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China stocks fall but others rebound...China cuts rates...US Turkey technical deal on IS operations

By The Associated Press | Posted - Aug. 25, 2015 at 5:41 a.m.



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BEIJING (AP) — U.S. stock futures give hope for a rebound after big sell-offs on Wall Street. International markets began to come back today except for China, which fell another 7.6 percent, and Japan. It's not clear if rebounding markets are a sign that the worst is over for now.

BEIJING (AP) — In the face of a slowing economy and big stock losses, China is cutting interest rates for fifth time in nine months. The central bank says the benchmark rate for a one-year loan will be cut by 0.25 percentage point to 4.6 percent and the one-year rate for deposits will fall by a similar margin to 1.75 percent. The bank also increased the amount of money available for lending by reducing the minimum reserves banks are required to hold by 0.5 percentage point.

ANKARA, Turkey (AP) — Turkish and U.S. military officials have sealed an agreement on technical details and procedures for operations against the Islamic State group. Turkey has carried out raids against IS targets in Syria and is allowing a key air base close to the Syrian border to be used in the U.S.-led campaign against the extremists.

DAMATURU, Nigeria (AP) — Police say a young girl suicide bomber has killed five people in northeastern Nigeria at the crowded entrance to the main bus station. Witnesses say the girl appeared to be about 14. A second bombing in the same town by a young man killed only the attacker when the device went off too soon.

BANGKOK (AP) — Bangkok city hall is at odds with Thailand's police chief over the condition of security cameras. City hall, known as the Bangkok Metropolitan Authority, called a news conference today to reject criticism that the probe into last week's deadly bombing has been hindered by broken security cameras. A city hall official says only one faulty camera was found. Twenty people were killed.

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The Associated Press

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