Equities on Wall Street and in Europe gained as investors found value, while a downgraded pace of economic growth for the US helped ease concern that the Federal Reserve is about to take its foot of the monetary stimulus pedal. America’s gross domestic product grew at a 1.8 percent annual rate in the first three months of the year, according …

Transpower, the state-owned electricity grid company, will pay a special dividend of $65.7 million to the government this month after concluding the sale of derivatives trading unit to ASX in May. The grid company sold d-cyphaTrade to Australian stock market operator ASX for A$55 million. It set the business up in 2002 to promote Australian exchange-traded electricity futures and to …

NorthWest International Healthcare Properties Real Estate Investment Trust, the cornerstone shareholder in Vital Healthcare Property Trust, may lift its stake to as much as 24.99 percent from 20 percent by participating in its $39.2 million rights offer. Vital plans to raise the funds through a one-for-10 pro rata renounceable rights issue at $1.275 a share, the manager of the medical …