Bloomberg The real joined a selloff in emerging markets as the U.K.’s vote to leave the European Union spurred concern the global economy will weaken at a time when Brazil is already facing its worst contraction in a century. The currency dropped 0.5 percent to 3.3928 per dollar, briefly extending losses after the U.K. was downgraded by S&P Global Ratings. ...

  Our Correspondent EMIRATES BUSINESS Jumeirah Golf Estates is one of the Middle East’s most prestigious residential golf communities, offering a wide range of world-class facilities and more than 1,700 individually designed homes (constructed and under construction) in the United Arab Emirates. Situated just 15 minutes from The Palm and Dubai Marina, Jumeirah Golf Estates is well placed to provide ...

  Our Correspondent EMIRATES BUSINESS Canon, world leader in imaging solutions, has announced the launch of eight new 2MP network cameras. The new range includes an outdoor 360⁰ endless panning model with 30x optical zoom and fast autofocus, and two new fixed box ‘bullet’ models with 20x optical zoom, a first for Canon. All eight new models were on display ...

  Bloomberg London may have just shed its safe-haven property market tag with the U.K.’s vote to break away from the European Union. That’s good news for real estate markets in Asia that offer stability. Singapore, Hong Kong and Australia, which face headwinds including oversupply and high prices, may see money flowing into property as investors flee to safer assets ...

  Bloomberg The Crown Estate, the property company that generates income for Queen Elizabeth II, said the value of its real estate rose 9.7 percent to a record 12 billion pounds ($15.8 billion). Total return, comprising of rental income and value increases, from its properties, wind farms and other assets was about 17 percent over the past year, the London-based ...

  Bloomberg Billionaire Steven A. Cohen’s Point72 Asset Management agreed to move its New York offices to 55 Hudson Yards, the third skyscraper planned for Related Cos.’s $25 billion development on Manhattan’s far west side. Point72, the $11 billion firm that oversees Cohen’s wealth, plans to lease more than 175,000 square feet across six floors in the tower, according to ...

  AP The Qatar Investment Authority is considering abandoning the sale of 1 Cabot Square, an office building in London’s Canary Wharf financial district leased to Credit Suisse Group AG, according to two people with knowledge of the matter. QIA was reviewing the sale plan even before the U.K. voted to leave the European Union, the people said, asking not ...

  Bloomberg Y Combinator, the startup accelerator and investment firm that helped produce Airbnb, Dropbox, and Instacart, is embarking on a creation project arguably more ambitious than any company. “We want to build cities,” wrote Y Combinator partner Adora Cheung and President Sam Altman in an announcement slated for release Monday. YC Research, Y Combinator’s nonprofit arm, plans to solicit ...

  Singapore / Bloomberg Within weeks of India easing aviation rules, Singapore Airlines Ltd.’s local venture is charting a course to take on carriers from the Middle East. It’s counting on a surge in international traffic from the world’s fastest growing major air-travel market. Vistara, in which the city-state’s flag carrier owns 49 percent, is considering buying or leasing wide ...

  Tokyo / Bloomberg Line Corp., Japan’s most popular mobile-messaging service, and its owners are aiming to raise as much as $1.1 billion in what could become the biggest technology initial public offering globally this year. Backed by South Korean search portal Naver Corp., Line and its existing investors are offering 35 million shares at 2,700 yen to 3,200 yen ...