Bloomberg Madagascar’s state power utility may become profitable by 2020 as the nation builds more solar plants to cut electricity-production costs, Energy Minister Lanto Rasoloelison said. The government is overhauling the state-owned power company, known as Jirama, with World Bank help as it seeks to provide universal electricity access by 2030 in a country where less than one in seven …

Bloomberg European stocks struggled for direction while futures for the S&P 500 advanced in a lackluster session overshadowed by the US holiday. There was a more downbeat mood in Asia where shares slipped even as the yuan extended a rebound. Telecom companies were the biggest winners on the Stoxx Europe 600 Index, though declines in technology shares helped offset the …

Bloomberg Once the hallmark of this bull run, complacency has made way for angst. From junk bonds to emerging-market stocks, market turnover is through the roof, reaching multi-year highs. Within the S&P 500 Index, investors traded more than $2.9 trillion worth of shares in each of the past two quarters, a feat last achieved in early 2008. Burgeoning uncertainty — …