Category: Business

China’s property woes worsened on all fronts last month, as price falls in both new and resale homes amid deeper contractions in construction starts and investment by developers piled pressure on the sector in a rare confluence of declines. The Chinese property market, accounting for a quarter of gross domestic product by some metrics, has […]

Samsung Electronics (005930.KS) vice chairman Jay Y. Lee is visiting North America in his first high-profile trip after serving jail time for bribery, with a decision imminent on the company’s planned $17 billion U.S. chip plant. Lee left Seoul on Sunday and his trip to Canada and the United States is expected to coincide with […]

Japan’s economy contracted at an annualised rate of 3.0% in July-September from the previous quarter, government data showed on Monday, posting the first decline in two quarters as resurgent coronavirus infections hurt consumer spending. The gross domestic product (GDP) figure translated into a quarterly drop of 0.8%, worse than economists’ median estimate of a 0.2% […]

American Tower Corp (AMT.N) on Monday agreed to buy U.S. data center operator CoreSite Realty Corp (COR.N) for $7.51 billion in cash to tap into a sector that has seen a boom in demand. The offer price of $170 per share represents a premium of about 5.7% to CoreSite’s closing price on Nov. 9, when […]

Energy producers gathered in Abu Dhabi following the COP26 U.N. climate talks called on Monday for greater inclusivity that would see more investment in hydrocarbons for energy security as they work to reduce emissions while developing their economies. The world could not “simply unplug” from hydrocarbons and the oil and gas industry needed to invest […]

Berlin-based e-scooter operator TIER Mobility has bought bike-sharing firm Nextbike to create Europe’s largest provider of shared lightweight vehicles, the companies said on Monday. The deal, which will bring rentable bicycles, e-bicycles, e-scooters, e-mopeds and cargo bikes into one network, could mark the first big acquisition in a likely period of consolidation in the highly […]

Royal Dutch Shell’s decision to move its corporate headquarters and tax base to London may win over shareholders but it has struck a blow to Dutch prestige. As the energy giant crosses the North Sea, it will shed “Royal Dutch” from its name, ending a link to the monarchy in the Netherlands that began when […]