Bloomberg Vinci SA’s move to buy a core business of Spain’s Actividades de Construccion y Servicios SA for about 4.9 billion euros ($5.8 billion) will turn the French infrastructure giant into a global player in renewable energies. The deal that was more than six months in the making expands Vinci’s reach into Spain and Latin America, according to a statement. …

Bloomberg India’s environment ministry delayed anti-pollution guidelines for coal-fired power plants further, extending the compliance deadline by as long as two years. Plants located close to populated cities, including capital New Delhi, will now have to meet the standards by December 2022, a seven-year extension from the original plan to cap toxic emissions, including particulate matter, sulfur dioxide and oxides …

Bloomberg KKR & Co agreed to pay $3.37 billion for a 20% stake in a Sempra Energy unit comprising the US company’s infrastructure assets, including a liquefied natural gas project and a Mexican renewables and pipelines operator. It’s the latest example of a broader push among US utilities eschewing diversification to focus on providing electricity and gas to homes and …

Bloomberg The French government and the European Commission have reached an agreement in principle on fresh financial support for Air France, which has been hurt by a drop in air travel since the start of the pandemic, Finance Minister Bruno Le Maire said. “It’s very good news for Air France, it’s very good news for the whole French aviation sector,” …

Bloomberg Delta Air Lines Inc said it’s cancelled about 100 flights due to a staffing shortage, and as a result will allow travellers to book middle seats on some planes a month ahead of plan. “Delta teams have been working through various factors, including staffing, large numbers of employee vaccinations, and pilots returning to active status,” a spokeswoman said in …

Bloomberg GameStop fell on Monday after the company said it may sell up to $1 billion worth of additional shares in an at-the-market equity offering program. Shares of the video game retailer declined more than 15% to $160.96 as of 7:19 am in New York. Jefferies will manage the offering of up to 3.5 million shares, according to a statement, …

Bloomberg US futures edged higher while most Asian stocks climbed as investors digested the unexpectedly strong jobs report. Bonds steadied from earlier losses. S&P 500 futures rise 0.1%, adding to last week’s gains when payrolls data showed US employers added the most jobs in seven months. Treasuries pulled back from a selloff last week, with the benchmark 10-year yield steadying …

Bloomberg The prospect of tax hikes may not have derailed gains in US stocks yet, but 100 years of data say the market is far from impervious to them. Stocks can take a hit when rates rise on corporations and individuals, according to Julian Emanuel, chief equity and derivatives strategist at BTIG LLC. He sees 13 such instances, most recently …

Bloomberg Japan’s Government Pension Investment Fund (GPIF), the world’s largest pension pot, considers the impact of its investments on markets and isn’t distorting the country’s stocks, said Hirohide Yamaguchi, the newly appointed chairman of the fund’s board of governors. Yamaguchi, a former deputy governor of the Bank of Japan (BOJ), said also that it was important to look at the …

Bloomberg Saudi Arabia raised prices for oil shipments to customers in its main market of Asia, signaling the kingdom’s confidence in the region’s economic recovery. The decision comes after the Opec+ cartel, led by the Saudis and Russia, agreed to boost daily crude production by more than 2 million barrels between May and July. Aramco, the Saudi state energy firm, …