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Britain's Rightmove rejects higher £6.1-bn Murdoch bid
Britain's Rightmove rejects higher £6.1-bn Murdoch bid

British property website Rightmove said Wednesday it had rejected a third "unsolicited" proposal, worth £6.1 billion (US$8.2 billion), from REA Group, the Australian peer majority-owned by Rupert Murdoch's News Corp empire. The first takeover proposal was priced at £5.6 billion.

Cuts, cash, credit: China's latest bid to jumpstart flagging economy
Cuts, cash, credit: China's latest bid to jumpstart flagging economy

China this week unveiled a bundle of new measures aimed at kickstarting its economy, which has been battered in recent years by unprecedented headwinds including a property sector crisis and sluggish spending. The raft of measures, including the cuts, are considered the boldest in years as Beijing aims to revive economic activity.