The People's Bank of China (PBOC) injected a total of 400 billion yuan into the market via one-year MLF at the interest rate of 3.25 percent, 5 basis points lower than the previous MLF, the PBOC said on its website.
The S&P 500, a broader index than the 30-stock Dow, dropped 34 percent between February 19 and March 23 as the economy shut down amid the coronavirus pandemic. It has regained about 28 percent, but some investors question the strength of the rally and have shorted cruise lines, hotels, resort and technology stocks.
The RT-PCR kit can produce results in three hours as soon as samples are delivered to the lab, and overseas orders for the kits have been increasing, the Shenzhen-based company said, adding shipments are already heading to 51 countries and regions including Japan, Brunei, Peru, and Thailand, either for donation or sales.
The Philippine government believed the Philippines' maiden issuance of panda bonds affirms the country's improving bilateral relations with China and the increasing relevance of the Chinese currency. The International Monetary Fund included the renminbi in the Special Drawing Rights' basket of currencies in 2016.
The People's Bank of China said the fund infusion was to maintain liquidity at an ample level in the banking system. The MLF is a monetary policy tool established by the PBOC in 2014 to offer collateralized loans to banks.
The Philippines has recorded 96 deaths and 2,311 infections so far.
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The Sci Innovation Centre had earlier held regional competitions with partners in Toronto, Waterloo, Ottawa, and Montreal, contributing to the 191 total Canadian submissions, then narrowed those down to feature the 20 brightest new innovative projects competing for top awards of up to C,000.
The San Jose 1 hydropower station, with a total investment of 9 million and a total installed capacity of 55 megawatts, is expected to save Bolivia million electricity costs every year.
The S&P 500 index posted no new 52-week highs and 52 new lows; the Nasdaq Composite recorded 10 new highs and 234 new lows.
The People's Bank of China (PBOC) pumped 40 billion yuan (.9 billion) into the financial system through reverse repos, according to a PBOC statement.