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S’pore rebound masks consumer pain as job losses mount

Bloomberg Singapore’s economy may be picking up, but consumers aren’t feeling it. After two years of below-par growth, economists and even the government are becoming more positive on the outlook. While it’s not boom time yet, the consensus is that 2017 growth will come in higher than last year’s 2 percent. A large part of that is down to exports: ...

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Australian economy lack confidence even with recession fears receding

Bloomberg Australia saw off recession fears this week, though the economy remains anemic. The local dollar surged toward its best weekly gain since March, only to run into turbulence when data dump showed a tumble in exports. A flattening yield curve and a sliding stock market also highlighted concerns that the nation’s 26-year streak of recessionless growth is getting weary. ...

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Blackstone’s ‘equity office era’ nears end

Bloomberg The largest real estate buyout of all time is set for its final chapter as Blackstone Group LP moves towards selling San Francisco’s landmark Ferry Building and two other properties. The waterfront icon, with its soaring clock tower modeled on the 12th-century Giralda bell tower in Seville, will go on the sales block in coming weeks, a decade after ...

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