China central bank cuts benchmark lending rate to boost economy
The one-year rate was last lowered in August, while the five-year LPR had previously been reduced in June. Closely followed by markets, both rates are at historic lows. Tuesday's moves are aimed at encouraging commercial banks to grant more credit and at more advantageous rates. Key Points
Economic TimesDeutsche Pfandbriefbank slumps after profit warning
Shares in Deutsche Pfandbriefbank (pbb) (PBBG.DE) were on track for their worst day in six months after the German lender late on Tuesday lowered its full-year profit forecast and said it would not pay out a special dividend. Key Points
Reuters