Bloomberg Increasing infrastructure investment is the best way to boost economic growth in China and doing so doesn’t undermine efforts to overhaul the economy, according to former central bank adviser Yu Yongding. “If China does not increase infrastructure investment now, it may miss a historical opportunity,” Yu said on Saturday at an economics conference in Beijing. “In order to ...

  Bloomberg New York luxury-condo builder Extell Development Co. says it’s taking longer than expected to obtain construction financing for its One Manhattan Square project as lenders pull back from the market. Extell had anticipated getting a construction loan for the downtown project by the beginning of June, as a condition of closing a separate financing deal with RXR Realty ...

  Bloomberg When interior designer Timothy Corrigan bought Château du Grand-Lucé, an 18th century neoclassical mansion in France’s Loire Valley, for €2.2 million ($2.46 million) in 2005, “I figured I’d be there at least one weekend a month,” he said. “Last year, I was there a total of six days. This year, I haven’t been there once.” Now he’s putting ...