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Financials

Sri Lanka’s c.bank 'extremely unlikely' to cut rates before year-end election

JAFFNA, Sri Lanka, Aug 25 Sri Lanka's central bank is extremely unlikely to reduce its key monetary policy rates before presidential elections expected to be held before Dec. 9, its chief Indrajit Coomaraswamy told Reuters on Sunday.

6:04am EDT

China c.bank sets rules on mortgage rates after reform

BEIJING, Aug 25 China's central bank issued detailed rules on Sunday on interest rates on mortgage loans, following its reform to switch to a market-based reference rate for pricing new loans.

5:58am EDT

AIB puts temporary hold on recruitment, promotion

DUBLIN, Aug 25 Allied Irish Banks (AIB) has imposed a temporary embargo on recruitment and promotion as part of a renewed focus on costs following a recent rise in staff expenses, a spokesman for the bank said on Sunday.

5:25am EDT

Britain's Cuadrilla says 'micro seismic event' occurred at fracking site near Blackpool

Aug 25 British shale gas company Cuadrilla Resources said a tremor measuring 2.1 ML on the Richter scale was recorded at the company's shale gas exploration site late on Saturday.

Rate cut to save Telecom Egypt 20% on financing costs -official

CAIRO, Aug 25 Telecom Egypt will save 20% on financing costs after the Central Bank of Egypt cut interest rates, a company official has said.

4:19am EDT
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