Billionaire Mukesh Ambani’s Reliance Industries Ltd. said it will jointly build and share telecommunications infrastructure with Bharti Airtel Ltd., India’s No.1 mobile phone operator, to cut costs and hasten the debut of its Reliance Jio phone service.
Investors from Norway to Singapore are bypassing property funds and putting money into London commercial projects with developers, taking more risk in a bid to increase returns as the U.K. market recovers.
London’s status as a magnet for foreign property investment was burnished in the years after the financial crisis by an investor-friendly tax regime and the falling value of the pound. That may be changing.
Economist forecasts for Treasury yields at the end of 2014 are the highest since Bloomberg began surveying for the figure in July amid speculation the Federal Reserve will start cutting bond purchases as soon as next week.