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China home price growth accelerates

Bloomberg New-home price growth in China snapped a four-month weakening streak, one of the first official signs there may be a widespread recovery in the nation’s housing market. The value of new homes, excluding government-subsidised housing, gained 0.61 percent on average in March from February in 70 major cities tracked by the nation’s statistics bureau, official data released showed. That ...

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Brighter India monsoon outlook brings cheer amid polls

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Bloomberg India’s forecast of plentiful rain during this year’s monsoon may come as a relief to its farmers as well as Prime Minister Narendra Modi, who’s seeking a second term in office in national elections currently underway. Annual rainfall during the June-September rainy season, which waters more than half of the country’s farmland and is crucial for economic growth, is ...

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US tech firms’ buybacks hit record $387bn

Bloomberg Some of the largest US technology companies pushed for a corporate tax overhaul in 2017 by suggesting they would go on hiring sprees and boost the economy. Just over a year after getting what they wanted, data show these firms gave most of their huge tax savings to investors. The top 10 US tech companies spent more than $169 ...

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