Business

Germany’s biggest landlords agree $22 bln merger

Germany’s two biggest listed landlords Vonovia SE (VNAn.DE) and Deutsche Wohnen have agreed to join forces in a 18 billion-euro ($22 billion) deal that risks stoking tensions over affordable housing in the run-up to general elections in September.

Asia shares track Wall Street up as inflation fears fade

Asian shares advanced on Tuesday, tracking a rally on Wall Street, while the dollar held near a fourth-month low as inflation worries faded after Federal Reserve officials allayed fears about monetary policy tightening.

Shell to sell interest in Deer Park refinery to partner Pemex

Royal Dutch Shell (RDSa.L) agreed on Monday to sell its controlling interest in a Texas refinery to partner Petroleos Mexicanos (Pemex) for about $596 million, the latest move by the European oil major to cut its global refining footprint.

Investor opposition to U.S. CEO pay at its highest ever -report

Investors have rejected a record number of executive compensation plans in non-binding votes of U.S.-listed companies this year, objecting to pay rises and the easing of performance targets in the wake of the COVID-19 pandemic, according to an analysis by consulting firm ISS Corporate Solutions.

Germany’s biggest landlords agree $22 bln merger

Germany’s two biggest listed landlords Vonovia SE (VNAn.DE) and Deutsche Wohnen have agreed to join forces in a 18 billion-euro ($22 billion) deal that risks stoking tensions over affordable housing in the run-up to general elections in September.

Asia shares track Wall Street up as inflation fears fade

Asian shares advanced on Tuesday, tracking a rally on Wall Street, while the dollar held near a fourth-month low as inflation worries faded after Federal Reserve officials allayed fears about monetary policy tightening.

Shell to sell interest in Deer Park refinery to partner Pemex

Royal Dutch Shell (RDSa.L) agreed on Monday to sell its controlling interest in a Texas refinery to partner Petroleos Mexicanos (Pemex) for about $596 million, the latest move by the European oil major to cut its global refining footprint.

Investor opposition to U.S. CEO pay at its highest ever -report

Investors have rejected a record number of executive compensation plans in non-binding votes of U.S.-listed companies this year, objecting to pay rises and the easing of performance targets in the wake of the COVID-19 pandemic, according to an analysis by consulting firm ISS Corporate Solutions.

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