Olav Thon, a billionaire entrepreneur recognizable for his bright red cap who went from selling leather and fox hides in his youth to build one of Norway's biggest real estate empires, has died, his company said Saturday. “It is with great sadness that we have today received the news that Olav Thon has passed away,” Olav Thon Gruppen said in a statement. Thon was born in the village of Ål in the Hallingdal Valley, northwest of Oslo, on June 29, 1923.
China's new home prices fell the most year-on-year in October since 2015, but a narrowing monthly rate of declines suggested the property sector was beginning to stabilise with a barrage of support from the government. In annual terms, new home prices slid 5.9% in October, in their 16th consecutive month of declines, after a 5.8% drop in September. However, month-on-month, new home prices were down 0.5% in their slowest decline since March, after dipping 0.7% in September, according to Reuters calculations based on National Bureau of Statistics (NBS) data.
Mortgage rates stayed flat from last week at 6.78% as financial markets reacted to President Trump's re-election.
