Latest News

Traders struggle to recover from selloff as Fed rate fears linger
Traders struggle to recover from selloff as Fed rate fears linger
Business and Economy
by  AFP

Asian markets fluctuated Thursday following a plunge on Wall Street as a forecast-beating US jobs report revived worries about the Federal Reserve's interest rate-hiking campaign. Data from private payrolls firm ADP showing companies created 324,000 new jobs last month -- smashing forecasts of 190,000 -- suggested the labour market remained tight.