Bloomberg Quebec’s energy minister, who met with New York officials this week, sensed “genuine interest” from the state in importing hydropower from the Canadian province. Pierre Arcand is hopeful that Hydro-Quebec, Canada’s biggest electric utility, can reach a deal by the end of this year to supply power to New York under a long-term contract, he said in an ...

  Bloomberg Egypt’s Palm Hills Developments SAE expects a jump in sales this year, even as a currency flotation and rising inflation put the nation’s property market under strain. The luxury real estate developer is aiming for about 8.5 billion Egyptian pounds ($450 million) of contracted sales and plans to deliver some 2,000 units in 2017, Chairman Yasseen Mansour said ...

  Bloomberg Seeking new ways to market their product, producers of liquefied natural gas are turning to an age-old technique: packaging. As demand for electricity booms in developing nations from South Africa to Chile, LNG producers are offering to supply both fuel and a power plant in partnership agreements that can lock in consumption of their product for years. For ...

  Bloomberg Apple Inc. is willing to start making iPhones in India, but it wants a big helping hand from Narendra Modi’s government first. The Cupertino, California-based company is scheduled to meet with officials in New Delhi next week to discuss the prospects for setting up manufacturing facilities in the country this year. Apple, the most valuable company on Earth, ...

  Bloomberg Transport, deliveries and eateries spurred the first acceleration in Chinese economic growth in two years last quarter, highlighting the robust expansion of new drivers and the underlying risks in real-estate since the introduction of policy curbs to halt property speculation. Carriers, warehousing and delivery output rose 9.9 percent from a year earlier in the fourth quarter, the National ...

  Bloomberg Billionaire Wang Jianlin’s property-to-entertainment conglomerate is weighing a push into private health care in China, tapping into a rapidly growing multi-billion dollar industry in the country. The chairman of Dalian Wanda Group Co. is considering setting up a chain of hospitals, he told Bloomberg News Editor-in-Chief John Micklethwait during a panel at the World Economic Forum in Davos, ...

  Bloomberg Australia’s government sold A$9.3 billion ($7 billion) of notes maturing in December 2021, its biggest-ever bond transaction. The offering was snapped up by investors even as doubts swirl about the country’s top credit rating and the government’s ability to rein in its budget deficit. While credit assessors refrained from taking any action following December’s mid-year budget update, S&P ...

  Bloomberg Apple Inc. sued Qualcomm Inc., accusing it of monopolizing the market for chips for wireless devices and withholding $1 billion in retaliation for cooperating with South Korean antitrust authorities. Apple is demanding Qualcomm hand over money that was supposed to be a rebate for licensing fees. Qualcomm is holding back the money as punishment for Apple cooperating with ...

  Bloomberg Toyota Motor Corp. and Nissan Motor Co. say they’ll keep making cars in the UK despite Prime Minister Theresa May’s plan to leave the European Union’s single market, which could make exporting from British factories less lucrative. May’s Brexit plan won’t derail Nissan’s commitment to build new versions of its Qashqai and X-Trail sport utility vehicles at its ...

  Bloomberg Sales of London homes under construction last year dropped to the lowest level since 2012, leaving developers with a record number of unsold properties. Purchases of homes currently being built fell 22 percent to 20,695 from a year earlier, according to a report by Molior London seen by Bloomberg. The number of unsold properties that are under construction ...