India Allows Lenders to Take Deposits for Funding Green Projects
The Reserve Bank of India will allow banks to raise ‘green deposits’ from June as it seeks to boost allocation of funds towards renewable energy and clean transportation projects.
Bloomberg Business
A $12 Billion Utility Races to Tap Wind and Solar Amid IPO
In quieter times, Romania’s largest green-power producer would be entirely focused on its upcoming initial public offering, an ambitious sale estimated at about €2.3 billion ($2.5 billion) that could be the largest-ever in Eastern Europe. But with droughts persisting across Europe, Hidroelectrica SA is gearing up to take on another challenge: adding wind and solar capacities and expanding its existing hydro portfolio.
Retailer AmeriMark Files for Bankruptcy
AmeriMark Interactive LLC, a retailer that sells discount home and health care goods to what it calls the mature market, filed for bankruptcy with plans to try to sell itself.
German Superyacht Maker Targeted by Ransomware Cyberattack
German shipbuilder Lürssen, which makes military vessels as well as luxury yachts, has become the target of a ransomware cyberattack.
Japan Defense Ministry to Procure Missiles From Mitsubishi Heavy
The Japanese Defense Ministry has signed four missile-development and procurement contracts with the country’s biggest defense firm, Mitsubishi Heavy Industries.
Airbus First-Quarter Deliveries Drop as Supply Woes Extend Into New Year
Airbus SE delivered 127 jetliners in the first quarter, a 9% drop from a year earlier, as parts shortages that marred last year’s output spilled over into 2023.
Credit Suisse Takeover Will Turn UBS Into Wealth Management ‘Powerhouse,’ JPMorgan Says
UBS Group AG’s $3.3 billion acquisition of rival Credit Suisse Group AG will transform it into a banking juggernaut at a bargain price, JPMorgan analysts said Tuesday.
Russian Aluminum Now Dominates Stockpiles in LME Warehouses
Russia is now the biggest source of aluminum available in London Metal Exchange warehouses, according to the bourse’s latest origin report.
US Small Businesses Face Worst Credit in a Decade After SVB
More US small businesses reported having greater difficulty getting a loan in March after multiple bank failures led to a further tightening of credit conditions.
The Key to Getting Stock Deals Done Now Is Secrecy — and Confidentiality
Bankers are increasingly using confidential talks with investors to ensure that their US initial and secondary public offerings are successful as market conditions become more challenging.
