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Podcast: World Business Report
Episode:

Update:China cuts interest rates
Category: Business
Duration: 00:12:56
Publish Date: 2022-01-18 00:33:00
Description: China has unexpectedly cut a key interest rate for the first time in almost two years as official figures showed its economic growth had slowed. Geoffrey Yu, senior market strategist at bank of New York Mellon, explains the possible reasoning behind the move. Antonio Horta-Osorio has resigned as chairman of Credit Suisse following Covid breaches. The departure comes on the heels of a string of scandals for the beleagured bank.
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