Bloomberg Sydney’s home values posted the biggest rise in 10 months in May, as lower mortgage rates and a partial easing of lending standards revived buyers’ appetite. Prices in the nation’s largest city climbed 3.1 percent in May, the fifth straight month of gains and the most among state capitals, according to research firm CoreLogic Inc. The increase, the ...

  Bloomberg Apartment owners with properties in San Francisco and New York tumbled after landlord Equity Residential said new leases in those cities — two of the most expensive U.S. rental markets — are falling short of revenue expectations. Essex Property Trust Inc., a real estate investment trust focused on the West Coast, slid 3.7 percent for the biggest decline ...

  Bloomberg Developers are in preliminary discussions to re-stoke urban development on vacant land west of the Piemonte at Ontario Center shopping center. The area — north of Citizens Business Bank Arena and south of Fourth Street in Ontario — had been planned as a 24-hour hub of activity filled with residents who would be drawn to the restaurant and ...

  DOHA / Tribune News Service Qatar Airways’ bumpy trip to Atlanta continued on Wednesday when its first flight had to settle for a parking place on the tarmac instead of a regular gate. The Middle Eastern carrier launched its Atlanta-Doha service with a double-decker Airbus A380, the world’s largest airliner. The inaugural flight landed about 4 pm, but the ...

  Shanghai / Bloomberg The Chinese are spending more time at airports and on aircraft as flight delays worsen. The average delay for flights last year was 21 minutes, 2 minutes worse than in 2014, the Civil Aviation Administration of China said in a report dated May 30 on its website. Air traffic control issues was the biggest reason for ...

  Singapore / Bloomberg Singapore’s state-owned investment firms Temasek Holdings Pte and GIC Pte, long-term Alibaba Group Holding Inc. investors, bought a combined $1 billion of stock in the Chinese e-commerce behemoth, the second-biggest stakes being sold by SoftBank Group Corp. The purchases add to the technology holdings of both investment firms. Temasek and GIC were early investors in Alibaba ...

  London / Bloomberg Cathay Pacific Airways Ltd. said it’s talking with Airbus Group SE about the planemaker’s proposal for a bigger version of the newest A350 wide-body, a model which needs to attract a strong set of initial customers to get the go ahead. Cathay, which already has 48 A350s on order, is keen on a so-called stretched variant ...

  New Delhi / Tribune News Service Air India will offer discounted tickets for students travelling for educational purposes on all its domestic flights during the lean season of July and August. Students can fly for Rs.3,500 for distances up to 1,000 km and at Rs.5,500 for over 1,000 km. Tickets must be booked between June 1 and August 31 ...

  Mumbai / Bloomberg ICICI Prudential Life Insurance Co. has picked arrangers for an initial public offering of as much as 60 billion rupees ($892 million), people familiar with the matter said, in what could be India’s biggest first-time share sale in six years. The country’s largest private-sector life insurer selected Bank of America Corp. and ICICI Securities Ltd. to ...

  Sunaina Rana / Emirates Business Technology has been evolving with numerous innovations to improve the living standards of people. Jumping on the high-tech bandwagon, ASUS Chairman Jonney Shih took the center-stage at Computex 2016 to unveil Zenbo — the first home robot — along with a stunning portfolio of third-generation mobile products designed to provide users with revolutionary functions ...