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To a one—year lending rate on monday has raised concerns that the worlds second biggest economy is weaker than expected. the one—year loan prime rate has now been reduced twice this year... and stands at 3.45%, ....down from 3.65% in may. the aim is to nudge businesses and individuals to borrow money. the central bank has traditionally used it as a tool to slow down or boost economic activity. it is known as the triple r and since december, the peoples bank of china has produced that twice. ...

Programmes including education and health. she will face businessman daniel noboa, a surprise to many that he will go through to a run—off vote in october. and one other result from the ecuador elections — indigenous leaders and environmental groups have cheered the passing of a nationwide referendum to ban oil drilling in a part of the amazon. the result means the state—owned oil company will have to stop its operations in a block of yasuni national park, one of the worlds largest biodive...

To china now where the authorities are trying to support its struggling economy. the countrys central bank has just cut one of its core lending rates, its so called one—year loan prime rate — and its now at a fresh record low of 3.45%. but its decided to leave its five—year rate unchanged at 4.2%. recently we have been talking about a slew of gloomy economic data coming out of china, the worlds second biggest economy? joao da silva is following the story from our asia business hub in singa...

Has just cut one of its court lending rates. it is a one—year loan crime rate and it is now at a fresh record low of 3.45% but it has decided to leave its five year rate unchanged at 4.2%. in recent weeks we have had a slew of economic data which showed growth is slowing in the worlds second biggest economy and on sunday the countries of central bank also urged banks to increase lending to companies to boost growth. daniel murray from private bank efgam told me what he makes of chinas current ...

Programme. lets look at some other stories making news... chinas central bank has cut one of its key interest rates for the second time in three months as the worlds second?largest economy struggles to bounce back from the pandemic. the peoples bank of china lowered its one?year loan prime rate to 3.45% from 3.55%. the countrys post? covid recovery has been hit by a property crisis, falling exports and weak consumer spending. civil servants in indonesias capital, jakarta, have been instructed to...

Lets begin in china, because an incremental cut to a one—year lending rate on monday has raised concerns that the worlds second biggest economy is weaker than expected. the one—year loan prime rate has now been reduced twice this year... and stands at 3.45%, ....down from 3.65% in may. the aim is to nudge businesses and individuals to borrow money. hong kong—based market strategist vincent chan of al theia capital told me the market thinks the chinese government is not doing enough. the co...

Unseasonably cold weather. >> he has been a little bit under the weather. maybe it is okay that he is resting. >> marcus: pope francis keeping a demanding schedule. presiding over a surface inside saint peters for sale, using. standing to kiss a statue of jesus. >> it is beautiful that he is out of the hospital and that he wants to eat with us especially at easter. >> marcus: and the vatican has given no indication that pope francis will miss any other events. he is expected to preside over mass...

And powells comments foreshadow rate hikes when the fed meets later this month. and on inflation watch, gas prices road to $3.45 a gallon. and want to bring in the federal reserve and economy reporter for the "new york times." and gina, i want you to listen to a thelittle part of powells testimony. >> the latest economic data have come in stronger than expected which suggests that the ultimate level of interest rates is likely to be higher than previously anticipated. if totality of the data w...

Which is good news for wall street. boeing announcing its plans to slash 2,000 hr and finance jobs. and an earnings watch, uber and disney are set to report later today. and gas prices fell a penny overnight now sitting at $3.45 a gallon. zoom the latest to announce a round of job cuts, it will layoff 1300 workers or about 15% of its staff. in a memo to employees, the chief executive said he made mistakes in growing the company so quickly during the pandemic. ceo and other executives will take...

Microsoft, they hired too much over the past few years and now tech ceos are unwinding that pandemic hiring spree. markets around the world this tuesday morning. european markets are mixed. asia closed for the week. chinese markets closed for the week. new data shows modest growth in business activity in the eurozone. wall street, stock index futures leaning down after a big rally on wall street led by tech. bad news on main street is good news for wall street. investors cheering all of that c...