Panama City / AFP Japan on Wednesday agreed to finance a $2.6 billion monorail Panama intends to have built by 2022 as an extension of its young metro system, the Panamanian government said. “This financing Japan is giving us today is recognition of the solidity and credibility of Panama,” a statement quoted President Juan Carlos Varela saying during a …

  New Delhi / Bloomberg The returns for overseas investors in India’s ambitious 100-gigawatt solar programme are about to get a big leg-up. And no, New Delhi won’t be paying the producers much more than the rock-bottom tariff of 4.34 rupees (7 cents) per kilowatt-hour. So where will the extra profit come from? Speaking in London, Indian Power Minister Piyush …

    Bloomberg U.K. retail sales posted their biggest monthly decline in more than two years in March as Britons bought less of everything from food to clothing. The volume of sales excluding auto fuel fell 1.6 percent from February, the most since January 2014. Total sales dropped 1.3 percent. Both far exceeded the modest declines forecast in a Bloomberg …