Tokyo / Bloomberg Japan’s Prime Minister Shinzo Abe said on Sunday he will create an extra budget to address the economic damage caused by deadly earthquakes in Kumamoto earlier this month. Abe wants to pass the budget before the current parliamentary session ends on June 1, which comes ahead of an upper house election in July. The earthquakes, which killed ...

  Sydney / Bloomberg Australia’s government ruled out curbing a tax break for property investors as it woos homeowners ahead of an expected July election. Prime Minister Malcolm Turnbull confirmed there will be no reform of so-called negative gearing, which allows investors to deduct the costs of owning a rental property, including mortgage interest payments, from their taxable income. That ...

  New Delhi / AFP India’s government has revoked embattled former airline boss Vijay Mallya’s passport, after he failed to appear before investigators over a loan probe, the foreign ministry said on Sunday. Mallya, a part-owner of the Force India Formula 1 team who used to run Kingfisher Airlines, left India on March 2 despite calls for his arrest and ...