Regions News
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South Africa approved 19 wind, solar and hydropower proposals in a second bidding round, increasing the cost of renewable-energy projects given the go-ahead to 73 billion rand ($8.8 billion) as the nation boosts cleaner energy.
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Eaton Corp. agreed to buy Cooper Industries Plc, a maker of electric-distribution equipment, in an $11.8 billion transaction to expand its power-management business and tap more into a U.S. housing recovery.
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American International Group Inc., the bailed-out insurer, is comfortable taking “liquidity risk” in its investment portfolio as it seeks to improve returns amid low interest rates, the head of its largest unit said.
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U.S. stocks advanced, driving the Standard & Poor’s 500 Index toward the biggest increase in almost a month, after China signaled it would support the economy and German and French officials met before a summit.
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