The five-year benchmark loan rate — the peg for most mortgages — was cut by 25 basis points, according to a statement Tuesday from the People's Bank of China.
The Singapore Airshow this year is gearing up to showcase Chinese aircrafts, as the city-state hosts one of Asia's largest aerospace and defense events.
While there will be aerial displays of commercial liners by Airbus and China's Comac C919, Boeing will not have any commercial aircraft at the Singapore Airshow.
One bright spot in Alibaba's quarterly earnings was its international e-commerce arm which posted revenue of 28.5 billion Chinese yuan, up 44% from a year ago.
To raise or not to raise new debt together? That's the question hanging over the shoulders of European officials as they promise to spend more on defense.
Xpeng plans to hire 4,000 new people and invest 3.5 billion Chinese yuan ($486.2 million) in artificial intelligence technology, according to the company's CEO.
Nintendo shares fell nearly 6% after a report said the launch of the Switch 2, the next version of its flagship gaming console, would be delayed until 2025.
Singapore will invest more than 1 billion Singapore dollars (about $743 million) over the next five years for AI, said Finance Minister Lawrence Wong on Friday.