Gold recoups losses on more U.S. coronavirus aid hopes - Reuters India

(Reuters) - Gold gave up early losses and gained on Monday after U.S. Treasury Secretary Steven Mnuchin said an agreement over coronavirus relief aid could be reached by this week to help the pandemic-hit economy.

FILE PHOTO: A gold bar is pictured on display at Korea Gold Exchange in Seoul, South Korea, August 6, 2020. REUTERS/Kim Hong-Ji/File photo

Spot gold rose 0.2% to $2,037.70 per ounce by


UPDATE 8-Oil settles higher on Chinese factory data, U.S. stimulus hopes - Reuters Africa

* China’s factory deflation slows in July

* U.S. economic stimulus talks turn positive

* Iraq to deepen supply cuts in Aug, Sept (New throughout, updates prices, market activity and comments to settlement)

By Laura Sanicola

NEW YORK, Aug 10 (Reuters) - Oil settled higher on Monday, supported by data suggesting Chinese factories were returning to pre-pandemic levels, signs of rising energy demand and hopes for an agreement in the United States on more coronavirus-related economic stimulus.

Brent crude


METALS-Shanghai copper at 1-month low as U.S. stimulus talks break down - Reuters

Aug 10 (Reuters) - Shanghai copper prices on Monday fell to their lowest in more than a month, while London copper also declined on considerable uncertainty on whether U.S. policymakers can approve a new package of fiscal support for the virus-hit economy.

The most-traded September copper contract on the Shanghai Futures Exchange dropped to 49,580 yuan ($7,115.28) a tonne, its lowest since July 8.

Three-month copper on the London


China sends fighter jets as U.S. health chief visits Taiwan - Reuters

TAIPEI (Reuters) - Chinese air force jets briefly crossed the mid-line of the Taiwan Strait on Monday and were tracked by Taiwanese missiles, Taiwan’s government said, as U.S. health chief Alex Azar visited the island to offer President Donald Trump’s support.

Azar arrived in Taiwan on Sunday, the highest-level U.S. official to visit in four decades.

China, which claims the island as its own, condemned the visit which comes after a period of sharply deteriorating relations between

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U.S. Attorney General Barr says the left wants to tear down system - Reuters

(Reuters) - U.S. Attorney General William Barr mounted a partisan attack on the Democratic Party in an interview that aired Sunday, claiming the left believes in “tearing down the system” and pursues absolute victory as “a substitute for religion.”

FILE PHOTO: U.S. Attorney General William Barr testifies before the House Judiciary Committee in the Congressional Auditorium at the U.S. Capitol Visitors Center, in Washington, U.S., July 28, 2020. Chip Somodevilla

China's factory deflation slows in July as recovery gains strength - Reuters UK

BEIJING (Reuters) - China’s factory deflation eased in July, driven by a rise in global oil prices and as industrial activity climbed back towards pre-coronavirus levels, adding to signs of recovery in the world’s second-largest economy.

FILE PHOTO: A worker is seen at a hot rolling production line at the Chongqing Iron and Steel plant in Changshou, Chongqing, China August 6, 2018. REUTERS/Damir Sagolj

The producer price index (PPI) fell 2.4% from


China industrial data offsets trade jitters; oil rises - Reuters

NEW YORK (Reuters) - Stocks across the globe were little changed on Monday as upbeat industrial data out of China and hopes for more stimulus in the United States were offset by jitters over tensions between Washington and Beijing.

FILE PHOTO: A pedestrian with a mask walks past of the New York Stock Exchange (NYSE) in New York, U.S., March 18, 2020. REUTERS/Lucas Jackson/File Photo

Technology stocks fell after a run of recent gains, while crude oil prices

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China reports 49 new coronavirus cases in mainland on August 9 - Reuters UK

FILE PHOTO: People wear protective masks as they walk in a shopping street following the outbreak of the coronavirus disease (COVID 19) in a historic part of Beijing, China, July 30, 2020. REUTERS/Thomas Peter

SHANGHAI (Reuters) - China reported on Monday 49 new coronavirus cases in the mainland for August 9, compared with 23 cases a day earlier, the health authority said.

The National Health Commission said in a statement 35 of the new infections were imported cases


Hong Kong tycoon Jimmy Lai arrested under security law, bearing out 'worst fears' - Reuters

HONG KONG (Reuters) - Hong Kong media tycoon Jimmy Lai became the highest-profile person arrested under a new national security law on Monday, detained over suspected collusion with foreign forces as around 200 police searched the offices of his Apple Daily newspaper.

Mainland-born Lai, who was smuggled into the British colony of Hong Kong on a fishing boat when he was a penniless 12-year-old, has been one of the most prominent democracy activists in the now Chinese-ruled city and an ardent

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HK media tycoon Jimmy Lai arrested under national security law: top aide - Reuters

HONG KONG (Reuters) - Hong Kong media tycoon Jimmy Lai became the highest-profile person arrested under a new national security law on Monday, detained over suspected collusion with foreign forces as around 200 police searched the offices of his Apple Daily newspaper.

Mainland-born Lai, who was smuggled into the British colony of Hong Kong on a fishing boat when he was a penniless 12-year-old, has been one of the most prominent democracy activists in the now Chinese-ruled city and an ardent

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