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Most Asian markets rise after strong US jobs, rebound in banks
Most Asian markets rise after strong US jobs, rebound in banks
Business and Economy
by  AFP

Asian markets rose Monday, tracking a rally on Wall Street fuelled by a strong rebound in US regional banks and forecast-beating jobs data that eased fears over a recession in the world's top economy. Still, a surge Friday in US regional lenders and the strong jobs report provided a shot in the arm for Asian markets at the start of the week.

Yellen warns of 'chaos' if US fails to raise debt ceiling
Yellen warns of 'chaos' if US fails to raise debt ceiling
Business and Economy
by  AFP

US Treasury Secretary Janet Yellen warned Sunday that unless Congress acts soon to raise the nation's debt ceiling, "financial and economic chaos would ensue." "It simply is unacceptable for Congress to threaten economic calamity for American households and the global financial system as the cost of raising the debt ceiling," she told ABC talk show "This Week."