Article content Australian mining services provider NRW Holdings Ltd on Thursday said smaller peer MACA Ltd rebuffed its takeover offer as it plans to proceed with a proposal from rival contractor Thiess. Last week, NRW Holdings made a cash-and-stock offer of A$1.085 per share, a premium of 8.5% to MACA’s last close on Aug 17, valuing it at A$375 million …

Article content Japanese stocks fell alongside Asian peers on Thursday, as investors parsed U.S. Federal Reserve meeting minutes and awaited an upcoming symposium to assess whether the central bank would temper its aggressive policy. Japan’s Nikkei share average shed 0.91% at the open and stayed around that level throughout the day, ending down 0.96% at 28,942.14. The losses erased most …

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Breadcrumb Trail Links PMN Business Egypt’s monetary policy is up in the air after the shock resignation of the central bank governor just a day before a scheduled decision on interest rates. Author of the article: Bloomberg News Mirette Magdy dh9delwx1fidl{cldmdni}bv_media_dl_1.png Bloomberg RSS Article content (Bloomberg) — Sign up for our Middle East newsletter and follow us @middleeast for news on the region. Advertisement …

Article content MUMBAI — The Indian rupee was trading lower against the dollar on Thursday, tracking a Chinese yuan-led decline in Asian currencies. The rupee was trading at 79.6575 per U.S. dollar by 0524 GMT, down from 79.4450 in the previous session. The local currency opened at 79.60. The offshore Chinese yuan was down 0.3% at 6.8102 to the dollar, …

Breadcrumb Trail Links PMN Business Author of the article: Article content SHANGHAI — China’s first batch of publicly traded rental property real estate investment trusts (REITs) was snapped up in Shanghai and Shenzhen by yield-hungry investors this week, opening up a new financing channel for the struggling real estate sector. The three newly launched REITs, based on affordable rental properties, …