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Baidu boosts content spending for video and news services

  Bloomberg Baidu Inc. will boost spending on content for its video streaming and news aggregation services as it tries to nurse its core internet search business back to health. The strategy is designed to attract new users as China’s biggest search provider enters a critical period after sales in 2016 grew at the slowest pace on record. The company ...

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Chinese investment in Australia surges 11.7% as deals hit record

  Bloomberg Chinese investment in Australia surged 11.7 percent last year to A$15.4 billion ($11.5 billion) amid booming demand for agricultural assets and infrastructure, according to a report released on Monday. A record 103 deals were signed with Chinese companies in 2016, with 76 percent of those reached with private firms, KPMG and the University of Sydney said in the ...

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After oil, real estate becomes Canada’s new crutch

  Bloomberg Two things happened last week that were a reminder of just how vital real estate has become to Canada’s economy. Statistics Canada released gross domestic product data that showed February was a banner month for sectors linked to housing. The real estate industry, residential construction, financial and legal services generated a combined 0.5 percent increase in output, the ...

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