Currencies

Asian shares mostly lower despite US markets rally

Strong results from major companies including Microsoft, Visa and Comcast are sending U.S. stocks higher Thursday morning as the market found its footing after three weeks of steep declines.

Business Highlights

___ Job growth is found to be no cure for a community's poverty BALTIMORE (AP) — A healthy dose of job growth has long been seen as a likely cure for poverty.

China's yuan sinks further after US currency report

China's politically sensitive yuan sank to a 22-month low against the dollar on Thursday after the U.S. Treasury declined to label Beijing a currency manipulator amid a mounting tariff battle.

Prospect of Trump-Xi talks raises hope for thaw in trade war

China says it is in communication with the United States amid reports of a planned meeting between President Xi Jinping and President Donald Trump next month following a dive in the U.S. stock market blamed partly on a growing trade war between the world's two largest economies.