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Mixed course with China’s interest rate move in Asian stock markets
Asian markets mixed as China lowered key lending rates.
Asia-Pacific markets were mixed on Tuesday as investors digested the Chinese central bank's decision to cut...
China cuts loan rates
China lowered its one-year and five-year prime loan rates by 10 basis points each for the first time since August.
The People's Bank of China...
Alibaba appoints new CEO
Alibaba Group announced that it has chosen its new CEO to replace Daniel Zhang. According to the statement, the new CEO will be Eddie...
Chinese Premier Li: Risk reduction decision should be made by companies
During his visit to Germany, Chinese Premier Li Qiang said that "risk reduction" decisions should be made by companies rather than governments.
During a trip...
Hundreds of millions of dollars in fines for UBS
UBS Group AG is facing hundreds of millions of dollars in penalties for its acquisition of Credit Suisse, for its deals with Archegos Capital.
After...