Bloomberg Student housing in Europe and Australian infrastructure are luring global funds out of their comfort zone, as a South Korean manager of local government employee savings joins peers around the world getting creative overseas in search of better returns. Institutional investors from Seoul to New York are increasingly on the prowl for alternative assets, as low interest rates at ...

Bloomberg A luxury home in Hong Kong set a price record for apartment sales in Asia, even as the government seeks to tame property prices in the world’s least affordable market. The penthouse duplex unit in Henderson Land Development Co.’s 39 Conduit Road project was sold for about $67 million, or HK$105,000 per square foot, the city’s Sing Tao Daily ...

Bloomberg Australia is sending a naval vessel to help Vanuatu in its efforts to evacuate 11,000 residents from Ambae Island as a volcano there threatens to erupt. The HMAS Choules left Australia on Saturday morning and is expected to arrive in the middle of next week, the Australian government said . The Choules is carrying specialists, supplies and a landing ...

Unsurprisingly, President Donald Trump hasn’t held back when speaking about the political crisis in Venezuela. Before the United Nations General Assembly, he demanded the full restoration of “democracy and political freedoms” in the Latin American country. A month earlier, he stunned many by stating that he would not rule out a military intervention. His UN ambassador, Nikki Haley, has echoed ...

Japan’s main opposition party agreed to merge with a new group created by Tokyo Governor Yuriko Koike, setting her up as the main challenger to Prime Minister Shinzo Abe as he dissolved parliament ahead of an October 22 election. The Democratic Party, one of Japan’s top political forces for the past two decades, decided on Thursday to run its candidates ...

When you think of pollution from coal-fired power plants, you may envision dark soot puffing out of tall smokestacks, peppering the air and making it harder for people to breathe. But since technology has eliminated much of this airborne pollution, what’s worse for the environment now is coal ash, a sludge that pours from US power plants at the rate ...

With the release of their new “framework” for tax reform, President Donald Trump and congressional Republicans have once again succeeded in avoiding an actual plan. At best, it’s the start of a process that might conceivably lead somewhere. The framework has some commendable principles—calling for simpler, lower taxes for businesses and the middle class; a broader tax base with fewer ...

“We have to get massive border security,” President Donald Trump declared 10 days ago. There has to be “100 percent operational control” of America’s border with Mexico, Senator John Cornyn, a Texas Republican, likes to say. This is good stuff for the conservative base, evoking the specter of hordes of lowlife immigrants storming across the border and threatening US security ...

While much of the world’s attention is fixated on North Korea and its nuclear ambitions, something with the potential to be equally globe-rattling is taking place, generally unnoticed, in South Korea. There, new President Moon Jae-in is charting an entirely contrary course in economic policy than much of the rest of the developed world. If successful, the experiment could alter ...

It’s clear after election in Germany that the electoral failures of established socialist parties in Europe are not a few isolated events but a trend, an existential crisis for the center-left. There are few better illustrations of this crisis than Social Democrat leader Martin Schulz’s futile anger at Chancellor Angela Merkel in the aftermath of Sunday’s election. Schulz called her ...