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Additionally, a planned visit by the US Secretary of State has boosted indices like the HSI The Chinese government introduced an economic stimulus package, including lowering their deposit rate as soon as mid-June. Meanwhile, the U.S. Secretary of State has planned to visit China, which may improve the bilateral relationship between the …
The banking crisis was seemingly resolved after yesterday’s news reported that First Citizens Bancshares Inc agreed to buy Silicon Valley Bank. On top of that, the U.S. authorities are considering expanding its emergency lending facilities for banks to shore up the bank’s balance sheet, which in a way supports the embattled First …
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