Bloomberg Reliance Communications Ltd. soared in Mumbai trading after it settled a payment dispute with the local unit of Ericsson AB, allowing the debt-laden phone operator to proceed with a planned asset sale to Reliance Jio Infocomm Ltd. and possibly stave off insolvency. RCom, as the company is known, advanced 6.6 percent to close at 18.65 rupees in Mumbai after ...

Bloomberg Spain’s Grupo Barcelo is considering an offer for HNA Group Co.’s $780 million stake in NH Hotel Group SA, people familiar with the matter said, setting up a potential challenge to Minor International Pcl’s pursuit of the hospitality operator. Closely held Barcelo is working with advisory firm Alantra Partners SA as it weighs a bid for the Chinese conglomerate’s ...

Bloomberg President Donald Trump ordered his energy secretary to take immediate action to stem power plant closures, arguing that a decline in coal and nuclear electricity is putting the nation’s security at risk. “Impending retirements of fuel-secure power facilities are leading to a rapid depletion of a critical part of our nation’s energy mix and impacting the resilience of our ...