NEW YORK (REUTERS) - Five of the six most expensive office areas in the world are in Asia, as demand by global companies to locate there outstripped the supply, according to a semiannual report released on Thursday by real estate services company CBRE Inc.
MUMBAI (AFP) - India's rupee hit a new record low against the dollar Thursday, on concerns the US Federal Reserve would scale back its stimulus programme that has pumped billions of dollars into global markets.
LONDON (AFP) - European stock markets fell sharply in opening deals on Thursday, in line with a global retreat after the US Federal Reserve signalled it would wind down its massive quantitative easing stimulus programme later this year.
TOKYO/SYDNEY (REUTERS) - Asian markets buckled badly on Thursday after the Federal Reserve heralded an eventual end to free money and China turned the screw on credit even as factory activity in the world's second-largest economy hit a nine-month low.
BEIJING (REUTERS) - China will allocate about 4.7 trillion yuan (S$960 billion) for road projects between 2013 and 2030, the Ministry of Transport said on Thursday, in the latest step by policymakers to underpin growth in the world's second-largest economy.