PBOC to Provide $42 Billion for State Purchases of Unsold Homes
The People’s Bank of China will establish a nationwide program to unleash 300 billion yuan ($41.5 billion) in cheap funding to help state-owned companies buy unsold homes.
The People’s Bank of China will establish a nationwide program to unleash 300 billion yuan ($41.5 billion) in cheap funding to help state-owned companies buy unsold homes.
JPMorgan Chase & Co.’s asset management arm has created a new European money market fund focused on public debt, a kind of investment that largely disappeared when interest rates were negative.
Georgia’s president warned the country may lose its chance to join the European Union if the government pushes ahead with a controversial “foreign agent” law in the face of huge protests.
European stocks retreated further from this week’s record levels as dialed-down bets for Federal Reserve policy easing prompted a pull-back from riskier assets.
Emerging-market stocks and currencies headed for a fourth consecutive week of gains as investors weighed US rate cut prospects amid fresh efforts by developing nations to shore up their economies from China to Turkey.
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