Monday, 25 Oct 2021

Business

World stocks hold near 6-week highs in big earnings week

LONDON (Reuters) – World stocks paused near six-week highs on Monday as investors girded for the busiest week of third quarter earnings in the backdrop of slowing growth, with widening inflation risks from multi-year-high crude oil prices weighing on sentiment.FILE PHOTO: Bull and bear symbols for successful and bad trading are seen in front of […]

Mike Shanahan sells Cherry Hills Village home for $15.752 million

New Broncos Ring of Fame member and former head coach Mike Shanahan has sold his Cherry Hills Village home for $15.752 million. The recent, lofty sale is the highest single-family home price for the metro area, according to the Wall Street Journal. Shanahan and his wife, Peggy, built the sprawling 35,000-square-foot mansion back in 2008. […]

Euro zone inflation expectations hit ECB target of 2%

LONDON (Reuters) -A key market gauge of euro zone inflation expectations rose on Friday to 2%, the ECB’s inflation target, for the first time in seven years, putting pressure on the central bank as it weighs how to proceed with stimulus when its pandemic-era support ends.Slideshow ( 2 images )The five-year, five-year forward inflation swap, […]

China's new home prices stall for first time since Covid-19 pandemic started

BEIJING (REUTERS) – China’s new home prices stalled in September for the first time since February 2020, official data showed on Wednesday (Oct 20), as the chill in the property market intensified amid tightening credit due to an ongoing crackdown on speculative investment. The average new home price in 70 major Chinese cities was unchanged […]

Bitcoin futures ETF debuts as second-highest traded fund ever

NEW YORK (BLOOMBERG) – The first Bitcoin-linked exchange-traded fund (ETF) listed in the United States has debuted as the second-most heavily traded fund on record in a watershed moment for the cryptocurrency industry. The ProShares Bitcoin Strategy ETF – trading under the ticker BITO – rose about 4.9 per cent to US$41.94. More than 24 […]

Risk of higher euro zone inflation on the rise: ECB's Vasle

LJUBLJANA (Reuters) – Euro zone inflation is at risk of overshooting projections so the European Central Bank needs to carefully monitor price growth and should end its emergency stimulus programme next March, ECB policymaker Bostjan Vasle told Reuters.FILE PHOTO: The headquarters of the European Central Bank (ECB) in Frankfurt, Germany, March 12, 2016. REUTERS/Kai Pfaffenbach//File […]

China Evergrande makes onshore coupon payment – sources

HONG KONG/SHANGHAI (Reuters) -China Evergrande Group has paid an onshore bond coupon due on Tuesday, four people with knowledge of the matter said, amid concerns about a possible offshore default by the cash-strapped developer later this week.FILE PHOTO: The company logo is seen on the headquarters of China Evergrande Group in Shenzhen, Guangdong province, China […]

Unhappy with prices, ranchers look to build own meat plants

DES MOINES, Iowa — Like other ranchers across the country, Rusty Kemp for years grumbled about rock-bottom prices paid for the cattle he raised in central Nebraska, even as the cost of beef at grocery stores kept climbing. He and his neighbors blamed it on consolidation in the beef industry stretching back to the 1970s […]

Cybersecurity firm Optiv subleases a third of its downtown HQ

The Optiv building now has a little less Optiv. The Denver-based cybersecurity firm, whose signage adorns the top of the 1144 15th St. office tower, has subleased one of its three floors in the building to PNC Bank. The bank took the 28th floor, which is 24,650 square feet, according to Colliers broker Matt Ball. […]

Steven Joyce: Covid freedom is actually coming – just get vaccinated

OPINION: Welcome to the Hotel California, Auckland. You can check out any time you want but good luck with ever leaving. Sixty days into our largest city’s latest lockdown, that’s pretty much how it feels. Level 4 began in winter. Now it’s midway through spring. People have had birthdays, been born or died in the […]