Bloomberg Talk of consolidation among Singapore real estate investment trusts ramped up after the regulator strengthened rules governing the market in 2015. Four years on, it’s finally happening. OUE Commercial REIT said it had agreed to buy OUE Hospitality Trust to create one of Singapore’s 10 biggest REITs, giving the combined entity greater firepower to make acquisitions. It’s also the ...

Bloomberg China signalled its intent to ban cryptocurrency mining, dealing a fresh blow to an industry buffeted by tumbling virtual currency prices, stiff competition and waning investor interest. The National Development Reform Commission, the country’s powerful economic planner, listed crypto-mining among a plethora of industries it intends to eliminate because they “seriously wasted resources” or polluted the environment. The agency ...

Bloomberg SoftBank Group Corp is hiring a trio of industry veterans to oversee a $5 billion technology fund headed by Chief Operating Officer Marcelo Claure that focuses on Latin America. André Maciel, a former managing director at JPMorgan Chase & Co in Brazil, will join the SoftBank Innovation Fund as managing partner, the company said in a release. Paulo Passoni, ...