Xue Gong SPECIAL TO EMIRATES BUSINESS On the first day of June, a central State-owned Enterprise (CSOE), Cindare Property, affiliated with the Ministry of Finance, placed a bid for the land in Gu Village of Shanghai at the price of 5.805 billion yuan. Its premium was over 303 percent, setting a record for the highest property deal and creating …

  Bloomberg Boeing Co. said it expects to report a $2.1 billion after-tax accounting cost for the second quarter as it absorbs expenses from programmes with well-publicised stumbles: the 787 Dreamliner, the 747-8 jumbo jet and a refuelling tanker for the US Air Force. The largest blow is related to the Dreamliner, Boeing’s carbon-fiber jet, which debuted more than two …

  Bloomberg US back-to-school spending will grow 11 percent this year, a sign that families are more confident about the economy and ready to stock up on supplies, according to a survey from the National Retail Federation. Families with children ranging from kindergarten through 12th grade will shell out about $673.57 this year, the Washington-based trade organiation said in a …