Asian stocks advanced, with the regional benchmark gauge ending at a six-week high, as telecommunications companies led gains. Japanese shares rose after the yen weakened and an advisory committee said the world’s largest pension fund doesn’t need a domestic-bond focus.
Siemens AG, Europe’s largest engineering company, is contributing its PLM software toward an initiative President Barack Obama announced today that’s designed to put the U.S. back on the manufacturing map.
Interest rates on loans to Germany’s renewable energy industry may climb to more than 4 percent as government plans to change policy and reduce state aid increase the level of risk, according to Commerzbank AG.
Mainstream Renewable Power Ltd. an Irish clean energy developer, picked Marubeni Corp. and Technip Offshore Wind Ltd. as preferred contractors to build its 450- megawatt wind farm off the coast of Scotland.
Japan’s effort to obtain more power from wind turbines is being held up by requirements for developers to conduct environmental impact assessments, undermining government support for the industry, a lobby group said.