- Dubai's $330 Billion Deferred Buildings Impose Fees Silvia Turrin paid two-thirds of the $520,000 purchase price of her Dubai apartment, only to learn that it won’t be finished until 2012, two years late. When she stopped payments to Emaar Properties PJSC, the developer hit her with late fees.
- China Real Estate Is Overheated, Nomura Asset Says China’s real-estate market is overheating and investors should stay cautious on developers after the shares fell the most in the main equities index this year, according to Nomura Asset Management Hong Kong Ltd.
- Emerging Currencies Overtake G-7 as Volatility Drops Traders in currency options are showing that emerging economies have become safer relative to developed nations than at any time in almost two years.
- Hong Kong's Luxury Markets Boom as Mainland Visitors Hit Record Ju Wei, the owner of an advertising company in China’s north-western Gansu province, makes an 1,800 kilometer (1,100 miles) trek to Hong Kong at least six times a year to go shopping.
- In-Flight Smokes Entice Hundreds to Break Law 20 Years Following U.S. Ban Passengers smoke on U.S. jetliners at least twice a week, according to authorities, breaking the law without creating an international incident like an episode this week.
- IPad May Be `Black Ship' That Shakes Up Japan's Book Industry Apple Inc.’s iPad may force Japan’s $21 billion book market to reshape pricing in the industry by historic proportions, publishing officials and analysts said.
- Cowdery `Missed His Chance' to Acquire U.K. Insurers Clive Cowdery made a personal fortune of 100 million pounds ($153 million) in five years buying and selling British insurers. His attempt to repeat that performance got a lot harder after the prices of potential targets doubled.
- Thai `Perfect Storm' May Drive Investors to Bonds From Stocks A “perfect storm” is gathering in Thailand, as once surging stocks threaten to drop, boosting record corporate bond sales that are withstanding the political turmoil, according to Standard Chartered Plc.
- North-South Divide May Hurt Euro Region More Than Greek Crisis Elina Helmanen and Minas Megalokonomos embody a widening north-south divide that may put the euro region at more risk than the Greek budget does.
- Great Barrier Reef at Risk as Coal-Ship Traffic May Jump 67% The corals, whales and giant clams of Australia’s Great Barrier Reef are in the path of a “coal highway” to China that may see shipments jump 67 percent by 2016, increasing the threat of an ecological disaster after a coal carrier ran aground last week.
- Obama Rallies Markets With Policies That Resemble Rubinomics It’s never easy to separate politics from policy, and the past 18 months have only increased the degree of difficulty. The U.S. has been through a historic financial crisis followed by a historic election and a series of historic federal gambles -- from bailing out American International Group Inc. and General Motors Co. to passing a $787 billion stimulus and a $940 billion health-care reform bill. All that risk has made policy more complicated and politics more fraught.
Bloomberg Daily News 12th April 2010
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