London / Bloomberg China’s Ministry of Finance said it will cut taxes on home transactions as it steps up support for the property market, after the central government eased mortgage down payment requirements to the lowest level ever earlier this month. China will set the deed tax at 1.5 percent of the home’s value for first residences bigger than 90 ...

Bloomberg Yandex NV agreed to buy its Moscow headquarters after surging rent payments that are linked to the U.S. dollar curbed profits as the local currency lost half of its value in the last two years. The company, which operates Russia’s biggest search engine, will finance the purchase of seven buildings from Cyprus-based Krasnaya Roza 1875 Ltd. by issuing 12.9 ...

Rio De Janeiro / Bloomberg Some of the luxury apartments built in anticipation of the 2016 summer Olympic Games are at risk of being left unsold as the housing market deteriorates in Rio de Janeiro, Mayor Eduardo Paes said in an interview. Developers will have a hard time selling units at the 31- building Olympic Village, known as Ilha Pura, ...