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RIP HNA group, and the $143b empire you built

The house of HNA Group Co. may be no more, bringing an end to the dramatic rise and fall of one of the biggest buyers of global assets in recent years. It was about time. The Chinese government is planning to take over the airline-to-insurance-to-property conglomerate that splashed out over $40 billion in recent years to buy assets including stakes ...

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Hong Kong Teflon home prices are virus-proof

Hong Kong’s home prices have proved resilient to months of protests and now the coronavirus epidemic, a one-two punch that the city’s finance chief likened over the weekend to “tsunami-like” shocks. While a hit is probably coming, the world’s least affordable housing market still looks a better place to be than in Hong Kong office or retail property. Home prices ...

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US consumers are piling up debt, and that’s fine

Consumer debt is rising in the US, and the reaction to this news has been both heated and predictable: “Americans in record debt: It’s our own fault,” read one headline in a conservative publication last week. A business website went with something more colourful: “The State of the American Debt Slaves, Q4 2019.” And presidential candidates have chimed in to ...

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