Dubai-based Emirates REIT withdrew the restructuring proposal for its $400 million Islamic bond after a group of investors successfully opposed the deal. Emirates REIT said Monday that 57% of sukuk-holders who voted were in favor of its exchange offer.
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BEIJING–China’s foreign-exchange reserves, the world’s largest, rose for a second-straight month in May thanks to higher global asset prices and foreign inflows into Chinese stocks and bonds. The People’s Bank of China said Monday that the nation’s …
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Annual house price growth was strongest in Wales with values soaring by 11.9%. Annual growth surged to 9.5%, meaning the average UK home has increased in value …
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By Sam Schechner. PARIS–Alphabet Inc.’s Google will pay a fine of nearly $270 million as part of a settlement with French regulators of one of the first antitrust cases globally to allege the company abused its leading role in the digital advertising sector.
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The e-commerce giant said Monday that the new jobs would push the size of its workforce in Italy to more than 12,500 compared with 9,500 at the end of 2020. New positions will span packaging and shipping, marketing, finance and research of new …
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