Despite the anticipation of a rate cut to bolster the weakening economy, currently grappling with deflation for the past three months, PBoC held firm, keeping the rate on CNY 995B worth of one-year medium-term lending facility loans steady at 2.50%. This decision defied the general expectation of a 0.1% cut to 2.40%. Opting not to […]
The post Contrary to market expectations, PBoC maintains MLF rate but increases liquidity appeared first on Action Forex.
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Restaurants have struggled as consumers have been pulling back spending and trading down in their choice of where to eat. That has led to high-proifle closures including Smokey Bones shutting many of its stores and Read more…
Meta Platforms (META) is apparently weighing a sweeping workforce shake-up, according to a scathing new report. According to a Seeking Alpha report citing Reuters, Meta executives are exploring layoffs that could affect 20% or more Read more…