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Solar developers hoard panels as US tariff threat looms

Bloomberg Solar developers are suspending construction as the looming threat of US import tariffs has driven up prices and spurred hoarding, crimping panel supplies. “We’ve had roughly $500 million worth of work that we’ve had to put on hold,” said Scott Canada, who oversees renewable energy projects for McCarthy Building Cos. of St. Louis. “The supply of panels has just ...

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Saudi’s Savola to sell 2% stake in Almarai

DUBAI / Reuters Saudi Arabian food maker Savola Group, the country’s largest food products company, said on Wednesday that it is selling a 2 percent stake in Almarai, the Gulf’s largest dairy company for 1.12 billion riyals ($307.6 million). The sale was conducted through an accelerated bookbuilding process, which will cut Savola’s stake in Almarai to 34.52 percent from 36.52 ...

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Mexico expanding oil hedge as fuel prices float

Bloomberg Mexico will most likely expand its oil hedge marginally for 2018 as it liberalizes gasoline prices, while the cost for the government to protect crude exports against a drastic drop in prices will be about the same as for this year, Finance Minister Jose Antonio Meade said. The earthquake off Mexico’s coast last week should trigger a portion of ...

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