, despite resistance from ECB governors representing core euro-area countries. The ECB reduced the deposit rate to minus 0.5% from minus 0.4%, and said it’ll buy debt from Nov. 1 at a pace of 20 billion euros a month for as long as necessary to hit its inflation goal. In an, central bank governors from Germany, France and the Netherlands opposed immediate resumption of bond purchases, sources say. Other dissenters included, but weren’t limited to, their colleagues from Austria and Estonia.
Hong Kong Exchanges & Clearing’s drama-free ties to Beijing used to be a bonus. But with questions mounting over the Chinese government’s role in Hong Kong affairs, those ties now represent’s $36.6 billion bid for the London Stock Exchange Group. The Hong Kong government, which owns 6% of HKEX, appoints six of the company’s 13 board members, and the city’s chief executive — a person appointed by Beijing — picks the company’s chairman.
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