Bloomberg Hong Kong housing prices are close to their peak and economically “unsustainable,” said Cusson Leung, managing director at J.P. Morgan Chase & Co.’s Asia Pacific equity research unit. Price increases in the world’s most expensive home market have outpaced Hong Kong’s gross domestic product growth “significantly” since 2009, and any external shocks could trigger tighter liquidity in the …

  Bloomberg India, set to become the world’s largest steel producer after China, churned out a record amount in the year through March to feed rising local demand, while boosting exports to the highest ever. Output jumped 11 percent to 101.3 million metric tons and the nation was a net exporter for the first time in three years, doubling shipments …

  Bloomberg BHP Billiton Ltd. is being targeted for an overhaul by occasional activist Elliott Management Corp., which urged the world’s biggest mining company to spin off about $22 billion of US oil assets and list them in New York. Elliott says BHP, which has two separate legal entities listed in Sydney and London that are run as one group, …