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BBCNEWS Asia Business Report June 4, 2024 01:32:00 - Vimarsana News

BBCNEWS Asia Business Report June 4, 2024 01:32:00

To a one—year lending rate on monday has raised concerns that the world's 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 people's bank of china has produced that twice. combined with additional cuts to the loan prime rates they paint a picture of an economy where ret...

BBCNEWS BBC News June 4, 2024 01:11:00 - Vimarsana News

BBCNEWS BBC News June 4, 2024 01:11:00

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 world's largest biodiversity hotspots. around the world and across the uk, this is bbc news. let's look at some other stor...

BBCNEWS World Business Report June 4, 2024 04:35:00 - Vimarsana News

BBCNEWS World Business Report June 4, 2024 04:35:00

To china now where the authorities are trying to support its struggling economy. the country's central bank has just cut one of its core lending rates, it's so called one—year loan prime rate — and it's now at a fresh record low of 3.45%. but it's 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 world's second biggest economy? joao da silva is following the story from our asia business hub in singapore. investors are underwhelmed by the smooth?— investors are underwhelmed by the smooth? th...

BBCNEWS Asia Business Report June 4, 2024 01:30:00 - Vimarsana News

BBCNEWS Asia Business Report June 4, 2024 01:30:00

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 world's 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 china's current economic challenges. it is certainly true that china's economy has reacted more with a windpipe ra...

BBCNEWS The Context June 4, 2024 19:50:00 - Vimarsana News

BBCNEWS The Context June 4, 2024 19:50:00

Programme. let's look at some other stories making news... china's central bank has cut one of its key interest rates for the second time in three months as the world's second?largest economy struggles to bounce back from the pandemic. the people's bank of china lowered its one?year loan prime rate to 3.45% from 3.55%. the country's post? covid recovery has been hit by a property crisis, falling exports and weak consumer spending. civil servants in indonesia's capital, jakarta, have been instructed to work from home as part of measures aimed at reducing traffic congestion and severe air pollut...