Asian stocks struggle to build on Wall Street gains, dollar rises

SINGAPORE/NEW YORK: Asia’s stock markets struggled to emulate Wall Street’s rebound on Wednesday as persistent worries about the global economic recovery kept investors cautious, while ebbing inflation expectations helped the U.S. dollar to a two-month high. MSCI‘s broadest index of Asia-Pacific shares outside Japan was steady after two days of …

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Xi defends China’s ambitions, warns of ‘clash of civilizations’

President Xi Jinping gave a robust defence of China’s ambitions on Tuesday in a speech to the U.N., warning against the perils of a “clash of civilizations” during a pandemic that has ripped through the world. In an opening address presaged by a demand by his U.S. counterpart Donald Trump …

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