Bloomberg Europe’s largest money managers are divided on whether to venture near the region’s stocks after the biggest-ever slump made them a steal, going by history. Amid concern that U.K. secession threatens Europe’s political and economic stability, the Euro Stoxx 50 Index dropped 8.6 percent on Friday, led by a record selloff in bank shares, while volatility jumped. That ...

  Bloomberg For all the damage it’s doing to a fragile global economy, Brexit might have some unintended positive consequences. Among them, perhaps, a soft landing for Singapore’s wobbly property market. With hindsight, the seemingly excessive S$3.4 billion ($2.5 billion) that Qatar Investment Authority paid BlackRock this month to buy an office tower amid a glut of commercial space could ...

  DUBAI / AFP Harrods, the Savoy, the Shard — London property has long been a magnet for Gulf investors and Britain’s vote to leave the European Union is unlikely to dampen their interest, analysts say. In fact, the Brexit vote could even see a surge in activity as wealthy Gulf buyers look to take advantage of the dramatic fall in ...

  Bloomberg Foxtons Group Plc forecast lower 2016 revenue and profit as the U.K.’s decision to leave the European Union prolongs uncertainty in London’s residential property market. The shares fell to the lowest since the company’s stock-market debut. Earnings will fall significantly from a year earlier as “challenging conditions” hurt sales volumes, the London-based property broker said in a statement ...

  EMIRATES BUSINESS Crystal Lagoons, the multinational innovation company and developer of patented technology that makes giant crystalline lagoons a reality, has tallied up its current activity in the Middle East, North Africa and South Asia (MENASA) projects, revealing a presence in real estate developments worth a staggering US$20 billion. “We have developed our patented technology and proven business model ...

  Beijing / Bloomberg China’s second- and sixth-largest steelmakers by output have entered restructuring talks, which analysts say could presage a merger that would create the nation’s biggest mill, and a company with the scale to rival the likes of ArcelorMittal SA. Trading was suspended in the listed units of state-run Shanghai Baosteel Group Corp. and Wuhan Iron & Steel ...

  New Delhi / Tribune News Service Asean countries will propose to the 16 member states of the Regional Comprehensive Economic Partnership (RCEP) to eliminate tariffs on 92 percent of trade in goods to promote economic integration of the grouping soon. Sirinart Chaimun, director-general to the Trade Negotiations Department, said although Asean countries wanted the agreement to be finalised by ...

  Tokyo / AFP Japanese automaker Nissan said on Monday it is taking South Korea to court in response to Seoul’s claims that it manipulated emissions data on a popular sports utility vehicle. Nissan noted that it has invested heavily in green car technology — particularly electric vehicles — and would continue to “strongly deny” South Korea’s claims. Nissan paid a ...

Kuala Lumpur / Bloomberg Japanese automaker Nissan said on Monday it is taking South Korea to court in response to Seoul’s claims that it manipulated emissions data on a popular sports utility vehicle. YTL Corp., the Malaysian conglomerate which snapped up a British utility from the now defunct Enron Corp. more than a decade ago, is looking for bargains again ...

  Amanda Pressner Kreuser / TNS For one reason or another, you’re itching to quit your job. Maybe you’ve maxed out your growth at your current company, you want to explore a totally new field, you’re feeling stifled by a new supervisor, or you’re ready to start your own business. The call for independence can be a pretty strong one, ...