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BlackRock, CleanCapital buy US solar portfolio

Bloomberg BlackRock Inc and CleanCapital LLC bought a 46.9-megawatt portfolio of US solar power from a unit of ATN International Inc. The 60 projects are in California, Massachusetts and New Jersey, CleanCapital said in a statement. ATN’s Chief Financial Officer Justin Benincasa said in an email that the purchase price was $64.3 million. Including assumed debt of $55.5 million and ...

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Alibaba goes global to hit Singles’ Day record

Bloomberg Alibaba Group Holding Ltd. is looking beyond borders to turn its annual Singles’ Day shopping celebration into a global phenomenon. This Sunday, the Chinese internet giant is including sales from Lazada, the online shopping mall it controls. Southeast Asia’ biggest web retailer is becoming a key part of Alibaba’s plan to fuel growth, on top of the company’s efforts ...

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‘Bharti Airtel’s ratings may be downgraded to junk’

Bloomberg Bharti Airtel Ltd.’s rating has been placed on review for downgrade by Moody’s Investors Service on concern the cash flow generation at India’s second-biggest mobile phone carrier will remain weak. The Baa3 issuer and senior unsecured rating of the company has been placed on review for a cut, Moody’s said in a statement. The review also reflects Bharti Airtel’s ...

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