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Immigration raid on karaoke joints on Jalan Raja Chulan nets 107 foreign ‘Grade A’ guest relations officers who charged up to RM20,000 for ‘VIP-level’ servicesStocks fluctuated in Asia today after Wall Street returned to winning ways on the back of softer-than-expected jobs data and minutes showing some Federal Reserve officials were open to an interest rate cut at their meeting last month.
The latest round of buying came after Labour Department figures revealed US employers added around 68,000 fewer jobs monthly in the year to March than initially estimated. Observers said the minutes made a cut all but certain, with discussions now on whether it goes for 25 or 50 basis points.But the Fed meeting came before a jobs report that came in so far below expectations it helped spark a sell-off across markets and fuelled fears of a recession, Ray Attrill at National Australia Bank pointed out.“Whether it means the...
“The economy’s resilience is still key — if it holds steady, the stock market might continue its climb,” he said.