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. …

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 …

Bloomberg The UK election result will create more uncertainty for the London property market, affecting values and sales volumes, real estate brokers say. London homebuilders that develop high-end homes dropped after the hung parliament. Crest Nicholson Holdings Plc fell 6.7 percent, the most in 11 months, and was down 5 percent at 580 pence at 1:16 p.m., making it the …