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Gulf markets keep faith in FX pegs after US rate hikeFinancial markets in the Gulf reacted calmly on Thursday to the first US interest rate hike in nine years, suggesting most investors think the region can defend its currency pegs to the dollar for the foreseeable future. The US Fe More… |
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Uneasy calm in markets about upcoming US rate hikeAn "uneasy calm" prevails in financial markets about the first increase in US interest rates in almost a decade, which is widely expected later this month, the Bank for International Settlements said in its latest report. More… |
US rate cuts trigger HK property boomWhen first-time buyer Judy Kwan heard a flat was for sale in a street she admired in Hong Kong's Wanchai district, she snapped it up within 24 hours without even seeing it, inheriting a tenant she had never met. Now she wants to buy anothe More… |
