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HONG KONG :The Hong Kong Monetary Authority (HKMA) on Thursday cut its base rate charged via the overnight discount window by 50 basis points to 5.25 per cent, tracking a move by the U.S. Federal Reserve. Hong Kong’s monetary policy…
TOKYO: Japan’s factory activity shrank in August amid subdued demand although the pace of decline slowed, while the service sector expanded, showing upbeat conditions in some industries, a business survey showed on Thursday (Aug 22). Rising price pressures and labour…