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...

Word of the Day
  • A bookseller; now, especially, a dealer in rare and curious books.
This word comes from a Greek phrase meaning 'book seller.'