HK most expensive house market

finance their budget deficits. The Kuwaiti government said in July it may raise as much as $10 billion from global debt markets. The country is rated AA at S&P Global Ratings, the third-highest investment grade. Hong Kong retained its rank as the most expensive housing market among 406 major metropolitan regions, in the annual Demographia International Housing Affordability Survey, for the seventh year in a row. The median price of a home in Hong Kong last year was 18.1 times the median annual pretax household income, the survey showed. That’s a modest improvement in affordability compared with last year’s 19 times, which was the highest multiple in the 12 years Demographia has been conducting its research. will return to Silicon Valley. The former Google Inc executive was hired with much fanfare to be the up-and-coming Chinese brand’s international face, becoming a fixture on the global conference circuit and Xiaomi’s main pitchman to foreign audiences. In a Facebook post on Monday, Barra said it was time for him to return to the United States, though he didn’t say in what capacity. During his time at Xiaomi, the company briefly rose to become China’s biggest smartphone vendor with high-end components packed into inexpensive devices. It has since been dethroned by local brands such as Oppo, vivo and Huawei. stake in its chip unit is drawing attention from possible investors. The stock climbed as much as 7.3 percent to 264.8 yen ($2.33) in Tokyo, the biggest intraday gain since Dec. 30. Toshiba may sell a 20 percent stake in its memory chip operations to raise as much as 200 billion yen and has received interest from Canon Inc and Tokyo Electron Ltd as well as overseas private equity funds, a local newspaper reported, without citing anyone.