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China seen holding benchmark rate steady in Aug, but weak data fans rate cut talk

China is expected to keep its benchmark lending rate unchanged for the 16th straight month at its August fixing on Friday, but some traders and analysts believe a cut may be needed soon amid signs the country's economic recovery is losing steam, a Reuters survey showed.

UK court sets scene for $14 billion-plus class action against Mastercard

A London court on Wednesday approved a 10 billion pound-plus ($14 billion-plus) class action against global payments processor Mastercard that claimants said could entitle 46 million British adults to roughly 300 pounds each if it is successful.

Sri Lankan shares rise on financial, industrial boost

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