French power company EDF and the British government have signed an agreement to extend the life of the Sizewell B nuclear power plant in Suffolk, England, by 20 years to 2055, they said on Wednesday.
EDF signed an agreement to sell EDF Power Solutions in United States and Canada to private equity firm KKR, the company said on Friday.
The Virtus Stone Harbor Emerging Markets Income Fund offers a 13.16% yield by investing primarily in emerging market bonds. EDF's portfolio is diversified across sovereign and corporate bonds in both local and hard currencies, with recent shifts favoring sovereign hard currency bonds. The surge in oil prices has weakened the outlook for emerging market currencies and local currency bonds.
EDF and Centrica are poised to agree on a draft deal with the UK government to extend the life of the Sizewell B nuclear power station by 20 years, Bloomberg News reported on Wednesday, citing people familiar with the matter.