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NEW YORK/LONDON/MELBOURNE/MUMBAI (Reuters Breakingviews) - Corona Capital is a column updated throughout the day by Breakingviews columnists around the world with short, sharp pandemic-related insights.
The north view of the Manhattan skyline is seen from the 86th floor observation deck of the Empire State Building in midtown Manhattan, as the iconic tower prepares to open to more tenants and visitors following the outbreak of the coronavirus disease (COVID-19) in New York City, New York, U.S., June 24, 2020. REUTERS/Mike Segar
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OFFICE SPACES. If Zoom Video Communications is a pandemic winner, then commercial office space is its mirror image. The vacancy rate in New York edged above 15% in December, according to Savills, with leasing running at the lowest rate in at least two decades. It’s not an outlier among cities either as things continue to worsen.
By Reuters Staff
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TOKYO, Dec 30 (Reuters) - Japan’s Nikkei share average retreated from a more than three-decade high in early trade on Wednesday as investors locked in some profits after a rally, but the market stayed on course for a second year of gains.
The benchmark Nikkei share average fell 0.57% to 27,412.24 on the last trading day of the year, after closing at its highest level since Aug. 16, 1990 in the previous session.
The broader Topix slipped 0.67% to 1,806.92, pulling back from its highest level since October 2018 reached on Tuesday.
On the year, the Nikkei was up 15.8% compared to an 18.2% gain in 2019, while the Topix was nearly 5% higher after climbing more than 15.2% in the previous year.