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 ...

Department stores have been under some pressure to split off their e-commerce operations. It’s an idea that should be left on the shelf. Macy’s Inc has felt the push from activist investor Jana Partners LLC, but says it won’t spin off its e-commerce business. A demerger at Kohl’s Corp is off the agenda because the company is more focused on ...

Bank stocks have tumbled more than most since Russia’s unprovoked invasion of Ukraine — and not just in Europe. Shares in big US banks have also fallen about twice as much as the S&P 500 in percentage terms in the past month. Investors aren’t just worried about loans into Russia and Ukraine: Direct exposures look manageable for even the handful ...

  An immensely brave Ukrainian army, aided by civilians equipped with Molotov cocktails and small arms, is vastly outmatched by Russian armed forces. Nato countries are trying to help by providing more weapons: rifles and machine guns from the Czechs, missile-launchers from the Dutch, antitank missiles from the Estonians, munitions and more antitank weapons from the United States. Even Germany, ...

  Prime Minister Narendra Modi’s Bharatiya Janata Party has cemented its grip on national politics with its excellent showing in state elections, particularly in India’s most populous state of Uttar Pradesh. The BJP’s stranglehold on power in New Delhi is based on its strength in the north and west of India. UP, as it is called, is the biggest prize ...

  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. ...