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World

1st LD-Writethru: China's central bank pledges continued opening-up of financial industry

BEIJING, Aug. 3 (Xinhua) -- The People's Bank of China (PBOC), the central bank, said Monday that it will resolutely push forward the opening-up of the country's financial industry in a sound and orderly manner.

World

Spotlight: U.S. Fed keeps rates near zero, warns of COVID-19 resurgence

WASHINGTON, July 29 (Xinhua) -- The U.S. Federal Reserve on Wednesday kept its benchmark interest rate unchanged at the record-low level of near zero while warning that a recent resurgence in COVID-19 cases nationwide is starting to weigh on economic recovery.

World

2nd LD Writethru: U.S. Fed keeps interest rates near zero amid COVID-19 resurgence

WASHINGTON, July 29 (Xinhua) -- The U.S. Federal Reserve on Wednesday kept its benchmark interest rate unchanged at the record-low level of near zero amid a recent resurgence in COVID-19 cases nationwide.

World

1st LD: U.S. Fed keeps interest rates near zero amid COVID-19 resurgence

WASHINGTON, July 29 (Xinhua) -- The U.S. Federal Reserve on Wednesday kept its benchmark interest rate unchanged at the record-low level of near zero amid a recent resurgence in COVID-19 cases nationwide.

World

China moves further to stabilize foreign trade and investment, advancing innovation for trade in services

BEIJING, July 29 (Xinhua) -- China will take further steps to stabilize foreign trade and investment through expanded opening-up, and advance trials for innovative development of trade in services in an effort to take the country's opening-up to a higher level.

World

Spotlight: U.S. Fed to debate more economic stimulus amid COVID-19 resurgence

WASHINGTON, July 28 (Xinhua) -- The U.S. Federal Reserve is expected to debate how to provide more stimulus to the coronavirus-ravaged economy at its two-day policy meeting starting Tuesday, but the central bank is unlikely to announce major policy changes this week despite a recent resurgence in COVID-19 cases, analysts said.

World

AIIB's membership in Africa grows

BEIJING, July 28 (Xinhua) -- The Asian Infrastructure Investment Bank (AIIB) now has 10 members and nine prospective members from Africa after its board of governors approved an application from Liberia to join the bank.

World

S. African gov't makes COVID-19 guarantee loans easier to access

JOHANNESBURG, July 26 (Xinhua) -- South Africa's National Treasury on Sunday said it has eased the conditions for the companies to apply for COVID-19 loan guarantee scheme.