Chinese city Zhengzhou tells state-owned company to buy second-hand homes to reduce new housing inventories

BEIJING (Reuters) – China’s central city of Zhengzhou has asked residents to sell their second-hand homes to a local state-owned company and buy new ones instead, in a bid to reduce new-home inventories and boost the local property sector. Local state state-owned company Zhengzhou Urban Development Group Co. will buy 500 second-hand homes from April … Read more

Democrats seek to seize control of deadlocked Michigan House in special elections

LANSING, Mich. (AP) — Democratic lawmakers are hoping to win back a majority in the deadlocked Michigan House and regain control of the state government in two special elections on Tuesday. Democrat Mai Xiong is taking on Republican Ronald Singer in District 13, while Peter Herzberg, a Democrat, faces Republican Josh Powell in District 25. … Read more

BlackRock’s President Sees Markets Primed for a Comeback

(Bloomberg) — BlackRock Inc.’s co-founder sees markets primed for a comeback. Most Read from Bloomberg There’s almost $9 trillion right now sitting in money market funds, and the same amount sitting in cash alternatives at banks, Robert Kapito, president of the world’s largest asset manager, said at the Asia Pacific Financial and Innovation Symposium in … Read more

Video shows women dancing in India metro, not Bangladesh

Footage of two women performing an intimate dance in a train carriage was filmed in India, contrary to social media posts falsely claiming the incident occurred in Bangladesh. Posts accused the pair of “promoting homosexuality” in the conservative Muslim-majority country. However, a Delhi metro official confirmed the stunt took place in the Indian capital. Police … Read more