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Polluting giant to triple its clean-energy capacity

Bloomberg Central Europe’s third-largest polluter plans to almost triple its clean-energy capacity as emission costs surge. Tauron Polska Energia SA is preparing to add at least 700 megawatts of clean, regulated power to “improve” its portfolio after carbon permits almost tripled over the past year, Chief Financial Officer Marek Wadowski said. That’s the equivalent of half a modern nuclear reactor ...

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China mortgage bond rush spurs $44 billion structured debt sales

Bloomberg With China’s economy slowing, banks under pressure to help invigorate growth are rushing to make room on their balance sheets for new lending. That’s unleashed a boom in a corner of the nation’s credit markets. Structured debt sales in China’s interbank bond market jumped in the last quarter to a record 300 billion yuan ($44 billion). Residential mortgage backed ...

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Hong Kong’s $4 billion border project delayed until mid of next year

Bloomberg A $4 billion border crossing between Hong Kong and Shenzhen will be delayed until the middle of next year as a key contractor, Leighton Contractors (Asia) Ltd., encounters problems, the South China Morning Post reported. The border control point in the northeastern New Territories was due to be finished this year, the SCMP reported on Sunday. Hong Kong’s government ...

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