Ignore the noise. China’s long-delayed property tax is probably still at least three years away, despite a flurry of recent announcements. The concept of a levy on homeowners collected by local authorities is certainly gaining currency. Premier Li Keqiang said China “will steadily push forward legislation” in his annual report to the National People’s Congress. The tax may be based ...

The central issue in British politics is not, as you might have thought, Brexit. It’s housing. New analysis shows that Britain’s long-festering housing shortages contributed to the 2017 election that cost the Conservatives their majority. While Brexit divisions cut across party lines, Britain’s housing problems overwhelmingly benefit Labour. Now, it seems the government may finally be grasping the extent of ...

Bloomberg Deutsche Bank AG plans to raise as much as 1.8 billion euros ($2.2 billion) in an initial public offering of its asset-management unit, a key pillar of the German lender’s turnaround strategy. The offering values the asset manager at as much as 7.2 billion euros, a valuation that would align it with its bigger peer Amundi SA. Nippon Life ...