Bloomberg Hong Kong Aircraft Engineering Co., a unit of Swire Pacific Ltd., jumped the most on record after the parent said it plans to pay a 64 percent premium for shares it doesn’t own, giving small investors an opportunity to exit after trading languished at minuscule volumes. The property-to-retail conglomerate, which already owns 75 percent of the company, proposed to ...

Bloomberg In 1980, the Soviet invasion of Afghanistan led dozens of countries to boycott the Summer Olympics in Moscow. An undaunted Adidas AG still sponsored the USSR’s Olympic team, becoming one of the first global brands well-known behind the Iron Curtain. This summer’s soccer World Cup should have had the German company cashing in big on its ensuing decades of ...

ABU DHABI / WAM The Federal Authority for Government Human Resources has announced that Eid al-Fitr holiday for federal entities in the UAE will begin on Thursday 29th Ramadan (corresponding to June 14), until 3rd Shawwal, which is yet to be declared. The Authority conveyed its greetings to President HH Highness Sheikh Khalifa bin Zayed Al Nahyan, and Their Highnesses ...