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World 07 Oct 2020 | 6:29 AM

Trump halts COVID-19 relief talks until after election

WASHINGTON, Oct. 6 (Xinhua) -- U.S. President Donald Trump said Tuesday that he has asked his administration's negotiators to withdraw from COVID-19 relief talks with Democrats until after the presidential election in November.

World 07 Oct 2020 | 5:28 AM

U.S. stocks drop as Trump calls off stimulus talks until after election

NEW YORK, Oct. 6 (Xinhua) -- Wall Street's major averages finished lower on Tuesday after U.S. President Donald Trump said he would halt negotiations with Democrats on a new coronavirus relief package.

World 07 Oct 2020 | 3:51 AM

U.S. dollar rises amid Fed chair remarks

NEW YORK, Oct. 6 (Xinhua) -- The U.S. dollar increased in late trading on Tuesday as market participants digested remarks from Federal Reserve Chairman Jerome Powell.

World 07 Oct 2020 | 3:48 AM

Spotlight: U.S. Fed chief warns of recessionary dynamics as relief talks drag on

WASHINGTON, Oct. 6 (Xinhua) -- U.S. Federal Reserve Chairman Jerome Powell warned on Tuesday that a prolonged slowing economic recovery from the pandemic could trigger typical recessionary dynamics, as the COVID-19 relief talks drag on with no bipartisan deal in sight.

World 07 Oct 2020 | 3:03 AM

Gold down after Fed chairman remarks

CHICAGO, Oct. 6 (Xinhua) -- Gold futures on the COMEX division of the New York Mercantile Exchange fell on Tuesday as the market reacted to Federal Reserve Chairman Jerome Powell's remarks.