Bloomberg The first major utility to embrace green power is cultivating its roots as a grid operator to insulate it from new rivals seeking a foothold in the electricity business. Iberdrola SA’s Chief Executive Officer Ignacio Galan said selling power directly to environmentally-conscious companies and running grids that earn a predictable return are at the heart of the strategy for ...

Bloomberg Chesapeake Energy Corp’s agreement to sell shale assets in Ohio for about $2 billion boosted the natural gas producer’s shares as it moves to whittle down debt. The deal announced with closely held Encino Acquisition Partners is Chief Executive Officer Doug Lawler’s biggest in 3 1/2 years. After Chesapeake said almost all of the proceeds will be used to ...

Bloomberg The biggest technology shares fell for a third day as investors showed signs of exhaustion with the sector amid a slew of corporate earnings. Government bonds declined ahead of key policy meetings from some of the world’s biggest central banks. The Nasdaq 100 Index sank almost 1 percent as the FANG cohort tumbled 2.2 percent, led by Netflix Inc. ...

Bloomberg Iran’s rial tumbled to another historic low, resisting government efforts to shore up the economy as the restoration of US sanctions looms. In an effort to signal they’re taking action to fight profiteering and cushion the blow of the US economic offensive, authorities have rounded up more than two dozen merchants who they say exploited government currency measures for ...

Bloomberg BMW AG and Daimler AG are facing more pain in China after higher tariffs on US-imported cars force price hikes and consumers hold back on their next purchase. BMW, which like Daimler AG ships US-made sport utility vehicles to China, said it will join Tesla Inc. in raising prices in the Asian country. The steeper charges are a result ...

Bloomberg The Indonesian government is seeking to boost coal exports and increase foreign exchange earnings by scraping an obligation on miners to supply domestic power stations, according to a senior minister. The proposal, which will be discussed in a cabinet meeting on Tuesday, can generate an additional $5 billion annually in export proceeds, Coordinating Minister for Maritime Affairs Luhut B. ...

Bloomberg Amidst the hand-wringing over escalating US-China trade tensions, Taiwanese electronics producer New Kinpo Group is rejoicing. Chief Executive Officer Simon Shen said inquiries about New Kinpo’s plants in Thailand and in the Philippines, where its unit Cal-Comp Technology plans a public listing this year, are increasing. New Kinpo has 28,000 workers in the two Southeast Asian countries — thrice ...

Bloomberg Indian companies have been involved in deals worth a record $97.6 billion this year. Top banker JPMorgan Chase & Co. is predicting more offshore interest in the nation, particularly in technology, media and telecom. Walmart Inc.’s $16 billion acquisition of a majority stake in Indian e-commerce company Flipkart Online Services Pvt. Ltd. — a deal JPMorgan advised — has ...

Bloomberg China’s vaccine scandal is sparking protests and panic among parents, with the revelation two drugmakers sold poor-quality vaccines for infants reviving anxiety over the country’s ability to ensure safety in the world’s second-biggest healthcare market. Demonstrators gathered outside the National Health Commission in Beijing on Monday, according to videos posted on Twitter, demanding tougher regulation of vaccine sales in ...

Bloomberg Greece is planning a return to the markets in a bid to regain its status as a “normal” country. If the government can announce by the end of the year its program for tapping the markets in 2019, and repeat this exercise each year for the following 12 months, the plan will have worked, an official familiar with the ...