Bloomberg Germany’s economy ministry wants to end subsidies for plug-in hybrid cars earlier than planned at the end of this year and cut a cash bonus for electric vehicles by a third from 2023, according to a person familiar with the plans. The move is part of attempts to gear subsidies more towards climate protection and the legislation is currently ...

  Bloomberg Blackstone Inc agreed to buy PS Business Parks Inc for about $7.6 billion, expanding its bets on real estate across the US. Affiliates of Blackstone Real Estate will buy Glendale, California-based PSB for $187.50 a share in cash, according to a statement. The price is roughly a 12% premium to PSB’s closing price. Under the deal, Blackstone agreed ...

Bloomberg Hong Kong is ready to launch yuan-denominated stock trading to cater to investors in Shanghai and Shenzhen, with final clearances from regulators in mainland China expected in the second half of the year, according to people familiar with the matter. The city’s own infrastructure is largely ready to accommodate trading of shares in the Chinese currency via the southbound ...