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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.

BoE set for fresh rate hike as UK inflation stays high
BoE set for fresh rate hike as UK inflation stays high
Business and Economy
by  AFP

The Bank of England is set to raise its key interest rate for a 14th time in a row Thursday as UK inflation stays high, adding to a cost-of-living crisis. - Highest since financial crisis - At five percent, the bank's interest rate is at the highest level since the global financial crisis in 2008.