Bloomberg Chinese state-backed investment fund CNIC Corp is considering purchasing about a 10% stake in Greenko Group, one of India’s largest renewable energy companies, according to people familiar with the matter. Greenko, whose backers include Singapore sovereign fund GIC Pte has been seeking to raise around $800 million by introducing a long-term investor, said one of the people. The Indian ...

Bloomberg UK consumers scaled back their unsecured borrowing in February as the country battled flooding and the start of the coronavirus update. Loans to households rose just 877 million pounds ($1.09 billion) from January, when they rose 1.1 billion pounds, the Bank of England said in a report. At the same time, mortgage approvals jumped to 73,546, the most since ...

Bloomberg Economic sentiment in the euro area plunged the most on record after the furious spread of the coronavirus forced businesses in vast parts of the region shut and prospects dwindled that life will return to normal any time soon. The European Commission reading — following similarly downbeat reports out of the region’s biggest economies — comes at the end ...