The Hague / AFP Dutch electronics giant Philips set a price of 20 euros per share, a day ahead of a highly anticipated IPO of its lighting arm, and said it was expecting to raise 750 million euros. “The total number of offered shares is 37.5 million, representing 25 percent of the shares,” the Amsterdam-based Philips said in a statement. ...

  Sydney / Bloomberg Air New Zealand Ltd.’s stake in Virgin Australia Holdings Ltd. has attracted several potential buyers and talks are under way about a possible deal, said Richard Branson, the billionaire founder of Virgin Group Ltd. It’s not yet clear whether Virgin Group itself, which owns about 10 percent of Virgin Australia, will increase its stake in Australia’s ...

  Bloomberg Singapore’s property market may be closer to a bottom than Hong Kong, according to LaSalle Investment Management, which oversees more than $58bn in real estate funds. Governments in Asia’s two most expensive residential markets have imposed curbs in recent years to tame prices and improve affordability. As demand has dropped amid a slowdown in the region’s economies, home ...