Bloomberg Property developers have beaten every industry group on India’s benchmark equity index this year, but BNP Paribas Asset Management India Pvt. isn’t impressed. A gauge of realty stocks has soared 62 percent since January 1, almost five times the climb in the S&P BSE Sensex, as the government took steps to bolster the industry that was one of ...

  Bloomberg Australia’s government finally took up the central bank’s call for economic stimulus in its annual budget, with a A$75 billion ($55 billion) infrastructure plan as its centerpiece. Road, rail and runway construction will support growth from Western Sydney to Western Australia, Treasurer Scott Morrison announced in Canberra on Tuesday. His plan promises to create thousands of jobs in ...

  Bloomberg A bond slump in China hasn’t damped top global funds’ interest in the $9 trillion market as the government opens the door to greater access. Neuberger Berman Group LLC, based in New York, is considering launching a private fund with a focus on bonds after Fidelity International became the first global asset management firm to do so in ...

  Bloomberg NetLink Trust, the fiber broadband network provider backed by Singapore’s biggest phone company, started briefing analysts this week ahead of an initial public offering that could raise at least S$2 billion ($1.4 billion), people with knowledge of the matter said. The arm of Singapore Telecommunications Ltd. began meeting research analysts to explain its business model, which will later ...

  Bloomberg US securities regulators are investigating whether bonds backed by single-family rental homes and sold by Wall Street’s biggest residential landlords used overvalued property assessments. Radian Group Inc.’s Green River Capital unit is one of the market participants that received a request for information from the Securities and Exchange Commission in March about broker price opinions, or BPOs, the ...

  Bloomberg UK consumer-spending growth slowed in April and is forecast to remain weak in the coming months, according to a report from Visa. Its index showed spending rose an annual 0.5 percent in April, down from 1 percent in March and marking one of the slowest rates of growth in the past three years. Weaker household demand is also ...

  Bloomberg Pandora Media Inc., struggling with widening losses and a tepid outlook for its online music business, is shaking up its board and stepping up efforts to find a possible buyer. The Oakland, California-based company said in a statement it received a $150 million infusion from KKR & Co., the private-equity firm. Two directors will leave and Pandora will ...

  In his heroically doomed 48-year campaign to promote The Washington Monthly, Charles Peters hit upon one especially apt (if un-catchy) slogan: “If you’re not afraid of being right too soon.” Peters founded his little magazine in 1969. From the start, he needled mainstream liberals about issues that weren’t getting enough attention at the time: income inequality, entrepreneurship, Wall Street’s ...

  A victory for liberal candidate Moon Jae-in, the favourite in Tuesday’s presidential elections in South Korea, would end nine years of conservative rule, and may energize what Mirae Asset Daewoo Co.’s investment strategist Peter Kim calls the “Occupy chaebol” movement. For shareholders of Samsung Electronics Co., the shifting political winds could mean more dividends and share buybacks. Popular angst ...

  Energy Secretary Rick Perry is right to say the U.S. needs a long-term solution to its massive nuclear waste problem. It also makes sense for Perry and some members of Congress to see Yucca Mountain as part of that solution — though many Nevadans promise to make sure it won’t be. But even if Yucca can survive the political ...