BEIJING / Reuters China Gas Holdings, one of China’s largest domestic natural gas distributors, expects sales to rise 30-45 percent this fiscal year and “sustainable high growth” the next few years due to Beijing’s clean air push, the company’s founder said. China Gas, which counts South Korea’s SK Group and India’s GAIL among its investors, plans to expand its extensive ...

DUBAI / Reuters Oman Telecommunications (Omantel) will pay $1.35 billion to buy a further 12.1 percent stake in Kuwaiti telecoms company Zain in a deal that will expand its reach to nine Mid- dle Eastern and North Afri- can countries. It paid 0.781 Kuwaiti dinars ($2.58) per share, around 74 percent above the current listed price, for the stake, which ...

Bloomberg Total SA’s billion-dollar deal to buy liquefied natural gas assets from Engie SA shows how much size matters in the industry. After Royal Dutch Shell Plc’s takeover of BG Group Plc last year, industry consultant Wood Mackenzie Ltd. says the latest accord is evidence that the biggest energy companies with access to large volumes of diverse supplies will continue ...

Bloomberg American Tower Corp. agreed to buy mobile-phone towers from Vodafone Group Plc’s Indian business and Idea Cellular Ltd., boosting its infrastructure in the country by a third, as the merging carriers sell off assets to raise cash for debt repayment amid a scathing price war. The Boston-based real estate investment trust agreed to pay 78.5 billion rupees ($1.2 billion) ...

Bloomberg Razer Inc. climbed 18 percent in its Hong Kong coming-out party, as the maker of gaming laptops and accessories rode red-hot demand for first-time technology share sales this year. The San Francisco and Singapore-based company closed at HK$4.58 on Monday, a first-day performance bested only by e-books publisher China Literature and Wuxi Biologics among Hong Kong initial public offerings ...

Bloomberg Reliance Communications Ltd., the embattled mobile phone operator controlled by Anil Ambani, slid to record lows in the stock and bond market after saying over the weekend that it missed local debt interest payments. The company’s stock fell by as much as 14 percent to its lowest ever. Its dollar bond due 2020 dropped 1.3 cents to a record ...

Bloomberg Considering a work stint in Japan? You’d better make it short, and you’d better stay alive. That’s because the government subjects long-term foreign residents to inheritance tax of up to 55 percent on their worldwide assets—meaning heirs could be forced to give up their family homes or businesses, even if they’ve never set foot in Japan. Now, Tokyo Governor ...

Bloomberg Uber Technologies Inc. approved SoftBank Group Corp.’s offer to buy a multibillion-dollar stake in the ride-hailing company, setting the stage for one of the largest private startup deals ever. The agreement lets SoftBank and other firms invest up to $1 billion in Uber and proceed with a tender offer in coming weeks to buy up to $9 billion in ...

Bloomberg Brookfield Asset Management Inc. has bid more than $14 billion to acquire the stake it doesn’t already hold in mall owner GGP Inc., according to a person with knowledge of the matter. The Canadian investment firm made an offer of about $23 per share, the person said, asking not to be identified because the information is private. The price ...

Bloomberg The proportion of London home sellers dropping their asking price is rising as the property market slumps further. With more than four in 10 revising lower, the average price cut of 6.7 percent reflects “initial over-optimism and a tougher market,” Rightmove Plc said in a report published on Monday. New vendors coming to the market in November are also ...