Rolling coverage of the latest economic and financial news, the LSE rejects proposed merger with HKEXLatest: LSE rejects Hong Kong’s approachChina drops some tariffs on pork and soybeansIntroduction: ECB’s stimulus package lifts marketsBut Austria thinks it’s a mistakeBild: Dracula Draghi strikes again 2.53pm BST Here’s our news story on the LSE-HKEX (non) merger: Related: London Stock Exchange rejects approach by Hong Kong counterpart 2.47pm BST Zimbabwe’s eye-watering interest rate hike, from 50% to 70%, is presumably an attempt to calm its inflation rate, which is acceleratingly alarmingly.According to official data, Zimbabwe’s inflation rate almost doubled in July, to 175% year-on-year. Unofficial estimates suggest it is much higher, as shortages of food and fuel leave citizens facing sharply higher prices every day. Continue reading…
Via: London Stock Exchange rejects Hong Kong takeover approach – business live
Categories: English News