New Delhi / Bloomberg India plans for the first time to include energy storage as a requirement when a solar project is tendered this month, opening what could become a significant new market to battery makers such as Tesla Motors Inc., Samsung SDI Co. and Panasonic Corp. The state-owned Solar Energy Corp. of India, which is responsible for implementing the ...

Bloomberg Consumer prices in the U.S. excluding food and fuel climbed more than forecast in February for a second month, adding to signs inflation is moving closer to the Federal Reserve’s target. The overall cost of living fell amid cheaper fuel. The so-called core measure, which strips out volatile food and fuel, rose 0.3 percent from a month earlier, the ...

Bloomberg The Colombian peso dropped with oil as Morgan Stanley said that measures to tackle the current account deficit and inflation will end up lowering growth. The currency, which last week rose to the highest level since November, dropped 0.8 percent to 3,177.58 per U.S. dollar at 11:37 a.m. in Bogota. Oil, the country’s biggest export, fell from a three-month ...

Bloomberg Brazil’s national unemployment rate in 2015 rose to its highest since the data series began three years earlier, piling pressure on President Dilma Rousseff who was a prime target in one of the nation’s largest protests ever on Sunday. The unemployment rate in 2015 averaged 8.5 percent, up from 6.8 percent the prior year, according to data released by ...

Bloomberg Lawmakers in Argentina’s lower house of Congress voted on Wednesday to approve a bill that seeks to end a 15-year legal battle with disgruntled creditors from the 2001 default which would pave the way for the nation to return to international capital markets. Lawmakers voted 165 for and 86 against to support a package of measures that calls for ...

Bloomberg Of the 40 million people who climbed into Brazil’s middle class during the boom years of the previous decade, almost one in 10 has already slid back down. Marco Antonio dos Santos Correia fears he may be next. The 51-year-old trucker bought his vehicle and Rio de Janeiro apartment using borrowed cash, joining the millions of other Brazilians who ...

Sen. John Cornyn recalls visiting a Texas prison where some inmates taking shop classes could not read tape measures. Cornyn, who was previously a district court judge and Texas Supreme Court justice, knows that prisons are trying to teach literacy and vocations, trying to cope with the mental illnesses of many inmates and trying to take prophylactic measures to prevent ...

The EU-Turkey migrant draft deal touted last week as a breakthrough to settle the current refugee crisis faces difficulties, as some EU member states voiced resentment over Ankara’s demands, with Paris and Prague branding Turkey’s approach ‘Blackmail”. EU and Turkish leaders had agreed on a tentative plan that would see new migrants landing in Greece sent back to Turkey. For ...

What should the U.S. government do to fight recessions? What should it do to fight slow growth? This is the eternal question of so-called countercyclical policy. The two mainstream ideas are fiscal and monetary stimulus. The fiscal version works by having the government borrow and spend money, either on useful things like infrastructure, or by simply mailing people checks. The ...

On Monday, Malaysia’s defense minister Hishammuddin Hussein suggested if reports that China is placing military assets in the Spratlys are true, it would force the Southeast Asian state into a “pushback” against China. “If the reports we’ve received from various sources regarding the buildup and placement of military assets in the Spratlys are true – this forces us in a ...