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United States

Swati Pandey

Asian shares cautious as Sino-U.S. tensions weigh

11:00pm EDT

SYDNEY Asian stocks held tight ranges on Monday as worries over flaring tensions between the United States and China weighed on sentiment although signs of a recovery in industrial activity in the world's second-largest economy capped losses.

GLOBAL MARKETS-Asian shares on backfoot as focus shifts to U.S. stimulus, China tensions

8:53pm EDT

SYDNEY, Aug 10 Asian shares started cautiously on Monday as investors kept one eye on flaring tensions between the United States and China and another eye on U.S. fiscal stimulus after talks between the White House and Democrat lawmakers broke down.

Australia's Victoria reports deadliest day of COVID-19 pandemic

4:33am EDT

SYDNEY Australia’s second-most populous state, Victoria, reported its deadliest day of the COVID-19 outbreak on Sunday, with 17 people dying, as police thwarted a planned anti-mask rally in the capital of Melbourne.

Australia's central bank cuts GDP outlook as virus returns to Melbourne

Aug 06 2020

SYDNEY Australia's central bank downgraded its outlook for the national economy on Friday and warned unemployment would stay high for several years as a second wave of coronavirus infections sent the city of Melbourne back into an extended lockdown.

GLOBAL MARKETS-Gold shines on falling dollar, yields; global stimulus supports shares

Aug 05 2020

SYDNEY, Aug 5 Gold scaled a new high on Wednesday as a weaker dollar and falling bond yields burnished its safe-haven appeal, while shares ticked higher as investors turned their focus to stepped-up monetary and fiscal support globally.

GLOBAL MARKETS-Gold shines on falling dollar, yields; pandemic cost concerns drag on shares

Aug 04 2020

* Asian shares mostly lower on rising pandemic costs, uncertainty

Australia central bank sees bumpy road to recovery as virus shuts down Victoria

Aug 04 2020

SYDNEY Australia's central bank held its cash rate at an all-time low on Tuesday, predicting the economic recovery will likely be both 'uneven' and 'bumpy' as the country's second biggest state locks down to fight a resurgence of the coronavirus.

Australian retailers suffer worst quarter in two decades, exports shine

Aug 03 2020

SYDNEY Australia's retailers are facing a consumption drought as the country's second biggest state locks down to fight the coronavirus and as data showed sales volumes suffered their biggest plunge in two decades in the second quarter.

GLOBAL MARKETS-Stocks fall as Fed's pledge relief rally fades

Jul 30 2020

LONDON/SYDNEY, July 30 Global shares fell on Thursday as the Federal Reserve's pledge to use all its tools to support the U.S. economy failed to reassure investors uneasy about a stalemate on fiscal support and rising coronavirus cases.

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