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Small Business Growth

China cuts amount banks hold in reserve to boost lending [Video]

China on Friday cut the amount banks must hold in reserve, releasing an estimated $142.6 billion in liquidity into the financial market as leaders embark on one of their biggest drives in years to kickstart growth. The move by the People’s Bank of China comes a day after President Xi Jinping and other top officials

Categories
Small Business Growth

Dutch paint giant Akzonobel slashes 2,000 jobs worldwide [Video]

AkzoNobel, the world’s leading paintmaker and manufacturer of Dulux paint, said Tuesday it was cutting 2,000 jobs globally, more than five percent of its workforce, as it strives to cut costs. Chief Executive Greg Poux-Guillaume said the job losses would allow the Dutch company to “become more agile in volatile markets and offset headwinds such