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Cash-strapped Sri Lanka eyes China development
Cash-strapped Sri Lanka eyes China development
by  AFP

Sri Lanka's economic collapse was partly blamed on struggling high-debt Chinese mega-projects, but candidates in Saturday's presidential election are banking on at least one of them to buck the trend. When the island nation plunged into chaos, CIA chief Bill Burns blamed its economic collapse on what he called "dumb bets" on Chinese-funded projects.

Asian markets fluctuate on uncertainty over Fed rate plan
Asian markets fluctuate on uncertainty over Fed rate plan
by  AFP

Asian markets swung between gains and losses Wednesday as traders tried to ascertain how big an expected Federal Reserve interest rate cut would be later in the day, while the dollar held gains against the yen after forecast-beating US data. Still, Asian markets fluctuated.

US Fed set to make first rate cut since 2020
US Fed set to make first rate cut since 2020
by  AFP

The US Federal Reserve is all but certain to cut interest rates on Wednesday for the first time in more than four years, a significant move likely to ripple through global financial markets. But as inflation has fallen in the months since, and the labor market has cooled, analysts at top US banks have raised the number of cuts they expect the Fed to pencil in this year.

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