China has lowered benchmark lending rates as expected at the monthly fixing on Monday, following previous reductions to other policy rates last month as part of a stimulus package to revive the economy. The one-year loan prime rate (LPR) was decreased by 25 basis points to 3.10% from 3.35%, while the five-year LPR was also … Read more
The Editor’s Digest can be accessed for free Roula Khalaf, the Editor of the FT, shares her favorite stories in this weekly newsletter. A recent survey has revealed that the top 10 UK law firms are now charging clients nearly 40% more per hour compared to five years ago. This increase in fees can be … Read more
MONTCLAIR, N.J. — As a high-school senior in New Jersey, Ernesto Reyes Velasco couldn’t envision himself taking the leap to become an independent college student. Neither of his parents, who are immigrants from Mexico, had gone to college. He didn’t have close friends as examples. Money was tight. But this past summer Reyes Velasco spent … Read more