Bloomberg India’s first ever real estate investment trust has outperformed peers since its debut in late March, helped by a low interest rate environment that’s forcing investors to look elsewhere for yield. Blackstone Group LP-backed Embassy Office Parks REIT has risen 21 percent since its listing, beating indexes that track REITs in Singapore and Japan. “This kind of return isn’t ...

Bloomberg Cattle farmers in Britain and Germany are among the latest winners from a shortage of meat in China. The UK and China reached a deal to allow British beef to be sold to the Asian country by year-end. That marks the first potential shipments since the 1990s, when British beef was banned amid an outbreak of mad cow disease. ...

Bloomberg Water outages will again hit the Philippine capital due to reduced supply at its main reservoir despite the start of the rainy season. Manila Water Co Inc, a unit of Ayala Corp, said the eastern part of the capital was expected to have supply interruptions on Tuesday. Maynilad Water Services Inc, a unit of Metro Pacific Investments Corp, told ...

Bloomberg Kirk Brennan, director of undergraduate admission at the University of Southern California, was on a bus in Baotou earlier this month, part of a multi-school recruiting trip in Inner Mongolia, when he heard the news: The Chinese Education Ministry had issued a warning to students studying in the US to be vigilant about restrictions on academic visas. It’s hard ...

Bloomberg The Pentagon plans to send about 1,000 more troops to the Middle East as tensions rise between the US and Iran, though President Donald Trump called two recent tanker attacks blamed on the Islamic Republic “very minor.” “I have authorised approximately 1,000 additional troops for defensive purposes to address air, naval, and ground-based threats in the Middle East,” Acting ...

Bloomberg Saudi Arabia intercepted and destroyed a drone laden with explosives over the city of Abha, state-run Saudi Press Agency (SPA) reported. Another was intercepted and destroyed over Yemeni skies on its way to the kingdom, according to SPA, which cited Saudi-led coalition spokesman Turki al-Maliki. Houthi rebels in Yemen have repeatedly attacked Saudi Arabia’s Abha international airport in recent ...

Bloomberg More than 27,000 people have been killed in attacks in northeastern Nigeria since 2009, the United Nations said. “The humanitarian crisis in northeast Nigeria is one of the most severe in the world and is first and foremost a protection crisis,” Edward Kallon, the UN humanitarian coordinator in Nigeria, said in emailed statement. “Women, men and children face grave ...

Bloomberg Philippine President Rodrigo Duterte is standing by China over a collision involving the two nations’ boats in the South China Sea, with his spokesman casting doubts on local fishermen’s accounts of the incident. In his first public statement about what he described as a “maritime incident,” Duterte said China’s side should be heard on the collision that resulted in ...

Bloomberg The UK’s former ambassador to the European Union blasted the “denial, delusion-mongering and deception” in British politics, which he predicts is leading the country to a damaging no-deal Brexit. Ivan Rogers, who served as Theresa May’s envoy in Brussels until 2017, attacked the political elite “which has great difficulties discerning and telling the truth.” All the candidates in the ...

Bloomberg Rory Stewart, the rank outsider in the contest to become Britain’s next leader, is suddenly winning support and giving his bigger-name rivals a reason to worry. Officials working for three better-known contenders privately said they believed Stewart could deliver a major upset in the Conservative Party leadership votes this week. His rivals have now begun taking him seriously as ...