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World stocks bat aside trade war fears, rally for second day

Global equities rallied for a second straight day on Wednesday while safe-haven assets such as U.S. bonds and the Japanese yen slipped to multi-week lows as investors bet the escalating U.S.-China trade spat would inflict less damage than feared.

China says has 'effective' contacts with the Vatican

China and the Vatican have "effective" contacts, the Foreign Ministry said on Wednesday, after a newspaper report that the Vatican might send a delegation to Beijing before the end of this month, to clinch a deal on the appointment of bishops.

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