after the company failed to meet bond coupon payments, issued a profit warning and suspended trading in 11 of its onshore bonds.The People's Bank of ChinaThis is in contrast with expectations from economists polled by Reuters, which expected both rates to be cut.
The move also comes after the PBOC cut its short-term loan rates, as well as its medium-term lending facility rates last week.— Lim Hui JieAnalysts atscreened for"triple momentum" stocks based on their momentum in three areas: earnings, price and positive news. Earnings momentum refers to the change in consensus earnings per share estimates for each stock over three months, according to BofA. Price momentum concerns market sentiment, while news momentum refers to media coverage and corporate news releases.