Bloomberg Macquarie Group Ltd. has agreed to invest in a wind and solar power development in Australia’s Pilbara region, which will provide electricity to mines and mineral processing operations in the region. The Asian Renewable Energy Hub has also increased its planned generation capacity to more than 11 gigawatts, from 9 gigawatts, according to a statement on Monday on the …

Bloomberg The run-up to $100 oil is giving some investors pause.This year’s longest buildup of hedge-fund bets on higher Brent crude prices is faltering, with bulls retreating for the first time in six weeks. After fears of dramatic shortfalls from Iran sent the global benchmark on a tear and triggered speculation that it will reach three digits, the rally is …

Bloomberg US equity futures fell with European shares as fresh concern about Italy’s defiance of EU officials added to an already gloomy mood across stocks, with those in China tumbling after a one-week vacation ended. The dollar rose as Treasuries took a holiday before a busy week of debt sales. Oil companies and banks led the Stoxx Europe 600 Index …

Bloomberg If the Federal Reserve tightens US monetary policy too far, investors in the bull market’s biggest winners will feel the pain first, according to Bank Julius Baer & Co. That’s tech stocks. Strong economic growth will encourage the Fed to keep raising interest rates, even if the tightening sucks out more liquidity than financial markets can tolerate, said Yves …

Bloomberg As concerns from bank investors go, “peak profitability” seems an unusual one. But as the biggest US banks report results that analysts estimate will set a new high for profitability this decade, shareh-olders are wondering: is this as good as gets, or is Jamie Dimon right that banks are entering a golden age. “The quarter will be fine,” Susan …

Bloomberg UBS Group AG goes on trial in Paris on Monday accused of encouraging rich clients to stash cash overseas to evade French taxes by deploying tactics “worthy of James Bond.” The Zurich-based lender dispatched bankers across the border to seek out new clients even though they lacked the paperwork — a banking license or European passport — to offer …

Bloomberg Morgan Stanley is remodeling. About 1.2 million square feet (111,000 square meters) of office space will get an overhaul in the next 15 months to put technology experts closer to brokers, traders and bankers, the firm’s head of technology, Rob Rooney, said in an interview. After changes to wealth-management operations, tra- ding floors, investment-banking offices and space tied to …

Bloomberg The economist tipped to be Mexican President-elect Andres Manuel Lopez Obrador’s first central bank board nominee said he expects policy makers to cut the key interest rate starting next year given the outlook for slowing inflation and growth. Policy makers have room to ease even as the Federal Reserve tightens, Jonathan Heath, a former chief economist at HSBC Holdings …

Bloomberg Bonds traders were fast to cheer the Reserve Bank of India for keeping rates on hold. The gains may prove fleeting. While the central bank surprised by keeping borrowing costs unchanged, it changed its stance to “calibrated tightening” from neutral, signaling more hikes lie ahead. Add to that concerns about soaring oil prices and the tumbling rupee, investors are …

Bloomberg South Africa will strive to allow competition into its banking system in a way that won’t threaten the stability of the industry as more and more entrants seek to rival the nation’s biggest lenders, said Kuben Naidoo, the chief executive of the Prudential Authority. While many new banking licenses are expected to be granted, these would be done within …