Evergrande resumes work on more than 10 property projects

BEIJING (REUTERS) – China Evergrande Group said on Sunday (Oct 24) it had resumed work on more than 10 projects in six cities including Shenzhen – a statement that comes after it appeared to avert default with a last-minute bond coupon payment last week. Evergrande, deep in crisis with more

King’s College: Property chiefs Jason Huljich, Mark Francis met in class, footie field

Two property bosses with nearly A$18 billion of real estate under management met at Auckland’s King’s College in Ōtāhuhu. Jason Huljich of Centuria and Mark Francis of Augusta and Asset Plus were at school together. They head listed real estate businesses on both sides of the Tasman managing assets in

Covid-19 Delta outbreak: The Warehouse considers mandatory vaccinations for all staff by New Year’s Day

Retail giant The Warehouse is considering making vaccinations compulsory for all its team members by January 1, 2022. The Group’s chief executive Nick Grayston said it had begun a 14-day consultation with all its employees including staff in distribution centres and support office teams. The NZX listed company, which owns

Stocks climb, Dow touches record; U.S. oil rises after EIA data

NEW YORK (Reuters) – Stock indexes mostly rose worldwide on Wednesday, with the Dow Jones Industrial Average touching a record intraday high, as more companies reported earnings that beat analysts’ expectations, while oil prices jumped.FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New

S&P 500, Dow near record highs on solid forecasts from healthcare firms

(Reuters) -The S&P 500 and the Dow inched closer to record highs on Wednesday after strong forecasts from healthcare companies Anthem and Abbott, while the Nasdaq lagged as technology stocks took a breather.Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., October

European stocks steady as Nestle shines in mixed bag of earnings

(Reuters) -European shares were flat on Wednesday as strong results from Nestle boosted food company stocks and made up for disappointing earnings from a clutch of firms, including French luxury group Kering and Dutch semiconductor company ASML.FILE PHOTO: The German share price index DAX graph is pictured at the stock

AI medtech Opum inks national partnership with Habit Health, reveals $10m Series A plan

Auckland startup Opum is applying the latest wireless sensor and artificial intelligence technology to an age-old problem: how to fix a bung knee. And it’s now getting some serious financial backing and industry support as it enters the commercial phase of its life. Its sensor clips to a knee brace

China's new home prices stall for first time since COVID-19

BEIJING (Reuters) -China’s new home prices stalled for the first time since February 2020 in September, official data showed on Wednesday, as the chill in the property market intensified amid tightening credit due to an ongoing crackdown on speculative investment.FILE PHOTO: The Taoyuan Xindu Kongquecheng apartment compound developed by China

Fed's Waller says high inflation through year end may need 'aggressive' response

WASHINGTON (Reuters) – If high inflation continues through the end of the year the Fed may have to adopt “a more aggressive policy response” to control it, Federal Reserve Governor Christopher Waller said in remarks on Tuesday outlining the case for why Fed officials may have misdiagnosed the current pace

Exclusive-Myanmar junta minister blames economic woes partly on foreign-backed 'sabotage'

(Reuters) -Myanmar’s military-appointed authorities are doing their best to revive an economy in turmoil since a February coup and stabilise the kyat currency, a minister told Reuters on Tuesday, blaming the crisis partly on foreign backers of its opponents.Myanmar’s Investment and Foreign Economic Relations Minister Aung Naing Oo speaks during