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NOTHING IS PERMANENT EXCEPT CHANGE

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Step to counter effects of yuan devaluation comes as Beijing’s policy-making tools are questioned; stocks fall sharply in Asia morning

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The Reserve Bank of Australia cut interest rates for the second time in as many months, moving to bolster the resource-rich economy against an increasingly murky global outlook, and drive faster job creation locally. The central bank on Tuesday lowered its official cash rate to a record low 1.00%, down from 1.25%, adding to a […]

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