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DLF: India’s credit market turmoil to help home sales

Bloomberg The turmoil in India’s credit markets, brought on by defaults at a major infrastructure financier, will benefit the nation’s largest developer, allowing it to sell homes while peers struggle to get money to finish their projects. Gurugram-based DLF has adequate liquidity and access to capital to meet all of its obligations on time. It believes that it is well ...

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China critic’s Hong Kong art show cancelled after threat

Bloomberg A Hong Kong exhibition featuring an artist critical of China — as well as the band Pussy Riot and former protest leader Joshua Wong — has been cancelled because of “threats” by the Chinese authorities, the organier said. “The decision follows threats made by the Chinese authorities relating to the artist,” the organiser, Hong Kong Free Press, said in ...

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Berkshire Q3 profit surges as Buffett’s insurers weather storms

Bloomberg Berkshire Hathaway Inc.’s insurers dodged the worst of losses caused by Hurricane Florence as the businesses kept up their rebound from a rough 2017. The company’s operating profit doubled last quarter, capitalising on trends ranging from more train traffic on its railroad to a surge in demand for electronic components. The biggest boost came from the insurance division, where ...

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