Bloomberg First, Brazil cancelled plans for one of its two planned energy auctions this year because the weak economy is dragging down demand for power. Now that event is back on the schedule and the government may organize a third, because the same economic factors are delaying power projects already under development. The size of the auctions hasn’t been ...

  Reuters Bahrain-based Investcorp is aiming to make one to two new investments in the next year in each of its regions of the United States, Europe and the Gulf, Co-Chief Executive Rishi Kapoor said on Thursday. The investments will help contribute to Investcorp’s goal of more than doubling its assets under management in the next five to seven years ...

  Bloomberg Democratic presidential nominee Hillary Clinton and her husband, former president Bill Clinton, earned adjusted gross income of $10.6 million in 2015 and paid $3.6 million in federal income taxes, according to a tax return her campaign released as it sought to draw a contrast with her Republican rival, Donald Trump. Their income would place the Clintons well within ...

  Bloomberg President Nicolas Maduro raised Venezuela’s minimum wage 50 percent and announced that his oil and foreign ministers will visit producer countries to lobby for price increases ahead of an informal OPEC meeting next month. The wage increase becomes effective Sept. 1, Maduro said, and applies to all workers earning minimum wages and all public employees, members of the ...

  New York / AFP Millions of Americans will spend the weekend hot under the collar as soaring East Coast temperatures and stifling humidity slapped excessive weather warnings on New York and Philadelphia. The combination of heat and humidity would make it feel as hot as 110 degrees Fahrenheit (43 degrees Celsius) in the two cities. Temperatures would stay in ...

  London / AFP The British government pledged on Saturday to match European Union funding for farmers, universities and infrastructure projects following Brexit, as it sought to allay fears over key sectors. The commitment, intended to address uncertainty arising from the June 23 vote to quit the bloc, could cost £4.5 billion a year, finance minister Philip Hammond said. The ...

  New Delhi / Bloomberg State Bank of India, the country’s largest lender by assets, climbed to an eight-month high in Mumbai stock trading as the firm reported a smaller increase in soured debt than expected in the first quarter. Bad loans as a percentage of total lending rose 44 basis points since March to 6.94 percent by June, the ...

  Singapore / Bloomberg The recent drubbing in Singapore bank stocks is turning Southeast Asia’s biggest lenders into bargains for money managers including Aberdeen Asset Management Plc. DBS Group Holdings Ltd. lost S$3.6 billion ($2.7 billion) in market value in seven days from July 28 when its client Swiber Holdings Ltd. signaled it was in financial trouble. DBS’s two smaller ...

  Bloomberg Kenyan lawmakers are threatening to overrule President Uhuru Kenyatta if needed to force the country’s banks to lower their lending rates. The country’s parliament on July 28 approved a bill that will limit the amount of interest banks can charge on loans, with the proposal only needing Kenyatta’s signature to become law. The proposals jolted lenders into signing ...

  La Paz / AFP Banco Bradesco SA, Brazil’s second-biggest bank by market value, named former executives of HSBC Holdings Plc’s local unit to new leadership positions as its acquisition of the business last month expands the investment-banking team 20 percent. Ricardo Lanfranchi, former head of Brazil equity sales for HSBC, is now global head of equities and derivatives for ...