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China Cuts Yuan Fix to Lowest Since January Amid Strong Dollar

(Bloomberg) China signaled its permission for the yuan to weaken against the dollar, as a jump in capital outflows and a resilient greenback pressured the central bank into loosening its grip.Most Read from BloombergThese Flight Routes Suffer the World’s Worst TurbulenceNvidia Delivers on AI Hype, Igniting $140 Billion Stock RallyCiti Trader Got 711 Warning Messages Before Sparking Flash CrashTech Up in Late Hours as Nvidia Emboldens AI Bulls: Markets WrapThe People’s Bank of China weakened i

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Chinese Banks Cut Mortgage Reference Rate by Most on Record

(Bloomberg) Chinese banks cut a key reference rate for mortgages by a record amount, a sign that the nation is ramping up support for the property sector in a bid to revive demand. Most Read from BloombergLargest Covid Vaccine Study Yet Finds Links to Health ConditionsCapital One to Buy Discover Financial in $35 Billion DealAmazon Deserves to Be Called Out for Swindling UsersWall Street’s Moelis Bet Big on the Middle East. Now He’s Cashing InStocks Pause Near Record as Traders Await Catalyst:

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China Stock Rout Sends Local Funds Scurrying to Safety of Bonds

(Bloomberg) China’s domestic investors are abandoning the nation’s equities for the safety of bonds as concerns mount about the deteriorating economic outlook.Most Read from BloombergChina Weighs Stock Market Rescue Package Backed by $278 BillionApple Dials Back Car’s Self-Driving Features and Delays Launch to 2028An Isolated Israel Doubles Down on War in Gaza — At All CostsNetflix Pays $5 Billion for ‘Raw’ in Bet on Live EventsTurkey Approves Sweden NATO Bid, Leaving Hungary as HoldoutYields

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China s Market Rescue Plan Seen as Short-Term Fix: Street Wrap

China s Market Rescue Plan Seen as Short-Term Fix: Street Wrap
bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.

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China Central Bank Seen as Open, Pragmatic in Economist Meeting

China Central Bank Seen as Open, Pragmatic in Economist Meeting
bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.

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