Bloomberg Hong Kong’s old Kai Tak airport was famed for its hair-raising landings, as planes skimmed apartment rooftops before touching down just minutes from bustling Kowloon. Now, the site is morphing into one of the city’s biggest real estate developments with multi-million dollar apartments slowly filling up even as new parcels of land go for record prices. China Resources Land ...

Bloomberg The heaviest downpour since 2005 inundated Mumbai, delaying trains and planes and spurring the city administration to declare a holiday. Flights to Mumbai were delayed, diverted or cancelled after a Boeing Co 737 aircraft operated by SpiceJet Ltd overshot the runway amid heavy rains. Precipitation over the past 24 hours was the second-heaviest on record, said KS Hosalikar, deputy ...

Bloomberg Moody’s Investors Service’s India unit has put its chief on leave amid a probe into a controversial rating decision, in the latest sign of trouble in the nation’s credit evaluation industry. ICRA Ltd’s board has decided to place Chief Executive Officer Naresh Takkar on leave, the company said in an exchange filing. The rater is examining concerns raised in ...