World shares advance after China cuts interest rates to boost economy
Tuesday, 20 May 2025 () World shares experienced a rally following China's decision to cut key interest rates in response to economic challenges intensified by trade tensions with the US Australia also reduced its benchmark interest rate. CATL, a Chinese electric battery maker, saw its shares jump in its Hong Kong trading debut. Meanwhile, US stocks faced pressure after Moody's downgraded the US
Chancellor Rachel Reeves has welcomed the cut to interest rates announced by the Bank of England. Interest rates have gone from 4.5% to 4.25%. Ms Reeves said: "We have had four interest rate cuts now..
The Bank of England has cut interest rates from 4.5% to 4.25%. Shadow chancellor Mel Stride reacted to the news, claiming Labour's policies have prevented higher cuts to interest rates. Report by..
President Trump signals a potential rollback of his steep China tariffs, saying they’ll “come down substantially, but won’t be zero.” His comments follow Treasury Secretary Scott Bessent’s..