Profits at China's industrial firms grew 19.1% year-on-year in August to 612.81 billion yuan, the statistics bureau said on Sunday, as the vast manufacturing sector extended its recovery from heavy coronavirus shutdowns earlier this year. That compares with a 19.6% increase in July and is the fourth straight month of profit growth.
Canada will spend C$320 million to support its offshore oil industry in Newfoundland and Labrador, which has struggled as coronavirus pandemic travel restrictions reduced demand, the government said on Friday.
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.
* 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.
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.
* 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.
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.
* UK finance minister unveils new job protection plan. * Scheme paying furloughed workers ends next month. * Government will support those on shorter hours. * Tax cut to remain for hospitality sector, loan terms eased. By David Milliken and Andy Bruce.
U.S. Treasury yields fell on Thursday as labor
market data indicated the economic recovery may be stalling, but
moved off lows after a stronger-than-expected report on the
housing sector.
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