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Singapore tops luxury real estate ranking

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Bloomberg Guess which city managed to top a luxury real-estate ranking despite a slew of cooling measures to tame its property market? Yes, the tiny island nation of Singapore, nudging out Hong Kong. Luxury home prices rose 13 percent in the quarter ended September 30 from a year earlier, according to Knight Frank LLP’s Prime Global Cities Index. Gains were ...

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India Inc. faces ‘trust deficit’ after lender default: S&P

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Bloomberg Borrowing conditions for Indian companies will likely remain tough for months as fallout from defaults at Infrastructure Leasing & Financial Services Ltd. continue to weigh on the nation’s debt market, according to S&P Global Ratings. “India’s financial markets are facing a trust deficit,” S&P credit analyst Geeta Chugh wrote in a note. “The disruption could put a strain on ...

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Docomo to spend $8.8bn on 5G

Bloomberg NTT Docomo Inc., Japan’s second-biggest mobile phone carrier by sales, plans to invest 1 trillion yen ($8.8 billion) on infrastructure over five years for 5G services that allow faster data transmission. The carrier also increased planned investment this year by 10 billion yen for offering “pre-commercial” 5G services at limited locations including airports, stadiums and Docomo premises by September ...

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