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NEW YORK: The dollar rose and equity markets rallied on Monday as investors welcomed upbeat manufacturing data from around the world and as Microsoft's pursuit of TikTok's U.S. operations and other deals bolstered sentiment.
BRASILIA (Reuters) - The number of fires in Brazil's Amazon rainforest jumped 28% in July from a year ago, official data showed on Saturday, as some environmentalists warned a jump this week could signal a repeat of last year's surging destruction of the world's largest rainforest.
WHEN chairman Jerome Powell (pic) announced after last Wednesday’s Federal Open Market Committee meeting that the Fed is “committed to using its full range of tools to support the US economy in this challenging time”, the market interpreted it as the Fed would do “whatever it takes” to support the United States facing the worst pandemic and economic recession since the 1930s.
NEW YORK: The dollar slumped to its lowest in nearly two years on Thursday, as investors continued to sell the greenback on expectations a surge in coronavirus cases will make it difficult for the U.S. economy to outperform its peers.
SHANGHAI: Having begun delisting 26 companies so far this year, China's securities regulator is set to remove a record number of firms from the stock exchange, heeding a message from Vice Premier Liu He to ensure the "survival of the fittest".
NEW YORK: Gold prices rose, holding ground above the key US$1,800 per ounce level, as a weaker dollar and worries over surging Covid-19 cases around the globe kept the safe-haven metal underpinned.
BRASILIA (Reuters) - Deforestation in Brazil's Amazon rose for the 14th consecutive month in June, preliminary government data on Friday showed, heaping further pressure on President Jair Bolsonaro who is under fire for worsening destruction of the rainforest on his watch.
BENGALURU: The dollar's dominance will slowly melt away over the coming year on weakening global demand and a sombre US economic outlook, according to a Reuters poll of currency forecasters whose views depend on there being no second Covid-19 coronavirus shock.
BERLIN (Reuters) - Wirecard collapsed on Thursday owing creditors almost US$4 billion after disclosing a gaping hole in its books in Germany's worst accounting scandal.
TOKYO: The Australian and New Zealand dollars fell against their U.S. counterpart on Monday after fears of a second wave of the coronavirus in Beijing prompted investors to sell currencies sensitive to risk