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Asian markets extend losses as US rate hike fears build
Asian markets extend losses as US rate hike fears build
Business and Economy
by  AFP

Stocks sank again Friday after another report pointing to a resilient US jobs market added to the misery for investors who fear the Federal Reserve is not finished with its campaign of monetary tightening. Therefore, it would be wise for the Fed to tighten its monetary policy more instead of less, or at least keep the screws tighter for longer."

US interest rates in 'good place,' for now: Fed officials
US interest rates in 'good place,' for now: Fed officials
Business and Economy
by  AFP

High US interest rates are doing their job in the fight against inflation, but more hikes may yet be needed, senior US Federal Reserve officials said Thursday. After that meeting, the Fed will publish updated economic predictions, which will reveal how high policymakers think interest rates will need to go, and for how long they will have to stay there, to bring down inflation. da/acb

Divided G20 head to India with eyes on Ukraine and climate
Divided G20 head to India with eyes on Ukraine and climate
Business and Economy
by  AFP

Divided G20 leaders will descend on New Delhi from Friday, with host Prime Minister Narendra Modi seizing a chance to occupy the geopolitical centre stage and hammer home India's growing diplomatic clout. Around the summit table, there will be a few notable absences -- with Chinese leader Xi Jinping and Russia's Vladimir Putin both opting to stay at home.