August, 2016

• 10 August

  India mulls new green power exchange

  

    Bloomberg As loss-laden power distribution companies delay millions of dollars in payments for clean-energy capacity, India is looking to create a dedicated green energy trading platform in a bid to give the renewable sector more selling options. The country’s largest power exchange, Indian Energy Exchange Ltd., is looking to roll out a dedicated platform for the trade of clean ...

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• 10 August

  China’s overseas M&A spree at lowest costs since 2012

    Bloomberg As Chinese companies go on a record $157 billion overseas buying binge, they’re collecting their corporate trophies at the cheapest levels in four years. The median price they’re paying this year amounts to 14 times the Ebitda — or earnings before interest, taxes, depreciation and amortization — of the target companies, down from a multiple of 16 in ...

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• 10 August

  Malaysian palm oil exports outpace production

  

    Bloomberg Palm oil stockpiles in Malaysia declined in July as exports from the world’s second-largest producer surged to the highest this year. Inventories fell 0.2 percent to 1.77 million metric tons at the end of July from a revised 1.775 million tons a month earlier, according to data released by the Malaysian Palm Oil Board on Wednesday. That compares ...

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• 10 August

  China bad-loan gauge holds steady

    BLOOMBERG China’s official bad-loan ratio held at 1.75 percent in the second quarter after almost three years of increases, suggesting some progress as President Xi Jinping’s officials try to defuse risks from the nation’s explosion in credit. The China Banking Regulatory Commission didn’t give reasons in Wednesday’s data release. Lenders have stepped up efforts to clean up nonperforming debt ...

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• 10 August

  Cheap China corn curbs imports amid ample domestic supply

  

    Bloomberg China’s imports of corn and feed grains are set to slump after the government increased the amount auctioned from state reserves and domestic prices dropped to a decade low, according to analysts. The government is offering about 7.9 million metric tons of corn from its stockpiles for a third week. That compares with 6 million tons offered in ...

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• 10 August

  Delta failure a wake-up call for airline sector

  

    Bloomberg The failure of Delta Air Lines Inc.’s worldwide computer network this week spotlights the vulnerability of the information systems sustaining the biggest US carriers, each of which has contended with major disruptions during the last year. Complex networks cobbled together over the decades need major overhauls requiring significant new investments, said Bob Edwards, a former chief information officer ...

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• 10 August

  Air Berlin quarterly loss quadruples to $69.9mn on move to all-leased fleet

  

    Bloomberg Air Berlin Plc, the German airline that’s 29 percent-owned by Etihad Airways PJSC, said its second-quarter loss widened as costs increased as the carrier switched to an all-leased fleet and the euro declined against the dollar. The loss before interest and taxes almost quadrupled to 62.7 million euros ($69.9 million) from 15.9 million euros a year earlier, Germany’s ...

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• 10 August

  India to clarify Apple’s path to opening own retail stores

  

    Bloomberg India’s finance minister has approved a proposal that clarifies how Apple Inc. could open stores in the fast-growing economy without initially having to source components locally, people familiar with the matter said. Arun Jaitley ratified a proposal that gives the information technology ministry the power to label a retailer of a single brand as a provider of cutting-edge ...

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• 10 August

  Tesla opens flagship San Francisco store

  

    Bloomberg Tesla Motors Inc. marked the opening of its largest North American sales, service and delivery center in San Francisco, a key market from which Elon Musk’s electric-car maker will introduce its all-important Model 3 sedan late next year. Though Tesla is based in nearby Palo Alto, the 65,000-square-foot (6,039-square-meter) San Francisco center is the company’s first in the ...

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• 10 August

  Paris rooms with views get price cap

  

    Bloomberg What is the price of a view of Paris’s best-known monuments? France’s Socialist government will tell you. For all Saint-Germain-des-Pres’ charm, long gone are the days when a tiny 11 square-meter (118 square feet) furnished studio flat commanded 656 euros ($724) in monthly rent. Real-estate agency Inter Immobilier last month had to explain to the new owner of ...

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