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Xinhua Asia-Pacific news summary at 1600 GMT, Jan. 2

January 2, 2023

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China'S Chen Yufei To Semi-Finals At Bwf World Tour Finals

COLOMBO — Sri Lankan stocks soared on the first trading day of 2023, with a total turnover of 1.87 billion…

Australian share market plunges 2% after US Fed hikes rates by 0.75 percentage points

November 2, 2022

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The Australian Share Market Has Plunged After The Us Federal Reserve Raised Interest Rates By 0.75 Percentage Points (Pictured Is The Australian Securities Exchange In Sydney)

The Australian share market has plunged by more than $55billion after the US Federal Reserve sharply raised interest rates by 0.75…

US

Fed set to raise interest rates by 0.75 percentage points for fourth time in a row to 4 percent

November 2, 2022

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The Federal Reserve Is Expected To Raise Interest Rates By Another 0.75 Percentage Point To Reach 4 Percent On Wednesday. It Currently Sits At 3.25 Percent (Above) While Mortgage Rates Rose To 7.16 Percent Last Week, Well Above Their Pre-Great Recession Levels Of 2008.

The Federal Reserve will raise interest rates by 0.75 percentage point for the fourth time in a row on Wednesday…