Collective trusts that insurers are allowed to invest in are confined to those backed by financing assets and non-listed equity assets, according to draft rules posted on the website of China Insurance Regulatory Commission.
A financing plan for a third World Trade Center skyscraper in lower Manhattan is at risk as commissioners of the Port Authority of New York and New Jersey prepare to vote on a $1.2 billion loan guarantee.
Geothermal power producers added the most capacity since 1997 last year as developing nations in Asia and other regions seek alternative energy sources, while installation declined in the U.S., according to the Geothermal Energy Association.
General Motors Co. replaced the head of its global vehicle engineering unit in a reorganization that includes more than doubling the number of product investigators after a small-car recall linked to at least 13 deaths raised concerns about vehicle safety at the automaker.
Dubai tapped capital markets for the first time in more than a year with the sale of $750 million of 15-year Islamic bonds as the emirate seeks to pay debt and finance its budget amid a property-market recovery.
The Netherlands, Europe’s second- largest gas exporter, may become an importer by 2025 as output falls from its Groningen province and progress in unconventional sources stalls, the International Energy Agency said.