China Everbright Bank lowers rates amid weak economy

Source: Bloomberg
China Everbright Bank Co Ltd decreased the deposit rates from the highest permitted level, as the People's Bank of China keeps injecting liquidity against the background of gloomy growth prospects. The deposit rate was cut to 3.16% compared to the previous level of 3.3%. Following the decision the stock price of Everbright Bank slipped 1.2% to trade at 4.07 yuan per share.
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Wed, 11 Feb 2015 20:11:04 GMT

Asian stocks depreciate as earnings concerns negate Greek deal risk-on sentiment

Asian stocks declined on low trading volume, since concerns regarding corporate income erased optimism that Greece might reach a compromise with its creditors. CSL Ltd. slumped 7.8%, Suncorp Group Ltd. tumbled 2.9%, Taiwan Semiconductor Manufacturing Co. fell 3.9% and the MSCI Asia Pacific Excluding Japan Index surged 0.3% to 476.74 at 4:04 p.m. in Hong Kong.

Wed, 11 Feb 2015 15:24:58 GMT

OPEC producers lower oil prices for Asia in market share battle

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