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Bloomberg A spate of enbloc sales, coupled with a rebound in the property market at the start of the year, may indicate that Singapore developers will be more cautious in adding to landbanks and about their pricing strategies, analysts say. Collective apartment sales in the first two months of 2018 totaled over $2.4 billion, almost twice the S$1.66 billion seen …

Bloomberg Mumbai finally started work on a new airport more than two decades after first proposing it, as jets ran out of space to operate in one of the busiest aerodromes using a single runway. Prime Minister Narendra Modi laid the foundation stone of Navi Mumbai International Airport on February 18, to be built on about 2,866 acres of land …

Bloomberg State-controlled VTB Group is buying 29 percent of Magnit PJSC from billionaire Sergey Galitskiy, who said investors don’t trust his vision for Russia’s second-largest food retailer after its share price plunged in the past year. Galitskiy will quit as chief executive officer after selling $2.5 billion of shares to VTB, Magnit said in a regulatory filing. Galitskiy said he …

Bloomberg President Donald Trump “feels strongly” that the US should permit collection of state and local sales taxes on purchases made over the internet, Treasury Secretary Steven Mnuchin said. Mnuchin, speaking at a hearing before the House Ways and Means Committee, said he has spoken with Trump about the issue, and that the president “does feel strongly” that state and …

Bloomberg Fuel hedging hasn’t translated into lower jet fuel prices for some of the biggest US airlines, even after crude oil rose 17 percent in the fourth quarter. American Airlines Group Inc., United Continental Holdings Inc. and Delta Air Lines Inc., three airlines that stopped fuel hedging, will pay the least for fuel this quarter, according to company projections. Alaska …

Bloomberg A surge in US apparel costs helped fuel above-forecast inflation for January, sending Treasury yields higher. But the era of markdowns for struggling retailers is far from over. Clothing prices, which account for 3 percent of the consumer price index, jumped 1.7 percent in the biggest monthly gain since 1990, Labor Department data showed. That helped the so-called core …

Bloomberg The European Central Bank declared a temporary moratorium on debit operations in all currencies at ABLV Bank, the Baltic country’s third-biggest lender facing US Treasury enforcement action for alleged links to North Korea. “Temporarily, and until further notice, a prohibition of all payments by ABLV Bank on its financial liabilities has been imposed, and is now in effect,” the …

Bloomberg Shares of India’s government-controlled banks fell on Monday as more lenders disclosed exposure to one of the nation’s biggest frauds. UCO Bank tumbled 7.5 percent as of 9:26 a.m. in Mumbai — set for the steepest plunge since September 2016 — after it said it has exposure of $411.8 million in the nearly $2 billion bank fraud allegedly perpetrated …

Bloomberg The pound’s near-term direction is likely to be driven this week by economic data that could determine whether the Bank of England raises interest rates within three months. Traders will put most weight on UK employment figures scheduled for Wednesday, with evidence of a pickup in earnings likely to push the pound higher as it spurs inflation beyond the …

Bloomberg Prime Minister Shinzo Abe’s decision to stick with Bank of Japan Governor Haruhiko Kuroda indicates that powerful stimulus will continue, and the yen’s recent advance could make policy normalization even more remote. That’s the message from a Bloomberg survey of 26 economists following Abe’s nomination of Kuroda and new deputies Masayoshi Amamiya and Masazumi Wakatabe. Only three say the …