May, 2017

• 9 May

  Higher power bills for Germans on exit from nuclear energy

  

    Bloomberg Germans already footing the second-highest electricity bills in Europe may face even higher costs from the country’s decision to exit nuclear power early next decade. While there’s no risk of blackouts, costs could rise if transmission gaps emerge, according to Germany’s Bnetza regulator. Europe’s biggest power market is closing its last atomic plants in 2022 and is counting ...

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• 9 May

  Oil holds gains as US crude stockpiles extend decline

  

    Bloomberg Oil held gains before government data forecast to show US crude stockpiles fell for a fifth week, further reducing an inventory surplus. Futures were little changed in New York, having recovered 6.3 percent since slumping to a five-month low on May 5. Stockpiles probably dropped by 2 million barrels last week, according to a Bloomberg survey before Energy ...

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• 9 May

  Cleaner fuel hoard to rise on fight against pollution

    Bloomberg The amount of clean fuel that’s stored across the globe is set to increase as governments tackle pollution, according to the biggest independent storage-tank operator in the world. Royal Vopak NV sees consumption for cleaner energy increasing, and is changing its investment strategy to reflect that, Chief Executive Officer Eelco Hoekstra said in an interview in Kuala Lumpur. ...

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• 9 May

  Centrica falls to one-year low

  

    Bloomberg Centrica Plc, the UK’s biggest energy supplier, fell to the lowest in more than a year after customer losses continued this year and warm weather trimmed consumption of natural gas and power. The utility reiterated its opposition to price regulation, which would reduce competition, cut choice and lead to potentially higher average prices, according to a trading update ...

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• 9 May

  China coal power firms surge as mega-merger planned

  

    Bloomberg Shares of Chinese coal-fired power generators surged on Tuesday as the country was said to be considering plans to create three energy giants through mergers of eight companies with combined assets of almost 5.9 trillion yuan ($855 billion). The proposal, which is only one option being considered as the government of President Xi Jinping seeks to restructure the ...

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• 9 May

  Booming realty shares in India yet to win over BNP Paribas

  

    Bloomberg Property developers have beaten every industry group on India’s benchmark equity index this year, but BNP Paribas Asset Management India Pvt. isn’t impressed. A gauge of realty stocks has soared 62 percent since January 1, almost five times the climb in the S&P BSE Sensex, as the government took steps to bolster the industry that was one of ...

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• 9 May

  Australia goes for stimulus in $55bn infra plan

  

    Bloomberg Australia’s government finally took up the central bank’s call for economic stimulus in its annual budget, with a A$75 billion ($55 billion) infrastructure plan as its centerpiece. Road, rail and runway construction will support growth from Western Sydney to Western Australia, Treasurer Scott Morrison announced in Canberra on Tuesday. His plan promises to create thousands of jobs in ...

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• 9 May

  China’s $9trn bond market lures Neuberger, Fidelity

    Bloomberg A bond slump in China hasn’t damped top global funds’ interest in the $9 trillion market as the government opens the door to greater access. Neuberger Berman Group LLC, based in New York, is considering launching a private fund with a focus on bonds after Fidelity International became the first global asset management firm to do so in ...

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• 9 May

  NetLink briefs analysts on $1.4bn IPO as fees cut

  

    Bloomberg NetLink Trust, the fiber broadband network provider backed by Singapore’s biggest phone company, started briefing analysts this week ahead of an initial public offering that could raise at least S$2 billion ($1.4 billion), people with knowledge of the matter said. The arm of Singapore Telecommunications Ltd. began meeting research analysts to explain its business model, which will later ...

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• 9 May

  SEC probes rental home values in PE bond deals

  

    Bloomberg US securities regulators are investigating whether bonds backed by single-family rental homes and sold by Wall Street’s biggest residential landlords used overvalued property assessments. Radian Group Inc.’s Green River Capital unit is one of the market participants that received a request for information from the Securities and Exchange Commission in March about broker price opinions, or BPOs, the ...

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