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  Hong Kong / AFP Hong Kong property tycoon Thomas Kwok was granted bail on Tuesday, clearing the path to appeal his graft conviction over a high-profile cash for favours scandal. Kwok was jailed in 2014 over a series of payments totalling HK$8.5 million (US$1.1 million) to the city’s former deputy leader Rafael Hui, who was also convicted on graft ...

  Bloomberg Aberdeen Asset Management Plc appointed broker Strutt & Parker LLP to sell a London office property that’s part of a UK real estate fund currently suspended from trading, according to three people familiar with the matter. The asset manager will offer 10 Hammersmith Grove, an office building valued at about 105 million pounds ($136 million), the people said, ...

  Frankfurt / AFP German property firms expect a boom in Frankfurt as financial businesses move activities and staff out of London in the wake of Brexit, an industry survey showed this week. A majority of 72 percent of respondents believed financial centre Frankfurt, rather than rivals Dublin, Paris, or Amsterdam, would gain the most from Britain leaving the European ...

  Bloomberg Banks burned by soured home loans in the aftermath of the housing bust and subsequent financial crisis found a quick replacement; mortgages secured by commercial properties ranging from malls to offices. In the years since 2008, US lenders have opened the commercial real estate (CRE) credit spigots, lending money underpinned by properties including hotels, multifamily rental units, and ...

  Bloomberg Bombardier Inc. is targetting a major European aircraft order as the next step in the recovery of its C Series programme following a $5.6 billion sale to Delta Air Lines Inc. that helped turn around the jetliner’s prospects. The Canadian planemaker expects a “strong second half of the year” for its marquee jet, which is more than two ...

  Shanghai / AFP An aircraft leasing company will buy 30 of China’s homegrown regional jets for an Indonesian airline to use, a statement said, just two weeks after the ARJ21 made its first commercial flight. Beijing is keen to build an aerospace industry of its own, and almost all orders for the long-delayed ARJ21 aircraft — which was supposed to ...

  London / AFP Burberry appointed Celine chairman Marco Gobbetti as its next chief executive, replacing Christopher Bailey who will become the British luxury fashion group’s new president. Gobbetti, currently the chairman and chief executive of French luxury brand Celine, will join the board in 2017 “as soon as he is contractually able to do so”, Burberry said in a recent ...

  Bloomberg Qatar Airways is in discussions about purchasing as many as 30 Boeing Co. 737 airliners amid a dispute with Airbus Group SE over unresolved faults with its A320neo model. The carrier, which has canceled delivery of one A320neo due to glitches with engines made by Pratt & Whitney, will continue rejecting the plane until the issues are fixed, ...

  Havana / AP Cuba has quietly opened a first-of-its-kind store specialising in bulk goods in Havana: Zona +, a high-ceiling space with racks stacked with large tins of tomato sauce, toilet paper and cooking oil by the gallon. It’s not quite Costco, and it falls short of satisfying longstanding calls for a wholesale market to support the growing class of ...

  Bloomberg Jaiveer Arya wipes sweat from his brow as he squats in the shade and watches workers weigh his wheat crop at a grain market in India’s northern Haryana state. He’s hoping for a good price from exporters. Unseen in Arya’s 850 kilograms of wheat is about 128 kilograms of water that’s embedded within the food. Arya and millions ...