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ZTE loses Italy deal even as US restrictions begin to ease

Bloomberg The Trump administration is letting ZTE Corp. resume some business activities while the US weighs an end to a seven-year ban on the Chinese telecommunications company. The easing of restrictions didn’t come soon enough for ZTE’s bid to win a contract in Italy to supply wireless equipment to Wind Tre SpA. ZTE lost the deal because it’s barred from ...

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Tencent plans spinoff, US listing of online music unit

Bloomberg Chinese internet giant Tencent Holdings Ltd. is planning to spin off its online music entertainment business and list its shares in the US through a public offering, the company said in a filing to the Hong Kong stock exchange on Sunday. Tencent, China’s largest social media and gaming company, said terms of the proposal, including size, price and range, ...

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Singapore announces surprise property curbs to cool market

Bloomberg Singapore’s renewed clampdown on speculative property demand sent real estate stocks reeling, as analysts predicted the end of a nascent home price rebound and the deflation of a buoyant market for collective sales. The tightened rules sharply increase buyers’ stamp duties for entities such as developers. Singapore’s benchmark Straits Times Index dropped 2 percent Friday as property developers and ...

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