Bloomberg China Three Gorges Corp is exploring an initial public offering of its Brazilian unit as the Chinese energy giant seeks to raise funds for expansion in Latin America, according to people familiar with the matter. The Chinese state-owned company has held talks with prospective advisors to prepare for the potential share sale in Sao Paulo, which could raise ...

  Bloomberg Indonesia, the world’s top coal exporter, is exploring new markets outside its typical strongholds in Asia-Pacific as buyers seek alternatives to Russian supplies after its invasion of Ukraine. Miners have been contacted by buyers in some Western and European countries as a substitute for Russian supplies, Hendra Sinadia, deputy executive director of the Indonesian Coal Mining Association, said ...

  Bloomberg The head of South Africa’s state power utility held discussions with the World Bank as it explores options for transitioning from coal-fired stations to cleaner sources of energy. Eskom Holdings SOC Ltd CEO  Andre de Ruyter travelled to the bank’s headquarters for the talks. The power utility supplies more than 90% of the country’s electricity, the bulk of ...

  Bloomberg Off-the-cuff remarks made by a Russian air-safety official, quickly disavowed by the nation’s industry watchdog, have added to the uncertainty over the fate of some $10 billion in foreign-owned aircraft being held in the country. Valery Kudinov, who heads airworthiness maintenance at Russia’s Federal Air Transport Agency, outlined what appeared to be a plan taking shape for the ...

  Bloomberg United Airlines Holdings Inc will allow 2,200 unvaccinated employees to return to their jobs this month, saying there are signs that the Covid-19 pandemic is “beginning to meaningfully recede.” Workers who were granted religious or medical exemptions and put on unpaid leave can resume working on March 28, Kirk Limacher, United’s vice president of human resources, said in ...

  Bloomberg US airlines will likely recover a surge in fuel costs from customers amid a robust desire for travel, according to the president of Sun Country Airlines Holdings Inc. The industry “takes time” to pass along pricier fuel into higher airfares but will do so in the coming months by reducing the amount of flying available, Dave Davis said. ...

  Bloomberg Brazil’s Natura &Co delivered an unexpected margin expansion in the fourth quarter, dealing a blow to skeptics who question whether the cosmetics maker can become a global beauty powerhouse. The firm, which acquired Avon Products Inc less than three years ago and is also the owner of the Natura, Body Shop and Aesop brands, saw its adjusted Ebitda ...

  Bloomberg Airlines in Africa’s largest economy warned of possible flight disruptions in the coming days because of a scarcity of aviation fuel. “Unfortunately the fuel scarcity is starting to seriously impact our operations,” Air Peace, one of Nigeria’s biggest carriers, said in a statement. “We are likely to experience flight disruptions today and in the coming days until the ...

  Bloomberg Air traffic is picking back up, but Boston Logan International Airport remains at only about 80% of its prepandemic volume, and business travel is especially slow to return, said the chief of the Massachusetts Port Authority. Normally, Logan’s traffic is about 60% leisure and 40% business, Massport Chief Executive Officer Lisa Wieland told Bloomberg Radio. These days, it’s ...

  Bloomberg China’s credit expansion slowed as a long holiday and the slumping housing market meant people and companies borrowed less, raising expectations that the central bank will need to do more to support growth. Banks lent 1.2 trillion yuan ($194 billion) in the month, down from 4 trillion yuan in January and less than in February last year, the ...