The U.K. Treasury’s paper on the economic costs of Brexit seems competent and thorough, as you would expect — and says those costs would be high, as you’d also expect. That said, it would be a mistake to regard this analysis as settling much. Judging the likely economic costs is an unavoidably uncertain exercise. The range of possible outcomes ...

  The pattern is a familiar one. In February, the Malaysian government proposed allowing 1.5 million Bangladeshi workers into the country to seek employment. A popular backlash ensued and the government quickly backtracked, imposing a moratorium on hiring foreign workers of all kinds, which still stands. In advanced economies, where this kind of back-and-forth is common, that might be the ...

  BLOOMBERG Shares retreated around the world, while crude oil fluctuated amid concerns that a supply glut will persist. The yen strengthened, reflecting investor caution before central bank meetings this week in the U.S. and Japan. The Standard & Poor’s 500 Index fell for the second time in three days since climbing within 1 percent of its all-time high. Energy ...

  ABU DHABI / EMIRATES BUSINESS The Emirates Securities Market Index has decreased by -0.10% to close at 4709.13 points. Accordingly the Market Capitalization has lost AED 0.74 billion attaining AED 763.88 billion. A total of 0.51 Billion Shares were traded with a total value of AED 0.64 billion during the trading session of 25-04-2016 through 6891 transactions. The number of companies ...

  AP Short of savings and burdened by debt, America’s millennials are struggling to afford their first homes in the face of sharply higher prices in many of the most desirable cities. Surveys show that most Americans under 35 lack adequate savings for down payments. The result is that many will likely be forced to delay home ownership and to ...

  Bloomberg Evergrande Real Estate Group Ltd. shares surged in Hong Kong after it agreed to pay 3.6 billion yuan ($555 million) to acquire a stake in China Calxon Group Co. The Chinese real estate developer, which has embarked on a buying spree since last year, closed 3.7 percent higher at HK$5.90 on Monday in Hong Kong, after earlier jumping ...

  Bloomberg China’s banking regulator in Shanghai is halting business between commercial banks and six real estate agencies for a month, the latest in a string of measures to contain risks in the housing market. The suspension, which takes effect on Monday, covers agencies including the local arms of Beijing Homelink Real Estate Brokerage Co., Pacific Rehouse Co. and Shanghai ...

  Bloomberg McDonald’s reported a big jump in first-quarter earnings as chief executive Steve Easterbrook said higher sales in all regions showed a turnaround plan was succeeding. Earnings were $1.1 billion, up 35.4 percent from the year ago period. Revenues dipped 1.0 percent to $5.9 billion. Easterbrook took over as chief executive in March 2015, following a long run of ...

  DUBAI / Reuters A $1 billion Dubai indoor theme park built by a local family conglomerate will break even in its first year of operation, the company said, dismissing concerns that the city is headed for a glut of entertainment attractions. IMG Worlds of Adventure, which owners Ilyas and Mustafa Galadari Group (IMG Group) predict will be the world’s ...

  Bloomberg BHS Group Ltd. expects to enter administration, a company representative said on Monday, putting 11,000 jobs at risk in what would be the biggest U.K. retail collapse since Woolworths Group Plc in 2008. Advisory firm Duff & Phelps is working with the store owner on the administration, a form of insolvency protection, he said. BHS, which opened its ...