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BLUFFTON, S.C. (AP) — A week ago, Marco Rubio was the best hope of the Republican establishment. Now, he's facing a path to his party's presidential nomination that could require a brokered national convention.
Asian markets extended their rout and the dollar hit 15-month lows against the yen Thursday after Federal Reserve boss Janet Yellen raised concerns about the global economy, essentially quashing the chances of another US rate hike any time soon. Hong Kong led a broad sell-off across the region, while an ongoing supply glut and production splurge saw oil prices sink below $27 a barrel. Dealers continued their flight to safe investments that has played out across trading floors from Asia to the Americas this week as they fret about a possible global recession.