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ORCL - Wall Street Breakfast: Coronavirus Threat Prompts More China Stimulus
Oracle Corporation
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The Shanghai Composite Index closed up 1.8% overnight as the PBOC lowered its benchmark lending rates, cutting its one-year loan prime rate from 4.15% to 4.05% and the five-year rate from 4.80% to 4.75%. The move follows the central bank's decision on Monday to lower interest rates on its one-year medium-term lending facility - funds the PBOC lends to financial institutions - from 3.25% to 3.15%. "The ten