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October 21, 2024

China Cuts Market-based Benchmark Lending Rates

China on Monday cut its market-based benchmark lending rates, with the one-year loan prime rate (LPR) down to 3.1 percent from the previous reading of 3.35 percent.

According to the National Interbank Funding Center, over-five-year LPR, on which man…

S. Korea’s Exports Fall 2.9% during First 20 Days of October

South Korea’s exports lost 2.9 percent on-year in the first 20 days of October due to falling demand for vehicles and petroleum products and fewer working days, data showed Monday.

Outbound shipments reached US$32.77 billion in the Oct. 1-20 period,…