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Saudi Binladin gets fresh payments from government

  Reuters Saudi Binladin Group (SBG) has received substantial payments from the Saudi Arabian government to settle debts since the start of this year, a boost to the struggling construction conglomerate and to the kingdom’s economy, banking sources said. SBG has received 2.4 billion riyals ($640 million) so far this year for its work on state projects including the King ...

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Greenlight ends bet on SunEdison’s TerraForms

  Bloomberg Greenlight Capital is no longer betting on SunEdison Inc.’s two TerraForm yieldcos, marking the end of another chapter in its bruising wager on the renewable-energy company. The New York-based hedge fund run by David Einhorn unloaded its remaining shares in TerraForm Power Inc. and TerraForm Global Inc. in the fourth quarter, according to data compiled by Bloomberg. It ...

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China mulls resuming coal output curbs for six months

  Bloomberg China, the world’s biggest producer and consumer of coal, is considering reinstating output restrictions to avoid the return of a glut after easing limits during winter. Shares in the coun- try’s coal miners jumped along with futures prices. The National Development and Reform Commission may resume mining curbs that cap output to an equivalent of 276 days of ...

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