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Asia Markets Soar as US Fed Launches Stimulus Plan

After the US Federal Reserve unveiled its latest stimulus plan, Asian markets have risen. Japan’s Nikkei 225 index rose 1.8%, South Korea’s Kospi gained 2.6% and Hong Kong’s Hang Seng added 2.5%. The Fed announced it would buy USD 40bn

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G20 output stagnating

According to data compiled by the Organization of Economic Cooperation and Development (OECD), the G20 group of leading world economies’ GDP grew at an annual rate of 3% in the second quarter, compared with 3.2% in the first quarter. Officials

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Afghani depreciated against dollar

Afghani currency dipped against the US dollar during the outgoing week in Kabul. A US dollar was worth 52.50 AFN, compared to last week’s price of 51.65 AFN. The currency depreciation was linked to a dollar shortage in the market.

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