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PBOC injects $31bn into Chinese economy

Bloomberg The People’s Bank of China is using both money and words to try to ease market concerns about escalating trade tensions and the weakening economy. The central bank injected another 200 billion yuan ($31 billion) into the economy via its medium-term lending facility on Tuesday. Combined with the funds it added earlier this month, that’s a net injection of ...

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ECB will be patient for first interest rate hike, says Draghi

Bloomberg Mario Draghi promised that the European Central Bank will take its time to lift interest rates, reinforcing last week’s agreement by policy makers to keep borrowing costs unchanged at least through the summer of 2019. “We will remain patient in determining the timing of the first rate rise and will take a gradual approach to adjusting policy thereafter,” the ...

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At $9.7 million a pop, private jets luring buyers once again

Bloomberg If anyone’s looking for further evidence of a strong economy, here’s a sign: Wealthy individuals and companies are starting to snap up used private jets before they get too expensive. Take Steven Myers. A private equity financier and a licensed pilot, Meyers had been patiently looking to buy a jet for years. But when he began noticing a drop ...

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