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US mortgage rates rise to 6.29%, highest in 14 years

US mortgage rates rise to 6.29%, highest in 14 years

U.S. 30-year fixed-rate mortgages rose to 6.29% on Thursday, the highest level since 2008, according to Freddie Mac’s mortgage market survey. Last week, rates averaged 6.02%. A year ago, home buyers enjoyed rates of 2.88%. The Federal Reserve’s aggressive monetary policy tightening, including a 75 basis point hike announced on …

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Malaysia frees 37 Vietnamese fishermen after 3-month detention

Malaysian police handed over 37 fishermen from Quang Nam Province they had detained for more than three months to Vietnamese authorities Thursday night. They were put on flights from Kinabalu through Kuala Lumpur and HCMC to Da Nang, where they arrived at 10 p.m. The reunion with their loved ones …

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How Vietnam’s exports weathered global storm

How Vietnam's exports weathered global storm

Vietnam’s exports have maintained double digit growth this year, but could face global headwinds like falling consumption and rising inflation in the remaining months. Exports were up 18.2% year-on-year in the first eight months to over US$252 billion, with August shipments rising to a five-month high thanks to recovery in …

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