China property prices up, stressing growing bubble risk

China’s property prices rose at the fastest pace in 18 months in December, stressing the government’s struggle to rein in speculation while maintaining economic growth. Residential and commercial real-estate prices in 70 cities climbed 7.8% from a year earlier.

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    Investors bullish on stocks worldwide

    Around the world sentiment toward stocks rose, reaching a record level in the US, as reports on manufacturing showed the global economy is recovering and investors betting that profits will grow since 2007.

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    British Airways to hire Jaguar to improve luxury standards

    British Airways plan to spend $161 million on upgrading its near 10-year-old first-class cabins in a move to match the luxury standards on offer at Asian and Middle Eastern competitors. The revamp of the company’s Boeing Co 777 and 747 aircraft began this week.

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