Bloomberg Shanghai, China’s financial hub, is putting in place new measures to curb a surge in property prices as part of the country’s latest push to ensure stable and healthy real estate development. The new steps announced by the city’s housing commission include increasing land supply and forbidding price increases in new home pre-sales without approval. In addition, punishment ...

DUBAI / Reuters Banking shares dragged Saudi Arabian stocks lower on Sunday while most other Gulf markets were sluggish as investors waited for third-quarter corporate earnings announcements. Good news on Egypt’s International Monetary Fund loan boosted that market. The Saudi stock index sank 2.2 percent as the banking index tumbled 4.5 percent. Banque Saudi Fransi plunged by its 10 percent ...

Bloomberg U.S. stock market investors have put Dec. 14 firmly in their crosshairs. Amid a range of reports showing the U.S. economy can withstand an interest-rate increase, investors are punishing industries likely to suffer with tighter monetary policy and shifting cash into groups that benefit from higher borrowing costs and economic growth. The S&P 500 Index tumbled 0.7 percent to ...