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The US Federal Open Market Committee (FOMC) cut interest rates a quarter-point to 1.50 from 1.75 percent after reducing rates by a quarter-point each in July and September. Eight of 10 FOMC board members voted to cut rates while two voted to hold rates steady. The action followed nine rate increases since December 2015, including four increases last year.

The US Department of Justice on Friday said the accord resolves claims that GE concealed the poor quality of the loans and WMC's lax fraud controls when packaging the loans into residential mortgage-backed securities sold to investors.

The UK side, which adheres to multilateralism, looks forward to a greater role from China in the international economic system and is willing to step up bilateral cooperation on international and regional affairs, he added.

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The US had reported a total of 11 million COVID-19 cases and 246,586 deaths by Monday, by far the largest number in the world, according to Johns Hopkins University. The average number of new cases there reported each day during the past week has exceeded 150,000.

The US administration's plan to exit from the WHO marks the latest US departure from multinational institutions and treaties since Trump took office with an "America First" agenda.

The US Centers for Disease Control and Prevention (CDC) previously estimated that as many as 50 percent of the passengers would test positive during the isolation period, but state officials said the actual number was substantially smaller than they expected, thus changing the need for isolation.

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The US stock market responded quickly to the better-than-expected jobs report, as the Dow Jones Industrial Average opened higher on Friday.

The US must file a formal request for extradition by Jan 30. Once it is received, a Canadian court has 30 days to determine if there is enough supporting evidence and the Canadian justice minister must issue a formal order, Reuters reported.

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The US consulate general in Wuhan. [Photo/Agencies]

The US trade deficit with China is far more complicated than numbers have suggested. Because China has become the final assembly line of global supply chains, the trade deficit is often grossly exaggerated.