Singapore has retained its unenviable ranking as the world’s most expensive city for the third straight year, with Hong Kong and Seoul also joining the top 10 list. But while residents of the powerhouse Southeast Asian economy are likely not exactly celebrating their status, at least those residing Down Under can still see the joy in life’s lot while they …

Increasingly, central bankers, economists and market watchers are discussing the pros and cons of what’s called helicopter money, a 47-year old idea that posits a way to kickstart an economy through dropping money on its citizens. Peter Praet of the European Central Bank, for example, said in an interview published last week that “all central banks can do it” if …

Bloomberg South Africa is struggling to stave off recession after commodity prices fell, demand from China weakened and the worst drought in more than a century. Investors are still making more profit from that country’s property companies than from landlords in central London. Growthpoint Properties Ltd., South Africa’s largest real estate investment trust, and Resilient REIT Ltd. have gained more …