money market

Money market fund flight occurred before passage of debt ceiling legislation in the US

About USD43 billion was pulled from the money market as investor fears of US debt crisis reached its height prior to Wednesday nights passage of much needed legislation.

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PBOC injects CNY 17 billion (USD 2.7 billion) in local market to ease credit crunch

China's central bank infused its local money markets with CNY 17 billion (USD 2.7 billion) and eased concern over a repeat of last month's credit squeeze.

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