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Hong Kong property shares turn toxic as mortgage costs spike

  Bloomberg Hong Kong’s property developers are fast falling out of favor among investors as surging mortgage costs and punitive taxes threaten to choke home sales. A gauge of real estate companies traded on the city’s stock market has tumbled 13 percent this quarter, with developers accounting for half of the biggest losers on the benchmark Hang Seng Index, which ...

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Australia records biggest job gain this year

  Bloomberg Australia’s economy recorded its biggest monthly jobs gain this year, led by full-time employment, while a higher participation rate also signaled a healthier labor market. Employment jumped 39,100 from October, more than double economists’ forecast for a 17,500 gain. October jobs gain was upwardly revised to 15,200 from 9,800. Jobless rate rose to 5.7 percent from 5.6 percent. ...

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GM-SAIC venture under China anti-trust probe

  Bloomberg General Motors Co.’s joint venture in China with SAIC Motor Corp. is being investigated by the government for possible anti-trust violations, according to people familiar with the matter. Any action by the National Development and Reform Commission, which is conducting the probe, may be subject to changes, said the people, who asked not to be identified because the ...

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