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China's money rates steady on c.bank's liquidity support after holiday

China's money rates were stable in the Lunar New Year holiday-shortened week, as liquidity conditions loosened following a generous cash injection by the central bank. The volume-weighted average rate of the benchmark seven-day repo traded in the interbank market, considered the best indicator of general liquidity, was 2.8406 percent on Friday afternoon, around 1 basis point higher than the previous week's closing average rate of 2.8279 percent on Feb. 14, th

Exclusive: Trump calls meeting on biofuels policy blamed by bankrupt refiner

U.S. President Donald Trump has called a meeting early next week with key senators and Cabinet officials to discuss potential changes to biofuels policy, which is coming under increasing pressure after a Pennsylvania refiner blamed the regulation for its bankruptcy, according to four sources familiar with the matter.

Indian auditor group begins probe into PNB fraud case

The Institute of Chartered Accountants of India (ICAI), a state-controlled regulator for the sector, has said it is probing whether auditors played a role in perpetrating the alleged $1.77 billion fraud that Punjab National Bank unearthed last week.

Indian auditor group begins probe into PNB fraud case

The Institute of Chartered Accountants of India (ICAI), a state-controlled regulator for the sector, has said it is probing whether auditors played a role in perpetrating the alleged $1.77 billion fraud that Punjab National Bank unearthed last week.

Breakingviews - Anbang seizure flips script on Chinese takeovers

The seizure of Anbang Insurance Group flips the script on Chinese takeovers. Authorities have commandeered the acquisitive insurer – a buyer of New York’s Waldorf Astoria and onetime suitor of $14 billion Starwood Hotels – and prosecuted its boss, Wu Xiaohui. It is the boldest step yet in Beijing’s battle against financial excess. The move also could be a worrying omen for others.

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Special counsel files new charges against Trump ex-aides Manafort and Gates

WASHINGTON The special counsel in the Russia probe filed new criminal charges on Thursday against President Donald Trump's former campaign aides Paul Manafort and Rick Gates, stepping up pressure in a legal battle that started last year. | Video

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