Ten Things You Need to Know Today: Tuesday 25 Aug 2015

1. Markets boosted by China interest rate cut

Global stock markets have been boosted by the news that China has cut its main interest rate by 0.25%. The decision to cut the rate for the fifth time since November was taken after two days of turmoil on the markets, which saw the Shanghai Composite index fall by 7.6% on Tuesday. The rate cut takes effect on Wednesday and has been welcomed by economists.

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