Bloomberg China will start building pilot wind and solar power projects that won’t receive national government payments as it pushes to improve the competitiveness of renewable energy and rein in subsidy bills. Shares of solar manufacturers surged in New York and Hong Kong. Power prices from these pilot projects will be the same or lower than from coal-fired plants, the ...

Bloomberg Infosys Ltd, Asia’s second-largest software exporter by value, raised its sales forecast for the year ending March citing a “healthy pipeline” of orders. Bangalore, India-based Infosys predicts revenue will expand as much as 9 percent from an earlier target of 8 percent. Chief Executive Officer Salil Parekh expects a revival in the company’s financial services business, and its ability ...

Bloomberg Dalian Wanda Group Co.’s sales declined for a third year as Chinese billionaire Wang Jianlin’s conglomerate continues to divest assets under government scrutiny. Revenue fell 5.7 percent to 214.3 billion yuan ($31.7 billion) in 2018, the once-acquisitive group said in an emailed statement. The statement didn’t say if the company was profitable or loss-making last year. Total assets dropped ...