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China cuts another key interest rate to boost economy
China cuts another key interest rate to boost economy
Economy
by  AFP

China's central bank on Wednesday said it would slash another key interest rate, a day after it unveiled a raft of new measures aimed at boosting its ailing economy. "China's slew of monetary easing measures have done little to stimulate the economy in recent years," China Beige Book's Shehzad Qazi, told AFP. "Rate cuts are no longer enough to boost growth in China," he said.

Bolivian government rejects Morales ultimatum for cabinet reshuffle
Bolivian government rejects Morales ultimatum for cabinet reshuffle
Economy
by  AFP

Bolivia's government on Tuesday rejected an ultimatum by ex-president Evo Morales to replace its cabinet ministers or face the wrath of his followers, thousands of whom had joined him in a weeklong march to the capital. Bolivia's foreign ministry said in a statement Tuesday that Morales had threatened the country's "democratic order," and rejected his demands.