China surprised markets on Monday by cutting both short-term and long-term interest rates, the first broad rate reduction since August 2023. The move signals a proactive approach to stimulate the country’s slowing economy. The cuts, …
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Oil Prices Slip Despite Strong US Fuel Demand
Oil futures closed slightly lower on Friday, with investors weighing the impact of a weak consumer sentiment report against growing expectations of a Federal Reserve rate cut in September. Brent crude futures settled at $85.03 …
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