Chinese Stocks, Yuan Primed for Gains on Return From Holidays
Chinese markets look poised for a positive open when traders return from a holiday, with Beijing’s supportive policy stance adding impetus to a budding bullish momentum.
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Chinese markets look poised for a positive open when traders return from a holiday, with Beijing’s supportive policy stance adding impetus to a budding bullish momentum.
One of China’s most indebted developers is facing two bond-payment deadlines this week that could provide the first major test for a state-sponsored program that guarantees debt from some of the country’s biggest builders.
Households go backwards in 13 developed economies as record immigration runs into a housing crisis.
Bond traders welcomed their first clear sign of a cooling US labor market, but it’s only a part of what’s needed to fire up the truly sweeping rally they’ve been hoping for all year.
Australia’s central bank will likely keep its key interest rate at a 12-year high and stick with it for much of the year to restrain inflationary pressures underpinned by a surprisingly tight job market.
Feb 18, 2022
Bloomberg News
,(Bloomberg) -- Ken Griffin’s Citadel is looking for more office space in Manhattan to accommodate a growing roster of New York employees.
The Chicago-based firm, which has several Manhattan locations, is in talks to lease additional office space on Park and Madison Avenues amid a New York hiring surge, according to people familiar with the matter.
Citadel is exploring taking more space at 425 Park Ave., a new skyscraper where it previously agreed to be the anchor tenant. It’s also in talks to lease multiple floors at 550 Madison Ave., the former Sony Building, the people said.
Read more: Citadel Leases Anchor Space at New Tower on NYC’s Park Avenue
Griffin has been on a hiring spree. Citadel increased its headcount during the pandemic and is expected to continue hiring aggressively over the next several years, with a focus on New York, one of the people said.
A representative for Citadel declined to comment.
Griffin has been looking to Manhattan in recent years as he expands beyond Chicago. In 2019, he bought a penthouse at 220 Central Park South for $238 million, setting a U.S. record for a residential purchase.
Citadel signed as the anchor tenant at 425 Park in 2016 and added to its space at the skyscraper before the pandemic.
Representatives for L&L Holding Co., the developer behind 425 Park Ave., and the Olayan Group, owner of 550 Madison, declined to comment.
Newmark Group, the broker for Citadel, and CBRE Group Inc., the leasing agent for 550 Madison, also declined to comment.
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