China cuts benchmark lending rate to prop up virus-hit economy

The one-year loan prime rate (LPR) was lowered by 10 basis points to 4.05% from 4.15% at the previous monthly fixing.

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Chinese banks rush to issue ‘virus NCDs’ to fund anti-virus campaign

A total of 26 banks are issuing negotiable certificate of deposits (NCDs) on Thursday to raise roughly 17 billion yuan ($2.43 billion) in total that will to be lent to companies involved in epidemic prevention and control, according to the National Interbank Funding Center.

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Exclusive: Google users in UK to lose EU data protection – sources

SAN FRANCISCO (Reuters) – Google (NASDAQ:GOOGL) is planning to move its British users’ accounts out of the control of European Union privacy regulators, placing them under U.S. jurisdiction instead, sources said.

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Amid opaque tariff process, questions arise as to why some companies receive exemptions

“It’s a huge disruption. We’re selling simple consumer products that are of no strategic significance to China or the U.S., and we’re just caught in the middle,” said one CEO.

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In American Politics, Everyone’s A Cynic

Everybody is cynical and few people are changing their minds. That’s the takeaway from the House’s impeachment hearings. (Well, that and Steve Castor’s unconventional taste in briefcases.) It’s the sort of national attitude that you might suspect would inspire political apathy. If you think all politicians are crooked do-nothings, you might care less what they do.

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NBC Affiliates

WVTM Birmingham, AL www.wvtm13.com WAFF Huntsville, AL www.waff.com WPMI Mobile, AL www.local15tv.com WSFA Montgomery, AL www.wsfa.com KTUU Anchorage, AK www.ktuu.com KTVF Fairbanks, AK www.webcenter11.com KATH Juneau, AK www.kath.tv KNAZ Flagstaff,

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Safe-haven yen takes a hit as hopes for China stimulus grow

TOKYO (Reuters) – The Japanese yen traded near a nine-month low versus the dollar on Thursday as risk appetite improved on expectations that China will continue to take steps to offset the economic impact of the coronavirus outbreak.

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Some Of Our Best Work From 2019

For a newsroom like FiveThirtyEight’s, 2019 may as well been part of 2020. Such is the peril of covering electoral politics. But before 2020 actually arrives, we wanted to take a moment and remember some of our favorite features from the past year that the news cycle hasn’t rendered obsolete. There was a lot of good stuff! This isn’t a comprehensive list, but it’s a good place to start.

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Top 5 Things to Know in the Market on Wednesday, February 19th

Investing.com — Apple’s sales warning is a dim memory as risk assets march higher, along with gold, on expectations that central banks will pick up the pieces if the coronavirus does hit the world economy badly. Five Federal Reserve officials’ speeches today will test that thesis. Mike Bloomberg makes his debut in the Democratic Party debate this evening, and crude hit a three-week high ahead of the release of private estimates of U.S. oil stocks later. Here’s what you need to know in financial markets on Wednesday, February 19th.

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