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Li Ning Co Ltd. shares tumbled on Monday after investors rebuffed the Chinese sportswear maker’s plan to buy a commercial building in Hong Kong, with some analysts saying the move was not the best use of capital.
China is changing its power system in ways that reduce payments to solar providers while making energy storage more profitable, as it seeks to digest an unprecedented boom in new solar panels across the country.
A member of Thailand’s richest family is partnering with a Hong Kong-based asset manager to invest in luxury real estate in Southeast Asia.
Macy’s Inc. received a $5.8 billion buyout offer from Arkhouse Management and Brigade Capital Management, a wager that the venerable retailer can execute its turnaround better as a private firm.
UK home sellers slashed the prices they’re asking for property, data from the sales portal Rightmove showed, a sign that a “slow puncture” for the market is likely to continue.
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