Bloomberg India’s shadow lenders are facing a fresh threat, just as they were starting to recover from the fallout of landmark defaults last year by one of their own. The lenders could come up against a new cash shortage, if concerns about debt at conglomerate Essel Group ricochet through India’s money markets, according to Citibank and Credit Suisse. There’s reason …

Bloomberg HNA Group Co., the debt-laden Chinese conglomerate on a selling spree, agreed to dispose of its last plot of land near Hong Kong’s former Kai Tak airport, ending ambitions for a massive residential project in the world’s most expensive property market. A unit of Wheelock & Co. agreed to buy the land from HNA’s Hong Kong International Construction Investment …

Bloomberg Hong Kong’s limited supply of land has forced it to look at unusual and costly options to address a chronic homes shortage in the world’s least affordable housing market. One of the ideas the government is considering is to build four artificial islands in its central waters. This would cost HK$500 billion ($63.7 billion), the South China Morning Post …