July 8, 2022
US Stocks Decline as Jobs Fuel Rate-Hike Bets
US stocks dropped after the jobs report showed that employment growth cooled slightly but remained strong, clearing the path for the Federal Reserve to remain aggressive in its fight against inflation.
UK Households Face ‘Catastrophic’ Winter as Energy Costs Climb
British households are bracing for yet another jump in bills this winter as eye-watering energy costs push up a nationwide ceiling for prices.
India’s Forex Reserves Fall to More Than 14-Month Low
India’s foreign exchange reserves fell to their lowest level in over 14 months as the central bank sold dollars to prop up the currency.
The reserves fell $5.01 billion to $588.3 billion as of July 1, data by the Reserve Bank of India released Friday showed. The decline in the reserve kitty comes amid the rupee hitting record lows.
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