Bloomberg Egypt reached an initial agreement with the International Monetary Fund over a $12 billion package designed to restore the confidence of foreign investors and ease a crippling dollar shortage hampering economic growth. The three-year agreement aims to “improve the functioning of the foreign exchange markets, bring down the budget deficit and government debt, and to raise growth and …

  Bloomberg The top two US solar manufacturers are shifting away from the biggest domestic market because utilities aren’t signing as many deals to buy electricity from their giant power plants. SunPower Corp. the No. 2 US panelmaker, said it’s turning its attention to rooftop power, while First Solar Inc., the biggest producer, now expects more of its growth to …

  Bloomberg China’s infrastructure investors have had a tough two weeks, with plugs being pulled on at least $15 billion of potential deals in nuclear power and electricity distribution. Britain and Australia refused to sign off on investments where state-owned Chinese companies were ready to provide much-needed funding. In both cases, the long-term utility programs were halted in the later …