Bloomberg Norwegian Air Shuttle ASA is seeking US backing for an expansion of its UK-based long-haul operations that would allow the discount carrier to offer services such as South Africa to New York via London. A successful outcome following an application to the US Department of Transportation could lead Norwegian Air to exercise an option to buy 10 more …

  Bloomberg The U.S. consumer might be the engine of global growth — just not the roaring V12 it used to be. From the fourth quarter of 2003 through 2006, amid the real estate bubble, personal consumption expenditures grew at an average annual clip of 3.5 percent. Since the S&P/Case-Shiller Composite 20-City Home Price Index bottomed out in March 2012, …

  Bloomberg It’s a good time to be a tenant in Singapore. Rentals across the city-state’s home, office and retail properties dropped in the quarter ended March as an oversupply and weak demand dragged down prices sought by landlords. Singapore’s home rental index dropped 1.3 percent in the three months ended March 31 from the previous quarter, data from the …