Bloomberg Private home sales in Singapore soared to the highest in 16 months in July as buyers rushed to snap up properties hours before curbs aimed at quelling speculation came into effect. Developers sold 1,724 units last month, the Urban Redevelopment Authority said in a statement. That’s more than double the 654 units sold in June and the highest since …

Bloomberg Indonesia’s central bank raised its benchmark interest rate a fourth time since May in a surprise move aimed at underpinning the currency as volatility sweeps across emerging markets. The seven-day reverse repurchase rate was increased to 5.5 percent from 5.25 percent on Wednesday, as forecast by just seven of 28 economists in a Bloomberg survey, with the rest predicting …

Bloomberg Canada’s largest lenders have boosted their capital enough in the past two years to withstand a 35 percent decline in housing prices in Ontario and British Columbia and 25 percent in the rest of the country, according to Moody’s Investors Service. Canada’s six biggest banks and Quebec’s Desjardins Group “incrementally improved” their capital buffers to absorb $10.9 billion in …