Bloomberg 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 after last year’s property cooling measures. Midtown Development Pte, bid S$562.2 million ($415 million) for the site, the highest among eight offers received, the Urban Redevelopment Authority said. The land adjacent to Club Street, an ...

Bloomberg Du Zhenye outperformed his peers in China last year by selling nearly all his stock holdings and piling into bonds. He’s predicting 2019 will be similar for the market. “Bonds will be a sure bet,” said Du, who plans to buy short-dated debt issued by local government financing vehicles, as well as long-dated government and policy bank notes. Falling ...

Bloomberg More Xiaomi Corp shareholders are rushing for the exit. An undisclosed investor sold 231 million Class B shares at HK$9.45 apiece, according to people with knowledge of the matter, a 5.1 percent discount to Tuesday’s close. The placing follows the end of a six-month lockup last week that has allowed early shareholders to sell Xiaomi stock for the first ...