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Business

Holiday Inn owner points to recovery after first half slump

LONDON: InterContinental Hotels is seeing some “very early” signs of improvement in demand after the Holiday Inn-owner’s revenue more than halved and profit slumped 82% in the first half of 2020.

Business

Buffett shows faith in Berkshire portfolio

NEW YORK: Warren Buffett is betting on brighter prospects for his Berkshire Hathaway Inc.

Business

Lowest mortgage rates spur jump in bond supply

NEW YORK: A deluge of supply has inundated the agency mortgage-bond market this year, as a plunge in lending rates triggered a wave of homeowner refinancings. But there are signs that relief may be forthcoming.