Oil up Again, But US Covid Outbreak Weighs on 3-Day Rally

© Reuters. By Barani Krishnan Investing.com – Oil prices rose for a third straight day as investors zoomed in on a smaller-than-expected weekly U.S. crude build and more encouraging COVID-19 vaccine news.  But relentless new coronavirus infections among Americans and a decision by New York City to close its schools — which serve about a […]

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Australia back on outbreak alert as state reports jump in virus cases

SYDNEY (Reuters) – The Australian state of South Australia reported 14 new coronavirus cases on Monday from three cases the previous day, which prompted a neighbouring state to reimpose border controls and the federal government to offer help. South Australia ended a months-long streak of no COVID-19 infections on Sunday, reporting three locally-acquired coronavirus cases […]

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South Korea ready to boost policy support should virus outbreak worsen: vice finance minister

SEOUL (Reuters) – South Korea is ready to boost policy support to aid the economy hammered by the coronavirus should the rate of infection worsen significantly, its vice finance minister said on Tuesday. “(Some) downturns are inevitable in the real economy due to the tightened preventive measures,” Kim Yong-beam said at a policy meeting, adding […]

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12 Australian military personnel in isolation over coronavirus outbreak in Sydney

Twelve ADF personnel have been placed in self-isolation at the Royal Australian Air Force’s Wagga Wagga base after attending the Crossroads Hotel at Casula Casula is in southwest Sydney Wagga Wagga is a town about 450km south west of Sydney Australian city of Melbourne has been in the headlines with an outbreak, Sydney has not […]

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Singapore cuts 2020 GDP forecast for third time on virus outbreak

SINGAPORE (Reuters) – Singapore downgraded its 2020 gross domestic product forecast for the third time as the COVID-19 pandemic batters the bellwether economy, the trade ministry said on Tuesday. The city-state lowered its GDP forecast range to a contraction of 7% to 4% from the prior range of a decline of 1% to 4%. Singapore’s […]

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GBP/USD Off 35-Year Lows as U.K. Goes Into Lockdown to Curb Covid-19 Outbreak

© Reuters. By Yasin Ebrahim Invesing.com – The pound moved off 35-year lows on Friday, though remained under pressure, even as the U.K. government proposed more stimulus measures to combat the Covid-19 pandemic, and imposed further restrictions to limit contagion across the country. rose 1.69% to $ 1.1679 after falling to $ 1.1414, its lowest […]

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As China’s coronavirus outbreak eases, a wary return to shops for consumers

As China’s coronavirus outbreak eases, a wary return to shops for consumers By Winni Zhou and Brenda Goh SHANGHAI (Reuters) – As shops shut their doors across Europe and the United States, in China the sharp drop in new coronavirus cases has encouraged consumers to venture back into malls and restaurants – for the most […]

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