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World 08 Oct 2020 | 5:11 AM

U.S. stocks rally with stimulus, Fed minutes in focus

NEW YORK, Oct. 7 (Xinhua) -- U.S. stocks closed sharply higher on Wednesday as Wall Street continued to look for clues concerning additional coronavirus stimulus, while digesting the newly-released minutes from the Federal Reserve's September meeting.

World 08 Oct 2020 | 3:58 AM

U.S. dollar edges down amid Fed minutes

NEW YORK, Oct. 7 (Xinhua) -- The U.S. dollar fell modestly in late trading on Wednesday as market participants pored through the newly-released minutes from the Federal Reserve's September meeting.

World 08 Oct 2020 | 2:02 AM

Trump "symptom-free for over 24 hours," says doctor

WASHINGTON, Oct. 7 (Xinhua) -- U.S. President Donald Trump, who is recovering from COVID-19 at the White House, has been "symptom-free for over 24 hours," his doctor said on Wednesday.

World 07 Oct 2020 | 8:07 AM

U.S. says Taiwan military budget boost insufficient for 'resilient defense'

WASHINGTON (Reuters) - A senior U.S. defence official said on Tuesday Taiwan's plan to boost defense spending by $1.4 billion was a step in the right direction, but insufficient to ensure resilient defense in the face of an increasing Chinese threat.

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 | 3:48 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 | 1:08 AM

2nd LD Writethru: U.S. Fed chief warns of recessionary dynamics amid slower, incomplete recovery

WASHINGTON, Oct. 6 (Xinhua) -- U.S. economic recovery remains far from complete and a prolonged slowing in the pace of improvement over time could trigger typical recessionary dynamics, U.S. Federal Reserve Chairman Jerome Powell said Tuesday.