World

One reason why Hong Kong’s property mart won’t collapse

HONG KONG • A Downtown 38 show flat on display in Hong Kong’s APM Millennium City shopping mall had a queue snaking out the door and around the corner on ...

‘Cracks’ seen in UAE banks on rising bad loans

DUBAI • Cracks are starting to show in the United Arab Emirates’ (UAE) banking sector as a property and retail slump take its toll on lenders.
One of ...

Rare Singapore hotel site gets record bid after curbs

SINGAPORE • A rare plot of land that’s zoned for a hotel near Singapore’s central business district has attracted a record bid as developers shift focus ...

Renault board ready to oust Ghosn as chairman, CEO

By BLOOMBERG
PARIS • Carlos Ghosn is on the verge of losing his final tether to power, with Renault SA said to be laying plans to remove him as its ...

Theresa May’s humbling offers a glimmer of hope

By THERESE RAPHAEL / Pic By BLOOMBERG
It was certainly a historic defeat for the British government. But, while it was called a “meaningful vote”, ...

UK drags Europe’s car market to 1st fall since 2013

By BLOOMBERG
MUNICH • Annual car sales in Europe dropped for the first time since 2013, led by a sagging UK market where concerns over Brexit turned ...

Chinese dissidents in Taiwan airport limbo for over 100 days

TAIPEI • Chinese dissident Liu Xinglian marked his 64th birthday yesterday at the Taiwan Taoyuan International Airport (TTIA), one of two refugees who have ...

Draghi: No recession ahead for euro-area

By BLOOMBERG
FRANKFURT • The euro-area economy isn’t headed for a recession, even though softening momentum underscores the need for European Central ...

UK inflation poised to hit BoE target as fuel prices dip

By BLOOMBERG
LONDON • UK inflation fell to its lowest rate in almost two years in December as the cost of filling up a vehicle plunged. Consumer prices ...

BI says key rate near peak as rate decision looms

JAKARTA • Bank Indonesia (BI) governor Perry Warjiyo signalled the central bank may hold the key rate today, saying the benchmark interest rate has “almost ...

British PM faces confidence vote after Brexit humiliation

May’s own backbenchers rebel in huge numbers over the divorce deal, but the ringleaders say they would still back her in ...

China injects record funds to counter tax, holiday cash demand

By BLOOMBERG
HONG KONG • China’s central bank boosted injections via open-market operations to the most on record to meet seasonal demand for cash due ...