News

Bloomberg Royal Dutch Shell Plc will pay its entire dividend in cash for the first time in more than two years as Europe’s biggest oil company seeks to demonstrate it has left the worst of the crude slump behind. From this quarter, Shell will no longer offer shareholders the option to take the payout in stock, it said. The company ...

Bloomberg Brent crude slipped towards $63 a barrel before OPEC and its allies meet this week to discuss prolonging their output cuts beyond March. Futures dropped as much as 1.2 percent in London, extending Monday’s decline. Uncertainty over the outcome of Thursday’s meeting is creating the risk of a slide in prices, which have gained on assumptions that the curbs ...

Bloomberg Senator Ted Cruz may want to spotlight a new victim in the King Corn versus Big Oil tussle: US motorists. The Texas Republican took up arms for fuel makers after President Donald Trump upheld the Renewable Fuel Standard, the 12-year-old rule that forces refiners to either mix biofuels in with their gasoline and diesel or buy credits. Despite the ...

Bloomberg SoftBank Group Corp. and a group of investors are trying to buy a stake in Uber Technologies Inc. at a sizable discount to the company’s $69 billion valuation, seeking to clinch what would be one of the largest purchases of stock in a private company. SoftBank and partners including investment firms Dragoneer Investment Group and General Atlantic are offering ...

Bloomberg Gaw Capital Partners and Goldman Sachs Group Inc. are part of a consortium buying a portfolio of shopping malls in Hong Kong from Link Real Estate Investment Trust for HK$20 billion to HK$25 billion ($2.6 billion to $3.2 billion), according to people familiar with the matter. Gaw will be the largest investor in the deal, while Goldman Sachs will ...

Bloomberg Property developers’ shares have beaten every industry group in India this year, drawing criticism from some analysts who say the gains are overdone. V. Srivatsa, a fund manager at the $23 billion UTI Asset Management Co., sees it differently. There’s more juice left in real-estate stocks as steps taken by the government to aid the industry that was one ...

Bloomberg Hong Kong is eroding Singapore’s home advantage. Fourteen companies based in the Southeast Asian city have chosen to list on their home stock market this year, compared with 13 on the bourse operated by Hong Kong Exchanges & Clearing Ltd., according to data compiled by Bloomberg. That’s the biggest Singapore contingent in the North Asian city in at least ...

Bloomberg Anglo-Dutch consumer-goods giant Unilever wants to consolidate its headquarters in the UK or the Netherlands, but Brexit is making it harder to choose. The maker of Ben & Jerry’s ice cream and Dove soap said in a statement that a review of the dual structure is “progressing well,” after CEO Paul Polman told the Financial Times he would advocate ...

Bloomberg Doctor-appointment booking startup Doctolib SAS has raised 35 million euros ($42 million) in new funding as it seeks to become the biggest provider of scheduling software to health-care professionals in Europe. Doctolib, which raised 26 million euros in January, is now valued over $200 million, according to a person close to the fund raising. Eurazeo SA, an investment firm ...

Bloomberg Mercedes-Benz, conducting the biggest test using drones to ship everyday items like ground coffee and cellphones, said the mini aircraft completed 100 drop-offs to strategically placed vans in Zurich with a perfect safety record and more deliveries are planned for next year. About 50 individual customers placed orders with Swiss online shopping platform Siroop, choosing “airmail deals” from selected ...