When did democracy become an investment bubble?
A new closed-end fund is open to anyone with a brokerage account but whether it brings prosperity remains to be seen
Economic news
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China’s nascent Reit market gives global investors exit route from property
CapitaLand of Singapore was the first international sponsor of a Chinese real estate investment trust
Oil jumps above $115 after drone strike on Kuwaiti tanker
Stocks in Japan and South Korea slide as authorities in Dubai say they are extinguishing a fire on the vessel
India struggles to stem the rupee’s fall
Also in this newsletter, mining conglomerate Vedanta heads for demerger
Trump hails ‘progress’ on Iran deal but threatens huge infrastructure attack
President warns of hits on oil wells, Kharg Island and desalination plants unless agreement reached ‘shortly’
UK growers warn of cucumber and tomato shortages as gas prices surge
Producers warn of empty shelves if supermarkets do not raise prices to help offset costs linked to Iran war