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The People's Bank of China (PBOC) may not raise the benchmark interest rates, but money market rates will move higher following three US rate hikes, according to the UBS report.

The Seahawks honored late owner Paul Allen with a tribute video and special 12th Man flag raising before a game against Los Angeles. (GeekWire Photo / Kevin Lisota)

The S&P 500 declined 3.35 percent. The tech-heavy Nasdaq Composite fell 3.71 percent but remains up about 3 percent for the year. The S&P is down slightly in 2020.

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The SCO members will continue to explore viable approaches to setting up an SCO development bank to collectively provide reliable funding support for connectivity projects in our region, he added.

The Republican president added that flags would remain at half-staff on Monday for the country's Memorial Day, honoring those who died while serving in the US military.

The People's Bank of China, the Chinese central bank, has not yet joined the dollar swap lines. At a PBOC media conference on Sunday, some journalists asked whether the central bank would consider such an arrangement in the future, but officials did not provide any clear answers.

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The San Francisco Municipal Railway suspended service on its cable cars, streetcars, subway and light rail lines and cut service on 70 of 89 bus routes as ridership plunged during the pandemic this spring.

The Railway Unions launched the strike alleging that a group of junior train drivers, who were still under training, had been appointed by breaching the normal recruitment procedures.

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The Qiantu K50, unveiled in China in 2018, is now sold at about 0,000 in the Chinese market.

The People's Bank of China, the country's central bank, announced on Friday a cut in the reserve requirement ratio for financial institutions by 50 basis points from Sept 16 in the latest effort to bolster the economy.