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  • US stocks slump after jobs data
    Business
    AFP News

    US stocks slump after jobs data

    US stocks slumped further Friday -- with the tech-heavy Nasdaq falling into correction territory -- as strong jobs numbers added to interest rate fears.

  • Singapore dollar’s fortunes darken as buy momentum set to wane
    Business
    Bloomberg

    Singapore dollar’s fortunes darken as buy momentum set to wane

    The Singapore dollar’s strength looks set to fade after it lost momentum following its advance to the strongest in almost two years.

  • Lebanon's president wants investigation into currency crash
    News
    Associated Press

    Lebanon's president wants investigation into currency crash

    Lebanon’s president Wednesday ordered the central bank governor to open an investigation into currency speculation, after the Lebanese pound plunged to record lows on the black market this week. The request by President Michel Aoun came after the country’s banks were required to raise their capital holdings by Feb. 28, and local media reported that some had to scramble to get hard currency from the black market, sending demand for it — and its prices — surging. While officially the U.S. dollar costs only 1,520 Lebanese pounds, the black market price was around 9,900 pounds on Wednesday — a day after briefly hitting a record high of 10,000.