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Fed raises interest rates, cites upbeat US economyThe Federal Reserve hiked interest rates for the first time in nearly a decade on Wednesday, signalling faith that the US economy had largely overcome the wounds of the 2007-2009 financial crisis. The US central bank's policy- More… |
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Asian stocks set for worst monthly drop in 3 yearsAsian shares fell on Monday and looked set for their worst monthly performance in three years after top Federal Reserve officials kept the door open for an interest rate hike in September and Chinese stock markets took a fresh tumble. More… |
