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Markets

Commentary: The US dollar’s position is safe – but only for now

The greenback’s recent weakness is driven by shorter-term cyclical factors but in the long-run, the situation is more complicated, says economist Nouriel Roubini.

Markets

GM, Ford COVID-19 US ventilator projects close in on their finish lines

General Motors Co and Ford Motor Co said on Tuesday they are close to completing production of ventilators ordered by the Trump Administration this spring in response to the surge in coronavirus cases, and are ramping down or exiting the operations.

Markets

Toll Brothers quarterly profit beats estimates on record-low mortgage rates

US luxury homebuilder Toll Brothers Inc reported a better-than-expected quarterly profit on Tuesday, benefiting from record-low mortgage rates.

Markets

Biden says supports ethanol, hits Trump on handling of US biofuel laws

Democratic presidential nominee Joe Biden on Tuesday threw his support behind U.S. laws that require oil refiners to blend biofuels into the nation's fuel pool and criticized the Trump administration for its handling of the mandates.

Markets

Nordstrom reports bigger-than-expected loss, sales fall

Nordstrom Inc reported a bigger-than-expected loss and a 53 per cent fall in sales on Tuesday (Aug 25), as its stores were shut for about half of the reported quarter due to the COVID-19 pandemic.

Markets

Asia-Pac fintech funding up 9% in Q2 as investors set sights on Asean, Australia: S&P

FUNDING for fintechs in the Asia-Pacific grew 9.1 per cent in the second quarter as investors shifted their bets to firms in Australia and South-east Asia.

Markets

Share of accounting tasks done by machines to surge by 80%: study

MORE than half of the 11 finance roles picked for a study will be moderately to highly changed by technology in the next three to five years. Those in the two most junior roles will likely be taken over by machines, while the most senior roles will...

Markets

US consumer confidence at six-year low; underscores concerns about economic recovery

US consumer confidence fell for second straight month in August as households worried about the economic outlook.

Markets

GM, Ford coronavirus US ventilator projects close in on their finish lines

General Motors Co and Ford Motor Co said on Tuesday they are close to completing production of ventilators ordered by the Trump Administration this spring in response to the surge in coronavirus cases, and are ramping down or exiting the operations.

Markets

Toll Brothers profit falls about 22per cent as virus hits home prices

U.S. luxury homebuilder Toll Brothers Inc reported a 21.6per cent fall in third-quarter profit on Tuesday, as coronavirus-led lockdowns hurt home prices.

Markets

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