Bloomberg The Trump administration faces significant hurdles in getting the Federal Reserve to help rescue an oil industry squeezed by plunging crude prices given the central bank’s aversion to helping specific industries and its lack of authority to help businesses that are insolvent. The Fed regards loan programmes aimed at a specific industry as credit allocation — something Chairman Jerome …

Bloomberg India Grid Trust, an infrastructure investment trust backed by private equity fund KKR & Co and Singapore’s GIC Pte, is looking to add as much as $786 million of solar power projects to its portfolio and expects some financially stressed assets to become available in the wake of the coronavirus pandemic. The move is part of the firm’s plan …

Bloomberg The rebound in oil after a historic crash drove a surge in ETFs that track energy producers amid skeptical calls from analysts. State Street’s $2 billion SPDR S&P Oil & Gas Exploration & Production ETF, or XOP, has jumped about 40% so far in April — on track for its best month on record. Meanwhile, the $8.8 billion Energy …