U.S. 2021 fiscal year deficit below prior year's record, Treasury says

FILE PHOTO: The Wall St. sign is seen outside the door to the New York Stock Exchange in New York’s financial district February 4, 2014. REUTERS/Brendan McDermid/File Photo(Reuters) – The U.S. budget deficit totaled $2.772 trillion during fiscal 2021, below the prior year’s record shortfall but still reflecting a second straight year of massive spending […]

Analysis-Investors denied their Ever-grande finale…for now

LONDON/SHANGHAI (Reuters) – Investors who have watched China’s property sector crisis play out in recent months have just been denied their Evergrande grand finale as the world’s most indebted developer dodged a $19 billion default, but they might not have too long to wait.An aerial view shows residential buildings at the construction site of Evergrande […]

Equities ride tech to third week of gains, dollar dips

LONDON (Reuters) – Global shares got a tech boost to help tee up a third straight week of gains on Friday, despite growing inflation concerns, while the dollar dipped and oil prices bounced off their lows.FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, October 19, […]

Analysis: What lies beneath? Hidden debt fears feed China's property woes

SHANGHAI/LONDON (Reuters) – Numbers don’t lie, you just need to be looking at the right ones.FILE PHOTO: A traffic light is seen near the headquarters of China Evergrande Group in Shenzhen, Guangdong province, China September 26, 2021. REUTERS/Aly Song/File PhotoThat’s the problem for investors searching for the next trouble spot in the Chinese real estate […]

Colorado not a leader when it comes to adding six-figure jobs

Colorado and metro Denver have an above-average share of jobs paying $100,000 or more a year, but they lagged behind other areas when it came to adding more of those high-paying jobs the past five years, according to a new study from Tessa, a provider of rental property management software. Colorado went from having 181,830 […]

Law change needed to stop criminals laundering money through KiwiSaver

The Government needs to change the law to prevent criminals from salting away proceeds of crime into their KiwiSaver account and then withdrawing it, a legal expert says. The call comes after a legal attempt by police to collect a portion of fraudster Joanne Harrison’s KiwiSaver funds failed in the Court of Appeal. Harrison, who […]

Bank of England will have to act to contain inflation – Bailey

LONDON (Reuters) -Bank of England Governor Andrew Bailey sent a fresh signal on Sunday that the British central bank is gearing up to raise interest rates for the first time since the onset of the coronavirus crisis as inflation risks mount.FILE PHOTO: Bank of England Governor Andrew Bailey poses for a photograph on the first […]