San Francisco / AFP Online retail colossus Amazon has boosted its fledgling air cargo service as it moves to gain more independence from freight firms for delivery of online purchases. Atlas Air Worldwide Holdings will provide air cargo services to Amazon, which also obtained an option to buy a stake in the New York-based company, the companies said in …

  Bloomberg Hong Kong property stocks were downgraded by Goldman Sachs Group Inc., which predicts a 20 percent decline in home prices as borrowing costs rise. The drop will be “driven chiefly” by a potential 150 basis points to 200 basis points increase in interest rates and the “limited prospect of any loosening of government cooling measures in the near …

  Bloomberg The Qatar Investment Authority( QIA) is in advanced talks to buy the luxury St. Regis hotels in New York and San Francisco from Starwood Hotels & Resorts Worldwide Inc., according to people with knowledge of the discussions. The properties may be worth as much as $1 billion, though they could sell for less, said the people, who asked …