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Developing Asian economies to grow 5.6 percent: ADB

  MANILA / AP The Asian Development Bank said on Monday it had cut its 2016 growth projection for developing economies in Asia and the Pacific to 5.6 percent, down from its earlier forecast of 5.7 percent, but added that the economies’ performance will remain solid and help offset softness from the US economy and near-term market shocks from Britain’s ...

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Buy a London home, win a parking lot

  Bloomberg London homebuilders are offering to pay sales taxes, gift 20,000 pounds ($26,800) of furniture and the chance to win a free parking space as Britain’s vote to leave the European Union damps demand. Brexit will damage the UK economy and residential property values in London could fall by more than 30 percent, Societe Generale SA analysts including Marc ...

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Yuan shakes as property prices slow

  Bloomberg China’s yuan extended losses in early trading to tumble to the weakest level since 2010, pulled down by cooling property prices, a dollar rebounding on haven demand and a weaker central bank fixing. New home prices rose in fewer cities in June compared with a month earlier, official data showed on Monday, raising concern that a real estate-supported ...

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