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S’pore home sales surge amid apartment glut

Bloomberg Sales of private apartments in Singapore rebounded in November amid concerns a property glut could halt a nascent price recovery. Developers in the city-state sold 1,147 units last month versus 931 dwellings in October, urban redevelopment authority data released on Monday showed. The 23% gain came despite fewer apartment launches; home builders launched 740 apartments for sale last month ...

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Blackstone’s Amit Jain promoted as senior MD in India

Bloomberg Blackstone Group Inc has promoted Amit Jain as its senior managing director and one of its partners in India as the investment giant expands in Asia’s third largest economy. Representative for Blackstone confirmed an earlier Bloomberg News report on Jain’s appointment, which will be effective from January 1. Jain, who joined the investment firm in 2010, is a managing ...

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German factory slump deepens again as recovery seems elusive

Bloomberg Just when German factories appeared to be exiting a yearlong slump that battered the country’s economy, it worsened again. The last surveys of purchasing managers for 2019 highlight the dire state of industry in Europe’s largest economy, which was one of the largest drags on the 19-nation euro zone this year. There were also disappointing numbers out of France ...

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