Bloomberg Suzlon Energy Ltd. reported its lowest quarterly profit in a year as India’s support for auction mechanism to build wind energy projects slowed orders. The profit of $7.65 million during the usually quiet fiscal first quarter compared with a loss of 2.6 billion rupees in the year-ago period, according to a filing to the Indian stock exchange. The previous ...

Bloomberg Over in Asia’s booming dollar-bond market, there are two notable absentees: Thailand and the Philippines. The two countries are missing out on the rush to dollar-denominated debt, instead relying on their domestic fixed-income markets and lending from banks— something that’s unlikely to change anytime soon. Issuance from Thailand and the Philippines combined stands at a paltry $3.7 billion, compared ...

Bloomberg Zai Lab Ltd., a Chinese drug developer working on cancer treatments, has picked banks to arrange a planned US initial public offering that could raise about $150 million, people with knowledge of the matter said. The Shanghai-based biopharmaceutical company, started by former Pfizer Inc. senior scientist Samantha Du, is working with Citigroup Inc. and JPMorgan Chase & Co., according ...