Bloomberg Sun Hung Kai Properties Ltd.’s record HK$25.2 billion ($3.2 billion) purchase of a coveted plot near Hong Kong’s former airport signals that the city’s developers are brushing off concern that expected rate increases will damp the red-hot housing market. Sun Hung Kai beat out bidders including units from CK Asset Holdings Ltd. and Henderson Land Development Co., paying almost ...

At the beginning of 1997, Malaysia appeared to be one of the world’s great success stories. Economic growth had topped 9 percent in eight of the previous nine years (and was 8.9 percent in the other one). Foreign investment had been pouring in. The world’s tallest building had just topped off in the capital, Kuala Lumpur, and a spectacular new ...

Enron Corp. is long gone, but the scandal it left behind in India has beguiled the country’s lenders for almost two decades. However, if the bankers who financed the US energy company’s unviable power plant in Maharashtra state aren’t ruing that 2,000-megawatt debacle any more, it’s only because they’re now staring at a mess 20 times bigger. India’s total electricity-generation ...