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China state media blasts U.S. after Trump threats

Chinese state media on Monday blasted the United States after U.S. President Donald Trump announced additional tariffs on goods from China and lashed out at China and ordered U.S. companies to find "alternatives" to China.

Asian shares slugged, bonds bought amid trade gloom

Asian shares sank on Monday as the latest salvo in the Sino-U.S. trade war shook confidence in the world economy and sent investors steaming to the safe harbors of sovereign bonds and gold, while slugging emerging market currencies.

Turnaround may prove tricky for new Virgin Australia CEO Scurrah

Shareholders will press Virgin Australia Holdings' new CEO Paul Scurrah to present a robust strategic plan on Wednesday, when the airline is expected to report its seventh consecutive annual loss, on top of $1.2 billion worth of red ink over the previous six years.

No ready spark seen for lagging U.S. energy shares

There may be little relief on the horizon for investors in U.S. energy companies, whose shares moved from darlings to dismal performers during Wall Street's record bull run and now face a shaky global economy, doubts about fossil fuel investments and general market skepticism.

Fed's commitment to act upstaged by Trump's furor

Federal Reserve Chair Jerome Powell said the central bank would "act as appropriate" to keep the U.S. economy healthy in a deteriorating global economy, but stopped short of committing to rapid-fire rate cuts and drew fire from President Donald Trump.