Bloomberg Afghanistan will build its first 20-megawatt solar power plant in a bid to meet rising energy demand in a country that imports most of its electricity. The project in the capital will be funded by the Asian Development Bank, which is providing $45 million, according to a statement emailed. It will be built in the Naghlu area of Kabul’s ...

Bloomberg Brent crude slipped towards $63 a barrel before OPEC and its allies meet this week to discuss prolonging their output cuts beyond March. Futures dropped as much as 1.2 percent in London, extending Monday’s decline. Uncertainty over the outcome of Thursday’s meeting is creating the risk of a slide in prices, which have gained on assumptions that the curbs ...

Bloomberg Senator Ted Cruz may want to spotlight a new victim in the King Corn versus Big Oil tussle: US motorists. The Texas Republican took up arms for fuel makers after President Donald Trump upheld the Renewable Fuel Standard, the 12-year-old rule that forces refiners to either mix biofuels in with their gasoline and diesel or buy credits. Despite the ...

Bloomberg SoftBank Group Corp. and a group of investors are trying to buy a stake in Uber Technologies Inc. at a sizable discount to the company’s $69 billion valuation, seeking to clinch what would be one of the largest purchases of stock in a private company. SoftBank and partners including investment firms Dragoneer Investment Group and General Atlantic are offering ...

Bloomberg Gaw Capital Partners and Goldman Sachs Group Inc. are part of a consortium buying a portfolio of shopping malls in Hong Kong from Link Real Estate Investment Trust for HK$20 billion to HK$25 billion ($2.6 billion to $3.2 billion), according to people familiar with the matter. Gaw will be the largest investor in the deal, while Goldman Sachs will ...

Bloomberg Property developers’ shares have beaten every industry group in India this year, drawing criticism from some analysts who say the gains are overdone. V. Srivatsa, a fund manager at the $23 billion UTI Asset Management Co., sees it differently. There’s more juice left in real-estate stocks as steps taken by the government to aid the industry that was one ...

Bloomberg Hong Kong is eroding Singapore’s home advantage. Fourteen companies based in the Southeast Asian city have chosen to list on their home stock market this year, compared with 13 on the bourse operated by Hong Kong Exchanges & Clearing Ltd., according to data compiled by Bloomberg. That’s the biggest Singapore contingent in the North Asian city in at least ...

Bloomberg Anglo-Dutch consumer-goods giant Unilever wants to consolidate its headquarters in the UK or the Netherlands, but Brexit is making it harder to choose. The maker of Ben & Jerry’s ice cream and Dove soap said in a statement that a review of the dual structure is “progressing well,” after CEO Paul Polman told the Financial Times he would advocate ...

Bloomberg Doctor-appointment booking startup Doctolib SAS has raised 35 million euros ($42 million) in new funding as it seeks to become the biggest provider of scheduling software to health-care professionals in Europe. Doctolib, which raised 26 million euros in January, is now valued over $200 million, according to a person close to the fund raising. Eurazeo SA, an investment firm ...

Bloomberg London homes are less affordable than ever before, despite slowing price growth and government attempts to cut the cost of housing for first-time buyers. It now costs the average Londoner 14.5 times their annual salary to purchase a home, the highest level on record, according to a report by researcher Hometrack. Cambridge, Oxford and the English seaside town of ...