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China has implemented its most significant reduction in the benchmark mortgage rate in history, in an effort to rejuvenate the struggling property market and stimulate economic growth. The 25-basis point cut to the five-year loan prime rate (LPR) marks a substantial intervention by authorities, signalling a decisive move to address the challenges faced by the real estate sector.
China announced its biggest ever reduction in the benchmark mortgage rate on Tuesday, as authorities sought to prop up the struggling property market and broader economy. The 25-basis... -February 19, 2024 at 11:15 pm EST - MarketScreener
Africa Finance Corporation has held early talks with future sovereign investors including United Arab Emirates, Qatar, and Saudi Arabia as it looks for long-term partners focused on African development.
Amsterdam-based Invest-NL, a Dutch national financing and development institution, announced Dutch Future Fund II (DFF II) with the European Investment Fund.
An exhibition was held in Kingstown earlier today to observe the Caribbean Agricultural Research and Development Institution or CARDI Day. This country’s representative to CARDI, Donowa Jackson says the aim is to highlight the Institute’s work in St. Vincent and the Grenadines. Mr. Jackson says several products were on display at today’s exhibition.…