July, 2017

• 30 July

  Energy Capital in talks to buy Calpine

  

  Bloomberg Energy Capital Partners, the private equity firm that owns the largest stake in US power generator Dynegy Inc., is now in advanced talks to buy its rival Calpine Corp., according to people familiar with the matter. Energy Capital may announce a deal to buy the Houston-based company as soon as next week, said the people, who asked not to ...

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• 30 July

  Solar energy boost in N Carolina sends wind to the sidelines in US

  

  Bloomberg North Carolina passed a clean-energy bill that could spur a wave of new solar projects in the country’s second-biggest solar state — but at the expense of wind. House Bill 589, which Governor Roy Cooper has signed, places a moratorium on new wind development through December 2018. The law creates a competitive bidding process that will bring more than ...

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• 30 July

  Trump may have to boost biofuel as court deals blow to oil

  

  Bloomberg The Trump administration may have to reconsider its proposal from earlier this month to curb biofuel use after a US appeals court in Washington ruled that the Environmental Protection Agency doesn’t have the authority to cut quotas while citing inadequate domestic supply. The unanimous ruling by a three-judge panel comes amid conflicting legal challenges to actions taken by the ...

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• 30 July

  Charter continues talks over SoftBank’s Sprint plan

  

  Bloomberg Charter Communications Inc. is cool to Japanese billionaire Masayoshi Son’s proposal to combine with his Sprint Corp., though talks remain active, according to a person familiar with the matter. Son, who is Sprint Corp.’s chairman, proposed a cash and stock merger of his money-losing wireless company with Charter, people familiar with the matter said, asking not to be identified ...

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• 30 July

  Apple removes VPN apps in China for not abiding local rules

  

  Bloomberg Apple Inc. has removed some virtual private network applications from its stores in China, a move that could block users ability to bypass a local web firewall and access overseas sites. “We have been required to remove some VPN apps in China that do not meet the new regulations,” Carolyn Wu, Apple’s China spokeswoman told Bloomberg in an emailed ...

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• 30 July

  Japan’s inflation stalls at 0.4% even as job market tightens

  

  Bloomberg Japan’s key price gauge was unchanged in June, helped by rising power costs. The tight labour market may also start to help inflation, which remains far from the central bank’s 2 percent target. Highlights of Data Core consumer prices, which exclude fresh food, increased 0.4 percent in June from a year earlier (estimate +0.4 percent). Excluding fresh food and ...

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• 30 July

  Demonetization enriches India’s richest banker

  

  Bloomberg At least one winner has emerged from India’s crackdown on so-called black money: the country’s richest banker. Uday Kotak, billionaire chairman of Kotak Mahindra Bank Ltd., is reaping broad benefits as the government’s efforts to withdraw the biggest bills from circulation pushes savings into the formal financial sector — including his group’s banking, insurance, brokerage services and asset management ...

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• 30 July

  Forget casinos, Singapore’s Indian tourists are in for some cruising

  

  Bloomberg When Indian architect Rahul Maini and his parents embarked on their first trip abroad in May, Singapore was their destination of choice. But the trio wasn’t going for the hawker food or even the city-state’s casinos — they were there to get on a ship. The equatorial island has become a flourishing entry point for Indian cruise-ship passengers, bolstering ...

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• 30 July

  Can we die in peace?

  

  For those of us who had hoped that American attitudes towards death were shifting in ways that would promote a wider reconstruction of the health care system, there’s discouraging news from Health Affairs, the pre-eminent journal of health policy. It devotes its latest issue to ‘end-of-life’ care and finds that —at least so far —the power to make health care ...

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• 30 July

  India’s bulls are not tiring yet

  

  An equity culture is growing in India, propelling benchmark indices BSE Sensex and Nifty 50 to a record bull run. Now beware a turning of the tide. For years, the market was a playground for foreign institutions. Since 2014, domestic investors bought $28 billion net of stocks, matching overseas buyers’ $30 billion inflow. Unlike China’s mom-and-pop day traders, Indian households ...

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