Debt-ridden property developer China Evergrande is set to raise about $273 million from the sale of its remaining stake in film production and streaming company HengTen Networks. This is according to a statement released before the stock market opened on Thursday. Evergrande, the largest issuer of U.S. dollar debt among Chinese property developers, was on the verge of officially defaulting this year. The company has made eleventh-hour payments and resumed building apartments owed to buyers. But that's only a fraction of what the company owes. Read more.
Tags : cpi
The financial markets are shaping up to a return of higher interest rates. With the US CPI year on year (YoY) print coming in at 6.2%, the highest inflation print in the last 3 decades, 31 years to be exact. Read more.
According to financial reports released Wednesday, CEO Elon Musk is selling a block of Tesla shares under a plan he set in motion on Sept. 14 of this year. Read more.
The dollar was pushing higher early today as markets anticipated the release of CPI (Consumer Price Index) figures for October. Read more.
GBP/USD was holding steady near six-week highs in early Thursday trading. At the time of writing (09:20 am) it was trading at levels around 1.3800. Read more.
As the US economy recovers with the unemployment rate on the decline and consumer spending on the rise a lot of e-commerce and retail vendors have started offering discounts in the leadup to Black Friday sooner than expected to try and stretch out holiday spending. Read more.
Johannesburg-listed stocks fell, ending the day with their biggest monthly drop since the concerns about Chinese growth and a crackdown on tech companies, as well as signals from the U.S. to scale back stimulus measures, weighed on sentiment. Read more.
Zimbabwe’s official year on year inflation rate for the month of July 2021 as measured by the all items Consumer Price Index (CPI) slowed to 56,37 % from 106,64% in June, the Zimbabwe National Statistics Agency (ZimStat) has said.