Good Morning. Welcome to The Wire’s daily news roundup. Each day, our staff gathers the top China business, finance, and economics headlines from a selection of the world’s leading news organizations.
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The Wall Street Journal
China Unexpectedly Cuts Key Rate as Growth Crumbles — China’s central bank cut a benchmark interest rate, a shift that economists said would likely help the moribund housing market but bring only limited relief to the struggling economy.For U.S. Inflation, China’s Slowdown Is a Double-Edged Sword — China’s manufacturing juggernaut is being punished by lockdowns in Shanghai and elsewhere. The impact on prices will spread.
The Financial Times
Global stocks rally after China unveils new stimulus measures — S&P 500 futures gain 1.3% but Wall Street equities remain on course for longest stretch of weekly los
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