Bloomberg A unit of GCL-Poly Energy Holdings Ltd defaulted on a $500 million bond after ending an exchange offer with existing bondholders. GCL New Energy Holdings Ltd announced the default in a Monday exchange filing. The firm, which operates solar power plants, is majority owned by GCL-Poly, one of the world’s leading makers of solar-grade polysilicon, and whose shares have …

Bloomberg Indian firms are returning to the liquefied natural gas (LNG) spot market as prices for the fuel recede from record-high levels. Importers including Indian Oil Corp and Petronet LNG Ltd have issued at least eight tenders seeking supplies for February to March delivery in the last two weeks. So far, four of them have been awarded. Most end-users stopped …

Bloomberg UK lenders approved more mortgages in 2020 than in any year since before the financial crisis, as house hunters sought to take advantage of a temporary tax cut. The stamp duty holiday, which allows buyers to save as much as 15,000 pounds propelled the housing market into high gear even as the coronavirus crisis sent the wider economy into …