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SYDNEY: Asian share markets edged ahead on Tuesday as investors wagered China's economic strength would help underpin growth in the region, even as pandemic lockdowns threatened to lengthen the road to recovery in the West.
Property developers, buyers must rethink future plans
NEW YORK: Gold extended declines on a stronger dollar and the currency’s outlook, while investors assess the timeline for the US stimulus package.
JAKARTA, Jan 18 (Reuters): Indonesia's central bank will likely keep interest rates steady on Thursday but could cut them as early as the first quarter of 2021 as the country continues to grapple with the fallout of the Covid-19 pandemic, a Reuters poll showed on Monday.
LONDON, Jan 18 (Reuters): Global stock markets sank on Monday as soaring Covid-19 cases offset investor hopes of a quick economic recovery, while the Chinese economy posted a better-than-expected rebound in the fourth quarter of 2020.
SINGAPORE, Jan 18 (AP): Shares fell Monday across most of Asia following a retreat on Wall Street, but benchmarks in Hong Kong and Shanghai rose after data showed the Chinese economy grew a solid 2.3% in 2020.
SYDNEY: Asian shares pared early losses on Monday as data confirmed China's economy had bounced back last quarter as factory output jumped, helping partially offset recent disappointing news on U.S. consumer spending.
SYDNEY: Asian share markets retreated from highs on Monday as disappointing news on U.S. consumer spending tempered risk sentiment ahead of a closely-watched reading on the health of the Chinese economy.
NEW YORK: The U.S. dollar rose across the board to hit a four-week high against a basket of currencies on Friday, as data showing the COVID-19 pandemic's continuing toll on the economy boosted demand for the safe-haven currency