ING May Sell $2.2B of Asia Units to Richard Li

ING Groep NV, under European Union orders to divest assets, is near an agreement to sell its Hong Kong and Thailand insurance businesses for about $2.2 billion to Richard Li, son of Asia’s richest man, said three people with knowledge of the matter.
PBOC Cuts Rates for Second Time in Three Months
16:15 - March 2 -- China showed its determination to combat a slowdown in the world’s second-largest economy, cutting interest rates before a yearly gathering of the legislature where the Communist leadership typically unveils its goals for the year. Bloomberg's David Ingles reports on "First Up."
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