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BEIJING (Reuters) - China's central bank cut interest rates for the second time in two months on Thursday in the latest attempt to bolster slowing growth in the world's second-largest economy.
JERUSALEM (Reuters) - Israel's cabinet on Sunday approved Finance Minister Yuval Steinitz's plan to double the 2013 budget deficit target, defying a warning by the central bank that doing so could lead to eventual interest rate increases.
NEW YORK/SINGAPORE (Reuters) - Urgent messages flashed on cellphones, email alerts popped up and telephones rang for a team at asset manager Legg Mason on Friday. Dial in to a conference now, the 30-strong enterprise risk management team was told. A major event is underway.
BEIJING (Reuters) - China delivered twin surprises on interest rates on Thursday, cutting borrowing costs to combat faltering growth while giving banks additional flexibility to set competitive lending and deposit rates in step along the path of liberalisation.