An ultra luxury apartment in Hong Kong’s Mount Nicholson development — one of the most expensive apartment projects in Asia — was recently sold for a loss of HK$130 million ($16.6 million) as the city’s upscale home market struggles to recover from weak demand.
Global food costs capped their longest run of monthly declines in at least three decades, bucking soaring supermarket prices that are squeezing households.
The cost of insuring emerging-market nations against default fell to the lowest in nearly a year as the dollar weakens and investors bet that less aggressive US tightening will bring relief to developing borrowers.
Late to the global interest-rate hiking party, the European Central Bank is trying to convince everyone that it will also be one of the last to leave.
Tesla Inc.’s deliveries from its Shanghai plant rose in January despite the typically quieter Lunar New Year break, spurred by aggressive price cuts on the two models it makes in China.
Bank of England Chief Economist Huw Pill suggested that the UK is yet to see any positive economic benefits from exiting the European Union.
Chinese stocks saw their worst week in more than a month as investors looked for further catalysts to sustain a world-beating rally since the nation’s reopening.
The International Monetary Fund is giving Pakistan a difficult time in ongoing bailout negotiations, Prime Minister Shehbaz Sharif said, heightening the stakes for a country already in the throes of its worst economic crisis in decades.
(Bloomberg) — Germany is considering re-routing existing subsidies for eliminating coal-fired power plants to help defense manufacturers build new production facilities, according to people familiar with the matter.
Goldman Sachs Group Inc. and JPMorgan Chase & Co. have told some clients that bonds related to Gautam Adani’s business empire can offer value due to the strength of certain assets.
