China’s central bank extended hundreds of billions of yuan in emergency loans to financial firms and ordered some of the country’s biggest lenders to extend credit as well, as it moved to ease a liquidity crunch and continuing debt sell-off. Source The Australian
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At the beginning of the week, it was a police patrol that had been targeted near the city of Tarterêts. It was not the police that they were attacking this time but the army. An army patrol was attacked and rocked this Friday night around 20 hours in Corbeil-Essonnes by ten young, hooded men. Source Le Parasien
Italy’s economy minister sought to reassure investors on Thursday that they will not be hit by the rescue of two ailing regional banks, Popolare di Vicenza and Veneto Banca, after fears of a full “bail-in” hit the lenders’ debt. Source Reuters
SHANGHAI, May 26 China’s yuan on Friday extended the previous day’s big gain, hitting its strongest level in more
than three months, and the Chinese currency was on track for its best week since mid-January. Source Reuters