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The Fed hadn't cut rates so sharply since the collapse of the subprime mortgage market 12 years ago, which roiled the stock market and threatened to pull the economy into a severe downturn. But S&P said "more rate cuts are likely" this year if the "rout in the financial market continues".

The French celebrated their national day on the weekend, an occasion that inspires plenty of Champagne-swilling and fine dining. But since the spirit of Bastille Day suggests a movement away from the Versailles-ish lifestyle, it's a good time of year to explore French food that's a little less gilded.

The Footwear Distributors & Retailers of America, which represents the brands, estimated that the additional tariffs would cost US customers an additional billion per year.

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The Hong Kong-Zhuhai-Macao Bridge is lit up on Dec 31, 2017. A lighting ceremony was held on Sunday to mark the completion of the majority of the work on the world's longest sea bridge. It took six years of preparation and eight years to build the 55-kilometer-long bridge linking Hong Kong, Zhuhai and Macao. [Photo/VCG]

The FTZ means a new round of reform and opening up to the outside world. Benefits of its reform are expected to liberalize trade and investment, Yao said.

The Fed is independent and its decisions do not have to be approved by the president.

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The Hospital Authority said it had no knowledge of the case in response to inquiry by China Daily, while a phone call to the Centre for Health Protection went unanswered.

The General Administration of Customs is planning to make one-stop service a reality in all ports nationwide by the end of this year, a move to further simplify customs clearance procedures, said the administration's vice-minister on Friday.

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The French yeast manufacturer signed a cooperation agreement with snack company Bestore from Hubei province on Nov 7 before inking another two strategic partnership agreements on Nov 9 and 10 with aquatic products companies Nutriera Group and Yuequn Biotechnology, both of which are based in Guangdong province.

The First Global Best Innovation 100 Competition, sponsored by the CBT100 Forum, Xishan district of Wuxi, and Xinjiang Zhongtai Group, and co-organized by China University S&T Achievements Transformation Center (East and South China) and the Association for Collaborative Leadership (ACL), will be kicked off in August, the organizers announced during the same event.