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Asian markets rise as US data boosts hopes of slower Fed hikes
Asian markets rise as US data boosts hopes of slower Fed hikes
by  AFP

Asian stocks rose Friday after data showing another contraction in the US economy boosted hopes that the Federal Reserve will slow its pace of interest rate hikes. But the reading was taken as a sign of good news, as it could give the Fed room to take its foot off the pedal, with Treasury yields -- considered a barometer of future interest rates -- easing.

Amazon tops expectations as quarterly sales climb
Amazon tops expectations as quarterly sales climb
by  AFP

E-commerce colossus Amazon on Thursday reported that its sales in the recently ended quarter grew more than expected despite inflation and other economic turmoil. Snapchat's parent firm, for example, reported that its loss in the recently ended quarter nearly tripled to $422 million despite revenue increasing 13 percent under conditions "more challenging" than expected.

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