LONDON, Aug 28 (Reuters) - Investors pulled a record amount of money out of global equity funds in the week to Aug. 26, according to Bank of America Merrill Lynch, a measure of the alarm that China's markets and economy have aroused around the world.
Sinovel Wind Group Co., once China’s biggest supplier of wind turbines, said its loss more than doubled in the first half as orders fell and asset-impairment losses increased. The net loss was 864.6 million yuan ($135 million) in the first six months ended June 30, compared with a revised net loss of 371.3 million yuan a year ago, the Chinese wind-turbine maker said in a statement to the Shanghai stock exchange.
The most valuable incentive today for solar projects – the 30% investment tax credit (ITC) – will be drastically reduced after 2016. Many sources are predicting a collapse of the solar industry and curtailment of new projects at a time when electricity demand is pushing the limits of the grid.
LONDON, Aug 28 (Reuters) - Front-month Brent crude futures surged more than 10 percent higher yesterday, one of the largest daily percentage movements on record, as traders raced to cover short positions (http://link.reuters.com/teh55w).
I’ve spent a lot of time over the past 15 years talking to homeowners about rooftop solar. More kitchen table chats and walks around the house than I can count. Some of the basic questions I hear again and again. Because they are new to solar, some of the most important questions do not even occur to homeowners.
If finalized, the landmark nuclear deal will see the removal of sanctions that have drastically cut Iran's oil earnings and deprived the country of the investment it needs to develop its vast oil and gas reserves.
Misha Gerhard & Lewis LLC is International Strategic Consulting Firm with an extensive presence in the most rapidly developing regions of the world.