Masonry Layout

Bloomberg An Indian tribunal ordered billionaire Anil Ambani’s Reliance Communications Ltd. be placed under insolvency proceedings, jeopardising the phone company’s proposed $3.7 billion asset sale to Reliance Jio Infocomm Ltd. The Mumbai bench of the National Company Law Tribunal on Tuesday accepted a petition from the Indian unit of network-equipment maker Ericsson AB, which is seeking to recover 11.6 billion ...

Bloomberg Didi Chuxing is overhauling safety measures across its business after a female customer of its Hitch carpooling service was allegedly murdered by a driver using its app in China. Hitch has been marketed as a social ride-sharing service, allowing drivers and passengers to label or rate each other by appearance. Such features attracted criticism as the platform was rife ...

Bloomberg Sun Hung Kai Properties Ltd.’s record HK$25.2 billion ($3.2 billion) purchase of a coveted plot near Hong Kong’s former airport signals that the city’s developers are brushing off concern that expected rate increases will damp the red-hot housing market. Sun Hung Kai beat out bidders including units from CK Asset Holdings Ltd. and Henderson Land Development Co., paying almost ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, said that ‘Area 2071’ is a bridge to the future, and a platform to implement the UAE’s model for future design; and reflects UAE Centennial 2071 objectives for a better life for future generations with more opportunities ...

WASHINGTON / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, began a visit to Washington, DC, meeting with US Secretary of State Mike Pompeo and White House National Security Advisor John Bolton. Sheikh Abdullah and the US officials reinforced the close bilateral cooperation and partnership on a range of strategic, security and ...

Beijing / WAM Bloomberg and the China Center for International Economic Exchanges (CCIEE) on Tuesday announced the New Economy Forum will convene in Beijing, China, on November 6-8, with Adnoc and the Public Investment Fund of Saudi Arabia, being among the Forum’s founding members, to participate. The forum will stimulate a frank conversation about the shifts in the global economy ...

Bloomberg Dubai is set to see retail space surge by 50 percent over the next three years, even as consumer spending slows in the Persian Gulf city, according to real estate adviser CBRE Group Inc. More than 1.5 million square meters (16 million square feet) of space will be added at the city of 3 million people, CBRE estimates. That’s ...

Bloomberg Tata Steel Ltd.’s plan to double its production capacity in five years received a boost after an Indian court gave its final approval for the purchase of the assets of Bhushan Steel Ltd., Tata’s biggest buy since Corus Group Plc. The two-judge tribunal rejected objections to Tata’s bid from Bhushan creditor Larsen & Toubro Ltd. and the steel company’s ...

Bloomberg An influential proxy adviser joined Elliott Management Corp. in opposing an $8.8 billion deal between two Hyundai Motor Group units, complicating the automotive giant’s ability to get shareholders to vote for an overhaul that may help the chairman pass control of the South Korean conglomerate to his son. Glass Lewis & Co., which provides voting advice for more than ...

Bloomberg US companies and business groups are lining up to oppose the Trump administration’s plan to slap tariffs on Chinese imports, as the two nations step up efforts to resolve their trade dispute. About 120 firms and industry groups are scheduled to testify at a hearing on the administration’s plan to impose tariffs on $50 billion in Chinese goods. So ...