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Central bank officials said that the loan prime rate reform, which started in August 2019, has eliminated the banks' invisible floor of lending rates, which in this case is 90 percent of the one-year bench mark lending rate. The LPR has also helped in the liberalization of deposit rates, as banks have adjusted the lower deposit rates to match the falling lending rates, they said.

Changan President Zhu Huarong said the investment will cover a number of things, ranging from car research and development to making batteries and building charging facilities.

Careem CEO and co-founder Mudassir Sheikha, said Didi would bring leading edge AI capabilities, insight and expertise to his company as it enters its next phase of growth.

Canuto will preside over Dataprev, a state-owned company which manages data processing for the social security system.

Cardinal George Pell, Pope Francis' top financial adviser and the Vatican's economy minister, bowed his head but then regained his composure as the 12-member jury delivered unanimous verdicts in the Victoria state County Court on Dec 11 after more than two days of deliberation.