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Global stocks down, euro slumps over growth and inflation worries

Global stocks down, euro slumps over growth and inflation worries

by Contributed | May 13, 2022 | Blog

By Roland JACKSON World equities mostly fell Thursday and the euro hit a five-year dollar low as investors worried about growth amid stubborn inflation and rising interest rates. Frankfurt, London and Paris stock markets each sank following heavy falls in Asia....
Australia hikes interest rates for first time since 2010

Australia hikes interest rates for first time since 2010

by Contributed | May 3, 2022 | Blog

By Andrew BEATTY Australia’s central bank raised interest rates for the first time in more than a decade on Tuesday, a pre-election hike designed to tame soaring consumer prices. The Reserve Bank of Australia raised the main lending rate by 25 basis points to...

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