Bloomberg China’s green light to build more coal-fired power plants probably won’t usher in a flurry of new construction as most policies and investments in the top energy user will tilt towards renewable sources. More than 10 regions will be freed of their overcapacity tag in 2022, clearing a hurdle for them to resume building coal-fired plants. But many of ...

Bloomberg The Trump administration released rules for a tax break designed to encourage economic development in distressed areas throughout the US by making it easier to invest in businesses and real estate in low-income communities. Wall Street banks, private equity firms, real estate developers and others have been eagerly awaiting the regulations, which the administration said will spur $100 billion ...

Bloomberg Blackstone Group LP plans to convert to a corporation from a publicly traded partnership, a step that opens up the stock for inclusion in indexes, after watching two rivals benefit from the move. The shares jumped in early trading. Changing company’s structure will increase the firm’s “ability to reach a dramatically larger audience,” Chief Executive Officer Stephen Schwarzman, said ...