Kuala Lumpur / Bloomberg Malaysia is selling global Islamic bonds against the backdrop of an increase in credit risk amid a dispute between a troubled state-investment company and Abu Dhabi’s sovereign wealth fund over debt obligations. The government is marketing $1 billion of Shariah-compliant notes due in 2026 at 135 basis points over Treasuries and $500 million of bonds ...

  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 ...