Oversea-Chinese Banking Corp. offered HK$38.4 billion ($5 billion) to buy Wing Hang Bank Ltd. in the biggest takeover of a Hong Kong lender since 2001 to gain a foothold in the expanding Chinese financial hub.
Zillow Inc. is focusing on expanding on-the-go usage for StreetEasy.com, the New York City property-listings website it acquired in August, with plans to introduce a mobile application for more devices this year.
The Reserve Bank of Australia will probably try to weaken the nation’s currency, which rose today to a three-month high against the U.S. dollar, the head of Australia & New Zealand Banking Group Ltd. said.
Coffee surged to 16-month high as dry weather hurt crops in Brazil, the world’s largest producer, potentially tipping the global market into the first shortage in four years. Sugar rose to a three-month high.
Freeport LNG Development LP is seeking financing to start construction next year on an $11 billion natural-gas export facility in Texas that in six years is scheduled to ship 2.1 billion cubic feet of gas a day.