SYDNEY: Troubled Australian casino operator Crown Resorts rejected a takeover bid from US private equity giant Blackstone on Monday (May 17), saying the offer “undervalues” the gaming group. The casino operator, which is subject to multiple inquiries into allegations of money laundering and ties …
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China central bank chief flags more interest rate cuts
CHINA’S central bank governor said on Friday (Oct 18) the reserve requirement ratio for commercial lenders could be cut further by 25...
China’s mega banks trim deposit rates as stimulus hits profits
CHINA’S largest state-owned lenders have cut their deposit rates on Friday (Oct 18), their second reduction this year as they rushed to...