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British tycoon unveils plans for hyperloop in India

Bloomberg British tycoon Richard Branson-backed Virgin Hyperloop One is proposing to build a super-fast transportation system in India that would connect the city of Pune with the planned new airport in Mumbai in 25 minutes, saving about three hours. The founder of Virgin Group signed a preliminary agreement in Mumbai for a broad hyperloop framework, the company said. A demonstration ...

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Singapore property stocks show ‘fatigue’

Bloomberg A spate of enbloc sales, coupled with a rebound in the property market at the start of the year, may indicate that Singapore developers will be more cautious in adding to landbanks and about their pricing strategies, analysts say. Collective apartment sales in the first two months of 2018 totaled over $2.4 billion, almost twice the S$1.66 billion seen ...

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Noble flags $5bn loss

Bloomberg Noble Group Ltd., the commodity trader battling to survive, warned that it’ll report another vast loss including from the operations meant to sustain a revamped business, and while it signalled progress in debt-restructuring talks, hurdles to a deal remain. The Hong Kong-based company will report a net loss of $1.73 billion to $1.93 billion for the final quarter of ...

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