Bloomberg Obuv Rossii, a Russian shoe retailer backed by billionaire Brooklyn Nets owner Mikhail Prokhorov, is seeking to raise as much as $120 million in an initial public offering, according to a person familiar with the matter. The company may offer a stake of as much as 40 percent on the Moscow Exchange in October and use the proceeds to …

Bloomberg Europe’s wind power industry may attract 351 billion euros ($417 billion) of investment by 2030 if countries adopt reforms and targets for their energy systems in the next year, trade association WindEurope said. The European Union may create 716,000 jobs with a target for member states to produce 35 percent of their energy from renewables within 12 years, the …

SINGAPORE / Reuters Oil prices may rise to $60 a barrel by the end of this year or by early 2018 as OPEC and non-OPEC producers are expected to extend supply cuts beyond March, while oil inventories continue to decline, a former Saudi energy ministry official said in Washington. “With the current arrangement and commitment of major producers, and their …