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Singapore luxury home prices drop

Bloomberg Singapore home prices fell for a second straight quarter, with values of luxury dwellings falling the most in almost a decade as property curbs imposed mid-last year took some heat out of the market. Private residential prices declined 0.6 percent in the three months ended on March 31 from the previous quarter, when they fell 0.1 percent, the Urban ...

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DSV plans to acquire Panalpina in $4.6bn Europe logistics deal

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Bloomberg DSV A/S agreed to acquire Swiss rival Panalpina Welttransport Holding AG in a deal worth $4.6 billion that will create one of the world’s largest companies in logistics and freight forwarding. The board of directors of Panalpina recommended shareholders accept the mostly stock offer worth 196 Swiss francs a share, the companies said in a statement on Monday, confirming ...

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Sweden says trade row, Brexit may limit scope for spending

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Bloomberg Sweden’s government said risks stemming from the UK’s efforts to leave the European Union and global trade tensions are clouding its economic outlook, as it lowered growth and surplus forecasts for the years ahead. The center-left coalition ruling Scandinavia’s biggest economy said economic indicators show that growth will slow during 2019, making it more difficult to set ambitious budget ...

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