Canada will spend C$320 million to support its offshore oil industry, which has struggled as pandemic travel restrictions reduced demand, Natural Resources Minister Seamus O'Regan said on Friday. Details of how the funds may be used were not immediately available.
Orders for long-lasting factory goods increased for the fourth consecutive month in August, a sign of the manufacturing industry's continued recovery from coronavirus pandemic-related disruptions. New orders for durable goods-- products designed to last at least three years-- rose 0.4% in August compared with July, the Commerce Department said Friday. The August increase was at a slower pace than earlier in the summer, when orders rebounded following a collapse in demand from...
* Core capital goods orders increase 1.8% in August. * Core capital goods shipments rise 1.5% * Durable goods orders gain 0.4%; shipments fall 0.3% By Lucia Mutikani.
Orders for long-lasting factory goods increased for the fourth consecutive month in August, a sign of the manufacturing industry's continued recovery from coronavirus pandemic-related disruptions. New orders for durable goods--products designed to last at least three years--rose 0.4% in August compared with July, the Commerce Department said Friday. The August increase followed bigger advances from earlier in the summer, when orders rebounded following a collapse in...
Japanese real estate funds and developers focusing on the retail sector are leading a stock market rally as investors bet the cheaply valued sector will outperform as consumer spending recovers from the coronavirus pandemic. The gradual opening up of the Japanese economy from lockdowns has seen the stock market rise nearly 9% since August.
ROHM announces the availability of BM1ZxxxFJ, integrated zero cross detection IC series, optimized for home appliances such as vacuum cleaners, washing machines, and air conditioners. The rising demand for smart appliances and IoT applications has added communication functionality to home appliances.
* Weekly jobless claims unexpectedly rise to 870,000. * U.S. new-home sales vault to near 14-year high. * Nikola (NKLA) slides after Wedbush downgrade. * Accenture (ACN) drops, BlackBerry rises on quarterly earnings. By Herbert Lash.
California's decision to ban sales of new conventional vehicles starting in 2035 shows how regulators' aggressive emission targets are forcibly reshaping an industry that is struggling to keep its customers on board. Tighter rules from Europe to the U.S. are accelerating manufacturers' efforts to shrink their carbon footprint, even as they fight to come back from a pandemic slump. Those rules are also drawing investors toward new electric- vehicle startups hoping to...
U.S. Treasury yields fell on Thursday as labor
market data signaled the economic recovery may be running out of
gas, but moved off lows after a stronger-than-expected report on
the housing sector.
California's decision to ban sales of new conventional vehicles starting in 2035 shows how regulators' aggressive emission targets are forcibly reshaping an industry that is struggling to keep its customers on board. Tighter rules from Europe to the U.S. are accelerating manufacturers' efforts to shrink their carbon footprint, even as they fight to come back from a pandemic slump. Those rules are also drawing investors toward new electric- vehicle startups hoping to...
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