RBA’s Stevens Cuts Benchmark Rate to 3%

The following is a reformatted version of a statement published today on the Reserve Bank of Australia’s website, after Governor Glenn Stevens and his board lowered the overnight cash-rate target by a quarter percentage point to 3 percent.
H-Shares Valuations Still Attractive: UBS Wealth's Tay
31:08 - Kelvin Tay, Singapore-based chief investment officer for Southern Asia Pacific at UBS Wealth Management, talks about China's stocks and central bank policy. Tay also discusses Greece's debt problems and their implications for European and Asian markets. He speaks with Yvonne Man on Bloomberg Television's "First Up." (Source: Bloomberg)
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