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Cheap money crushes pessimism in Singapore offices

  Bloomberg  Everything that could go wrong for Singapore’s commercial property market already has. The city-state’s export-driven economy is slowing, banks are shrinking, industrial production is sputtering, home prices are falling, and consumers are the glummest in seven years. To make matters worse, tourism and hospitality businesses are being threatened by the Zika virus, which has infected more than 300 ...

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UK appointee to EU executive vows freedom from London

  Bloomberg The new U.K. appointee to the European Union’s executive arm pledged to act independently of the British government as the rest of the EU waits for Prime Minister Theresa May to trigger Brexit negotiations. Julian King, a career British diplomat designated to become counter-terrorism chief at the European Commission, told a confirmation hearing that he has the international ...

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Brexit fails to boost support for Scots independence

  Bloomberg Britain’s decision to leave the European Union has failed to boost support for Scottish independence, with more voters still opposed to a split with the rest of the U.K., according to the latest poll. The survey by Kantar TNS found 47 percent of people in favor of sticking with Britain and 41 percent backing independence. After excluding the ...

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