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 Chinese investment in Australia plunged 40 percent in 2017 from the year before, according to research released on Monday. After peaking in 2016 at A$14.9 billion ($10.5 billion), investment from Chinese companies last year slumped to A$8.9 billion, according to the Australian National University database. In 2017, Chinese deals in Australia’s mining sector accounted for just over half of ...

Bloomberg Malaysian contractors are plunging as the government intensified its efforts to rein in spending by reducing the cost of an almost $14-billion mass-rapid transit project. Shares of Gamuda Bhd. slid by a record and MMC Corp. fell to the lowest in nine years, after the Finance Ministry rejected an offer from the MMC-Gamuda consortium to build an underground portion ...

Bloomberg Shares of Indian non-bank financiers plunged on concern the fastest pace of growth since 2013 is at risk of foundering. Dewan Housing Finance Corp., JM Financial Ltd. and Edelweiss Financial Services Ltd. are among non-bank lenders that slumped more than 15 percent as of 2:40 p.m. in Mumbai on Monday. A spate of money market defaults by Infrastructure Leasing ...

Bloomberg A North Korean hacking group focused on financial gain for the rogue state has penetrated banks around the world with a series of ongoing attacks, and has tried to steal at least $1.1 billion over the last four years, according to a new tally by cybersecurity firm FireEye Inc. The group, which FireEye identified as APT38, has infiltrated more ...

Bloomberg Consumer prices in the Philippines rose at the fastest pace in more than nine years in September, with central bank Deputy Governor Diwa Guinigundo pledging a “strong tightening bias.” Inflation accelerated to 6.7 percent from 6.4 percent in August, the Philippine Statistics Authority said in Manila. That compared with the 6.8 percent median forecast of economists in a Bloomberg ...

Bloomberg President Donald Trump’s attempt to wield US economic strength as a weapon against foreign adversaries is being tested as the Treasury Department struggles to contain the fallout from its sanctions against the world’s second-largest aluminum producer. The financial penalties imposed on Russia’s United Co. Rusal in April were intended to punish its majority owner, billionaire Oleg Deripaska, as well ...

Bloomberg A UK lawsuit filed against Google by millions of iPhone users over data-collection claims was thrown out by a London judge. The group, known as Google You Owe Us, were seeking as much as 3.2 billion pounds ($4.2 billion), according to documents filed with the court in May. The organisation, which represents more than 4 million people, said the ...

Bloomberg Services firms in the UK are giving up on attempts to hire new staff as business confidence plummets ahead of the nation’s impending exit from the European Union, the British Chambers of Commerce said in its quarterly economic survey. The percentage of service firms attempting to recruit is at its lowest level in quarter of a century, and even ...