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The fund said Asia's economy is expected to contract by 1.6% this year — a downgrade from its previous forecast of no growth in April.

The Caixin/Markit manufacturing Purchasing Manager's Index for June came in at 51.2. That was above expectations of a reading of 50.5 by analysts in a Reuters poll.

TransferWise says it has received permission from the U.K.'s Financial Conduct Authority to deal in investments.

Sainsbury's, Britain's second biggest supermarket chain, said underlying retail sales soared 8.2% year-on-year in its first quarter to June 27.

The Stoxx 600 travel and leisure sector sank 42% in the first quarter of 2020. It recovered only marginally in the second quarter.

The central Chinese government passed a sweeping new security law for Hong Kong that took effect late Tuesday.

The coronavirus has infected more than 10.45 million people around the world as of Wednesday, killing at least 510,632 people.

Apple is slated to release four versions of its 5G iPhone with three different screen sizes and is facing delays of between four weeks and two months for mass production of those, the Nikkei Asian Review reported.

Singapore is set to hold general election on July 10 — a little more than a month after the country started easing restrictions put in place to contain one of the largest coronavirus outbreaks in Southeast Asia.

U.S. carriers cannot use an $8.3 billion government subsidy program to purchase, maintain or support any equipment or services from both vendors, the Federal Communications Commission (FCC) said.

The dismal readings reinforce expectations Japan is headed for deep recession due to the fallout from the pandemic.

Results of a private survey released on Wednesday showed China's manufacturing activity beat expectations in June with the Caixin/Markit manufacturing Purchasing Manager's Index coming in at 51.2.

Delta Air Lines holds a 49% stake in Aeromexico and a 20% stake in LATAM, and their bankruptcy processes put the U.S. carrier's investment at risk of suffering a severe reduction in value or worse.

Beyond Meat announced Tuesday that Alibaba's Freshippo grocery stores would start selling its meatless burger patties.

The movement of 9,500 U.S. service members from Germany resurfaces claims made by the Trump administration that the NATO ally has been "delinquent in their payments" to the NATO alliance.

That's despite many countries in Asia Pacific garnering international praise for their efforts in curbing the spread of the coronavirus.

India said it would block 59 Chinese apps such as TikTok and WeChat, claiming they are a threat to national security. And now it's reportedly assessing whether Huawei and ZTE can participate in its 5G rollout.

The former vice president accused Trump of having "waved the white flag and left the field of battle" against a resurgent coronavirus.

"We are now having 40 plus thousand new cases a day. I would not be surprised if we go up to 100,000 a day if this does not turn around, and so I am very concerned," Fauci said.

The S&P 500 and Nasdaq Composite rose on Tuesday as Wall Street wrapped up its best quarterly performance in decades.