultanate, the state-run Oman News Agency reported on Wednesday, citing the cabinet’s decision a day earlier. Unemployment ...