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World 28 Aug 2020 | 3:00 AM

Gold down on profit-taking

CHICAGO, Aug. 27 (Xinhua) -- Gold futures on the COMEX division of the New York Mercantile Exchange fell on Thursday as investors digested the Federal Reserve chairman's speech.

World 28 Aug 2020 | 2:53 AM

Roundup: U.S. jobless claims above 1 mln mark for second straight week

WASHINGTON, Aug. 27 (Xinhua) -- The number of initial jobless claims in the United States last week totaled above 1 million mark for the second straight week, painting a gloomy outlook for the recovery of a labor market ravaged by the COVID-19 crisis.

World 28 Aug 2020 | 12:10 AM

2nd LD Writethru: U.S. Fed chair announces new policy strategy on inflation

WASHINGTON, Aug. 27 (Xinhua) -- U.S. Federal Reserve Chairman Jerome Powell announced on Thursday that the central bank will seek to achieve inflation that averages 2 percent over time, a new strategy for carrying out monetary policy to help fight the COVID-19 pandemic and boost economic recovery.

World 27 Aug 2020 | 5:10 AM

U.S. stocks end higher as tech shares rally

NEW YORK, Aug. 26 (Xinhua) -- U.S. stocks rose on Wednesday, boosted by a strong rally in tech-related shares.

World 27 Aug 2020 | 3:48 AM

U.S. dollar edges down ahead of Fed chair speech

NEW YORK, Aug. 26 (Xinhua) -- The U.S. dollar fell modestly in late trading on Wednesday as market participants awaited a key speech from Federal Reserve Chairman Jerome Powell.

World 27 Aug 2020 | 3:05 AM

Gold up on inflationary concerns

CHICAGO, Aug. 26 (Xinhua) -- Gold futures on the COMEX division of the New York Mercantile Exchange rose on Wednesday as investors were concerned over inflation ahead of Federal Reserve Chairman Jerome Powell's coming speech at the Jackson Hole Economic Policy Symposium on Thursday.

World 19 Aug 2020 | 6:08 AM

Factbox: Elder statesmen, activists, rising stars make case for Democrat Biden in White House

(Reuters) - The Democratic Party formally nominated Joe Biden for U.S. president at its national convention on Tuesday, turning to future leaders and elder statesmen to make the case for why he is the right choice to face Republican President Donald Trump in November.