Bloomberg Hong Kong’s move to make it easier for first-time home buyers to break into the world’s least-affordable housing market has had an immediate effect, with sales surging in the past two weeks. Sales in the secondary market have more than doubled since mortgage rules for first-time buyers were eased mid-October, Midland Realty Ltd said. Primary home sales are also ...

Bloomberg India, the world’s biggest buyer of palm oil, is considering a proposal to further increase import taxes on the refined variety to boost local processing and cut dependence on overseas purchases, according to people with knowledge of the matter. The government is discussing a proposal to impose a new levy in addition to the existing import duty and raise ...

Bloomberg When Elon Musk’s Tesla Inc delivered positive earnings few saw coming last quarter, China’s top electric carmakers were weathering a historical contraction in demand. Warren Buffett-backed BYD Co, the country’s biggest maker of new energy vehicles — all-electric, fuel-cell and plugin hybrid cars — just reported an 89% slump in third-quarter earnings and warned profit could fall as much ...