Monday , November 25 2024

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Stocks rise, dollar falls after Fed hikes as expected

Stocks rise, dollar falls after Fed hikes as expected

A gauge of global stocks rose and the U.S. dollar and Treasury yields were lower on Wednesday after the Federal Reserve raised its target interest rate by the expected 25 basis points but communicated more increases were on the horizon. The Fed said the U.S. economy was enjoying “modest growth” …

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Livestock company Dabaco reports first losses in 5 years

Livestock company Dabaco reports first losses in 5 years

Leading food and animal feed producer Dabaco Group posted a net loss of over VND79 billion (nearly $3.35 million) in Q4 of 2022, recording its first decline in five years. The loss was mainly due to unexpected lower pork prices. Pork prices based on live weight in late December 2022 …

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