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WASHINGTON: A surprise scuffle over pandemic relief is set to run up against a crucial federal funding deadline next week as Democrats side with President Donald Trump in his demand for US$2,000 payments to most Americans and Republicans take up his criticism of government spending.
RIO DE JANEIRO: The CoronaVac COVID-19 vaccine developed by China’s Sinovac Biotech Ltd showed efficacy between 50% and 90% in Brazilian trials, Sao Paulo's state health secretary said, and full trial results will be released on Jan. 7.
KUALA LUMPUR: The year 2020 is supposed to be an ambitious year for regional trade pacts.
NEW YORK: Investors are counting on a weakening US dollar to boost rallies in everything from US stocks to emerging markets and industrial metals in 2021.
MELBOURNE/SINGAPORE: Oil prices dropped more than 1% on Wednesday after an industry report showed an unexpected rise in U.S. crude oil inventories, and President Donald Trump rattled markets by threatening not to sign a long-awaited U.S. COVID-19 relief bill.
NEW YORK: Oil price dropped towards US$50 a barrel on Tuesday, adding to losses from the previous session, as a mutant variant of the coronavirus in Britain revived concerns over demand recovery.
LONDON: Oil dropped towards $50 a barrel on Tuesday, adding to losses from the previous session, as a new coronavirus strain in the United Kingdom revived concerns over demand recovery.
WASHINGTON: The U.S. Congress on Monday was scrambling to pass a $900 billion pandemic aid package, following seven months of partisan bickering.
CHICAGO/WASHINGTON: American Airlines and United Airlines said on Monday they were preparing to recall tens of thousands of furloughed employees as they awaited lawmakers' approval of a fresh $15 billion in payroll support under a broader COVID-19 relief package.