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Friday, March 1, 2019

China P2P lender Dianrong closing 60 stores, laying off 2,000 employees: source

Dianrong, one of China's biggest peer-to-peer (P2P) lenders, is shutting down 60 of its 90 offline stores and laying off an estimated 2,000 employees, a source with direct knowledge of the matter told Reuters on Friday.


from Reuters: Business News https://ift.tt/2tRVCIZ

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Interest rates held at 5% but 'on the path down'

Economists are betting on rates being held in September with a cut to come in November instead. from BBC News https://ift.tt/OyPldkf