MELBOURNE, July 28 (Reuters) - Oil prices climbed on Wednesday after industry data showed U.S. crude and product inventories fell more sharply than expected last week, reinforcing expectations that demand will outstrip supply growth even amid a surge in COVID-19 cases.

SINGAPORE (Reuters) - The dollar was pinned below recent highs on Wednesday by a decline in real yields and by trepidation ahead of a Federal Reserve meeting, while other safe-haven currencies were in favour following an unnerving plunge in Chinese equity markets.

BENGALURU (Reuters) - Global economic growth prospects are holding strong for this year and next, despite a significant majority of economists in Reuters polls warning new variants of the coronavirus pose the biggest risk to that outlook.

HONG KONG, July 27 (Reuters) - Asia's stock markets fell to fresh troughs on Tuesday led by a third straight session of heavy selling in Chinese internet giants, while bond and currency markets traded on edge ahead of the Federal Reserve policy meeting.

WASHINGTON, July 26 (Reuters) - With no indication of a U.S.-China leaders' summit in the works, nor any outcomes announced from high-level diplomatic talks on Monday, relations between Beijing and Washington appear to be at a standstill as both sides insist the other must make concessions for ties to improve.

HONG KONG (Reuters) - Asian equity markets rose cautiously Tuesday, after touching year to date lows the day before, with traders keeping at least half an eye on the United States where major companies report earnings and the Federal Reserve meets on policy this week.