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Economy

Australian wage growth lowest ever in Q2

SYDNEY: Australian wages grew at their slowest pace on record in the second quarter, underscoring the damage the coronavirus has done to household spending, after recent data showed consumer confidence and business conditions were hit.

Business

Gold below US$1,900 as rout extends into the second day

SINGAPORE: Gold sank below US$1,900 an ounce to head for its biggest two-day loss in more than seven years as investors step back from one of the hottest trades of 2020.