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China may have new property debt king after Sunac deal

Bloomberg As some Chinese tycoons slow acquisitions to focus on digesting their massive debt loads, one property billionaire is moving the other way. Sunac China Holdings Ltd. Chairman Sun Hongbin over the past year oversaw an acquisition spree that culminated with Monday’s $9.3 billion purchase of assets from Dalian Wanda Group Co. While the deal set a record for China’s ...

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IT shares rally lifts India Sensex to record high a second day

Bloomberg Indian shares advanced a second day, with the key indexes extending record highs, paced by a rally in software exporters. The benchmark S&P BSE Sensex added 0.1 percent to close at 31,747.09 at the 3:30 p.m. close in Mumbai, while the NSE Nifty 50 Index gained 0.2 percent. The Sensex closed at an all-time high level for the third ...

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Electricity overtakes fossil fuels in push for investment

Bloomberg Electricity drew in more investment than fossil fuel supply for the first time last year as the energy industry prepared for electrification of everything from cars to buildings and industrial processes. Power generation and electricity grid expansions took in $718 billion, 42 percent of the $1.7 trillion invested in energy last year, according to a report by the International ...

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