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Bloomberg Shareholders of Honworld Group Ltd are exploring a sale of the Chinese soy sauce maker, which sells products under the “Lao Heng He” brand, people with knowledge of the matter said. Owners are working with an adviser on a possible sale of more than 49 percent of the Hong Kong-listed firm, said the people, who asked not to be ...

Bloomberg Brookfield Asset Management Inc is planning to buy a commercial property site in Shanghai for around $2 billion, according to people familiar with the matter. Brookfield Strategic Real Estate Partners III is considering buying three office towers and a retail mall at Greenland Huangpu Center from a unit of Greenland Hong Kong Holdings Ltd., the people said, asking not ...

Bloomberg Ola, Uber Technologies Inc’s biggest rival in India, said it will take on the ride-hailing giant in London before the end of the year after launching in five smaller UK cities. The Bangalore-based startup commenced operations in Liverpool last month, having established its first European business in Cardiff in August and later added Bath, Bristol and Exeter. Reading and ...

Bloomberg If France is trying to keep Huawei Technologies Co out of its next-generation telecommunications networks, it’s doing it a lot more subtly than the US. The country’s parliament was expected to start to debate on Wednesday a bill aimed at tightening security around its 5G networks after an earlier version was rejected in February by senators for the government’s ...

Bloomberg Hewlett-Packard Co’s board, riven with conflict, faced a “poisonous internal environment” on the eve of its announcement to acquire British software firm Autonomy. A simmering dispute between executives burst into the open just as HP’s board wavered over whether to proceed with the $11-billion transaction, then-Chief Executive Officer Leo Apotheker said on the second day of his evidence in ...

Bloomberg Britain’s Brexit turmoil inflicted further damage on the economy last month as the nation’s huge services sector shrank for the first time in more than 2 1/2 years. With parliament gridlocked and Britain’s short-term future increasingly uncertain, companies and households held back spending in March, IHS Markit said. Its Purchasing Managers’ Index indicates that the economy shrank last month ...

Bloomberg After eating the dust of its German rival for past three years, BMW AG is getting a faster start off the line in early 2019. BMW sales rose 2.9 percent in March and were roughly flat in the first quarter, as surging demand for X3 compact crossovers helped the brand surpass Daimler AG’s Mercedes-Benz. A slump for the small ...

Bloomberg Most major automakers capped the first quarter with declining US sales again in March, as the sugar high from last year’s tax cuts wore off and the economy lost steam. Fiat Chrysler Automobiles NV, Nissan Motor Co and Toyota Motor Corp each reported deliveries dropped for the month and are down year-to-date. General Motors Co, which releases results only ...

GENEVA / WAM World trade will continue to face strong headwinds in 2019 and 2020 after growing more slowly than expected in 2018 due to rising trade tensions and increased economic uncertainty. World Trade Organisation (WTO) economists expect merchandise trade volume growth to fall to 2.6% in 2019 down from 3.0% in 2018. Trade growth could then rebound to 3.0% ...

Abu Dhabi / WAM Abu Dhabi Securities Exchange (ADX), announced a 95 percent compliance rate regarding the disclosure of the annual financial statements 2018 of its listed public joint stock companies within the deadline of 90 days from the end of the financial period. According to a statement, 62 out of 65, local and foreign, public listed companies disclosed their ...