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Business 02 Dec 2020 | 7:00 AM

Australia’s housing market roars back on low rates

SYDNEY: Australia’s housing market has come roaring back to life as record-low interest rates stoke demand from first-time buyers, lifting approvals for new homes to 20-year highs and delivering a major windfall to consumer wealth.

Business 25 Nov 2020 | 7:00 AM

Japanese govt bond yields rise on vaccine

TOKYO: Japanese government bond (JGB) yields rose yesterday as hopes for an inexpensive coronavirus vaccine and expectations for more fiscal spending under a new US government reduced the appeal of holding debt.

World 24 Nov 2020 | 1:30 AM

Federal fiscal stimulus critical to NYC recovery: mayor

NEW YORK, Nov. 23 (Xinhua) -- The COVID-19 pandemic has seriously undercut the economy of New York City, and relief money from the federal government is urgently needed to help the city restore its vigor, said Mayor Bill de Blasio on Monday.