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Russia central bank holds off rate hike after criticism
Russia central bank holds off rate hike after criticism
by  AFP

Russia's central bank kept interest rates at 21 percent on Friday despite surging inflation, a surprise decision that follows criticism from the country's political and business elite over the effects of higher borrowing costs on the economy.

Credit Suisse collapse probe slams banking regulator
Credit Suisse collapse probe slams banking regulator
by  AFP

Switzerland's financial regulator was ineffective in tackling the scandals at Credit Suisse, where executive mismanagement scuppered the bank and nearly triggered a global financial crisis, a Swiss inquiry concluded Friday.

China lifts rock lobster ban, bringing end to Australian trade barriers
China lifts rock lobster ban, bringing end to Australian trade barriers
by  AFP

China has lifted a ban on imports of Australian live rock lobsters, Canberra said Friday, demolishing the final barrier in a broader, multibillion-dollar trade war between the countries. "This is great news for our live rock lobster producers and fishers here in Australia, and importantly, it means that they can now apply for import permits to go back into this market."

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