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Hong Kong’s CLP to diversify, expand in India

Bloomberg Hong Kong’s largest power utility CLP Holdings Ltd. is scouting for more renewable power projects in India at a time when conventional generators are coping with stranded projects and under utilisation. CLP India Pvt. is eyeing run-of-the-river hydro power projects, solar and wind capacities as well as efficient coal-based power generation units located near coal mines, which helps to ...

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Singapore property stocks jump as big sales buoy sentiment

Bloomberg Shareholders of Singapore developers have another reason to rejoice: en-bloc sales are at a ten-year high, according to some estimates. A spate of en-bloc sales this week, or redevelopment deals in which a group of owners band together to sell apartment blocks at a hefty premium, has buoyed market sentiment that the property sector is poised for a rebound. ...

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Gold rises as N Korea prepares for missile test

Bloomberg Investor angst over Kim Jong Un is helping gold get its groove back. Bullion rose, trimming a weekly loss, after Russia’s state news service quoted Russian legislator Anton Morozov as saying North Korean officials are planning a new test soon of a missile capable of reaching the US West Coast. Geopolitical tensions are reviving haven demand for the precious ...

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