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Last updated on April 17, 2014 at 17:30 EDT

Latest Xinhua Asia Stories

2008-10-09 09:00:33

Xinhua Asia-Pacific news summary at 0600 GMT, Oct. 8 HONG KONG -- The Hong Kong Monetary Authority announced on Wednesday that it is to adjust the methodology for determining the base rate starting from Thursday, which will amount to a base rate cut by 100 basis points. "As a result, there will be a cut in the Base Rate, effective tomorrow, from 3.5 percent to 2.5 percent," said Joseph Yam, Chief Executive of Monetary Authority. (Hongkong-Base rate) ---- JAKARTA -- Indonesian...