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Singapore announces surprise property curbs to cool market

Bloomberg Singapore’s renewed clampdown on speculative property demand sent real estate stocks reeling, as analysts predicted the end of a nascent home price rebound and the deflation of a buoyant market for collective sales. The tightened rules sharply increase buyers’ stamp duties for entities such as developers. Singapore’s benchmark Straits Times Index dropped 2 percent Friday as property developers and ...

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Japan floods: Death toll rises to 66

Bloomberg Flooding and landslides throughout western Japan have killed at least 66 people, forced thousands from their homes, knocked out electricity and halted operations at companies ranging from Panasonic Corp. to Amazon.com Inc. The death toll from what’s described as “historical rainfall” nearly tripled on Sunday from July 7, with local television showing overflowing rivers, submerged vehicles, collapsed roads and ...

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India sees slower shift to EVs in blow to green vehicles goal

Bloomberg India’s shift to electric vehicles has to be “gradual,” a government adviser said, signaling that the country may have further watered down its ambitions of having green vehicles comprise about a third of its fleet by 2030. India needs to push for EVs in a consistent manner over a long period of time and ensure that automobile jobs stay ...

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