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Bloomberg China Three Gorges Corp. is weighing a deal to gain cont-rol of EDP-Energias de Portugal SA’s Brazilian business, people with knowledge of the matter said. State-owned Three Gorges is considering merging its own Brazilian assets with EDP’s operations in the South American country, which are run through publicly-traded EDP-Energias do Brasil SA, according to the people. Three Gorges may …

Bloomberg JinkoSolar Holding Co., the world’s biggest solar panel maker, sees China’s photovoltaic power additions slumping this year and a greater share of its revenue coming from overseas amid uncertainties over Beijing’s new policies. China may add 30 to 40 gigawatts of solar power in 2019, down from 44 gigawatts the previous year, Vice President Qian Jing said in an …

Bloomberg Singapore’s second-largest property developer is offering to buy out shareholders of Millenium & Copthorne Hotels Plc in a deal that would value the company at $2.84 billion. City Developments Ltd said in a statement that it has made a final offer for the London-traded hotel chain at 685 pence per share, representing a 37 percent premium to this week’s …

Bloomberg Amazon.com Inc has unveiled a revolutionary new drone — part helicopter and part science-fiction aircraft — that the company expects to use for test deliveries of toothpaste and other household goods starting within months. The new device takes off vertically, then tilts to fly horizontally like a plane. It also features artificial intelligence, using a suite of sensors the …

Bloomberg Apple Inc is preparing to buy startup Drive.ai in a small deal that will bring more engineers with experience in autonomous vehicle technology to the iPhone maker, according to people familiar with the matter. It’s unclear how much Apple is paying. Drive.ai has raised about $77 million in funding since it was founded in 2015, and was valued at …

Bloomberg Walmart Inc already sells more food than anyone else. Now it wants to put those groceries right in your fridge. Beginning this fall, about 1 million people in Pittsburgh, Kansas City, and Vero Beach, Florida, will be able to get cereal and celery while away from home. Walmart staffers — sporting wearable cameras — will arrive in company-owned cars …

Bloomberg The weak US May jobs report pushes the Federal Reserve closer to cutting interest rates, though maybe not all the way just yet. While a reduction when policy makers meets later this month can’t be ruled out, Fed watchers said their base case is for the central bank to stand pat. But they said the abrupt slowdown in payrolls …

Bloomberg China’s central bank governor said there’s “tremendous” room to adjust monetary policy if the trade war deepens, joining counterparts in Europe and the US in displaying readiness to act to support the economy. In an exclusive interview with Bloomberg in Beijing, People’s Bank of China (PBOC) Governor Yi Gang also signalled that he’s not wedded to defending the nation’s …

Bloomberg Canada may have just printed its lowest unemployment rate since at least 1976, but two big North American banks are now forecasting its central bank to cut rates. JPMorgan Chase & Co. reduced its forecast for Canadian growth in the third and fourth quarters of this year to 1.5 percent from 2.25 percent and expects the Bank of Canada …

Bloomberg Indonesia’s central bank is discussing the possibility of cutting interest rates but is waiting for the right time to do so, Deputy Governor Dody Waluyo said. Given the uncertainty in financial markets, the central bank needs to be “cautious” and a rate cut “will depend on the timing,” Waluyo said in an interview with Bloomberg Television’s Kathleen Hays in …