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China Finance Ministry: S&P's China sovereign rating cut is a wrong decision

An official from the Chinese Finance Ministry is out on the wires now, via Reuters, condemning S&P’s China sovereign credit rating downgrade.

Key Headlines:

S&P's China sovereign rating cut is a wrong decision

Decision neglects the characteristics of China financial market's financing structure

Decision neglects China's sound economic fundamentals, development potentials

AUD/JPY slammed to 88.60 on renewed N. Korea risks

The cross in AUD/JPY ended its brief consolidative mode and broke further to the downside, after the safe-haven Yen picked-up strength across the bo
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N. Korea’s Ri: ‘It could be the most powerful detonation of an Hydrogen bomb in Pacific’

South Korea’s state news agency, Yonhap, out with more details on the latest warning issued by North Korea’s Foreign Minister Ri Yong-ho late-Thursday
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