China keeps benchmark lending rates unchanged as it contends with a weakening yuan newsthirst.

The central bank of the People’s Republic of China is responsible for formulating and implementing monetary policies, preventing and defusing financial risks and maintaining financial stability. Peng Song | Moment | Getty Images China left its benchmark lending rates unchanged Monday, as Beijing contends with a weakening yuan while awaiting policy clues from the incoming…

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US Treasury says it was hacked by China in ‘major incident’ newsthirst.

A Chinese state-sponsored hacker has broken into the US Treasury Department’s systems, accessing employee workstations and some unclassified documents, American officials said on Monday. The breach occurred in early December and was made public in a letter penned by the Treasury Department to lawmakers notifying them of the incident. The US agency characterised the breach…

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