BEIJING / AP China will raise its defense budget by about 7 percent this year, a government spokeswoman said Saturday, continuing a trend of lowered growth amid a slowing economy despite regional tensions over the South China Sea and other issues. Total defense spending would account for about 1.3 percent of projected gross domestic project in 2017, said Fu ...

  Bloomberg The world’s biggest pension fund posted the biggest quarterly gain in its history as Japanese stocks surged and a plunge in the yen boosted overseas investments after Donald Trump’s election victory. The Government Pension Investment Fund returned 8 percent, or 10.5 trillion yen ($92 billion), in the three months ended December 31, increasing assets to 144.8 trillion yen, ...

  Bloomberg PropertyGuru Pte, the top Southeast Asian real estate website backed by TPG Capital, expects to become profitable this year as it digests a clutch of acquisitions and rides growth in markets such as Indonesia and Vietnam. “We have hyper-growth, our revenues are growing over 30 percent,” Chief Executive Officer Hari Krishnan, 39, said in an interview in Singapore. ...