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The People's Bank of China (PBOC) building in Beijing on Dec. 15, 2022.Bloomberg | Getty ImagesChina's central bank on Wednesday kept major benchmark lending rates unchanged, as Beijing assesses the effects of its existing stimulus measures. The People's Bank of China said it would keep the 1-year loan prime rate at 3.1%, and the 5-year LPR at 3.6%.Market watchers polled by Reuters had expected PBOC to keep the lending rates unchanged this month.There was "no immediate need to adjust the LPR this month," said Bruce Pang, chief economist and head of research for Greater China at JLL, adding that the Chinese leaders were likely still assessing the impacts of recent stimulus. The record-low net interest margins at Chinese commercial banks have limited their ability to support lower lending ra...

The Comcast NBC logo is shown on a building in Los Angeles, California, June 13, 2018.Mike Blake | ReutersComcast is moving forward with the spinoff of its cable network channels, people familiar with the matter told CNBC on Tuesday.The separation is expected to take about a year, and an announcement from the company could come as early as Wednesday, the people said.The new entity will be led by Mark Lazarus, the current chairman of NBCUniversal's media group, one of the people said. NBCUniversal's Chief Financial Officer Anand Kini, will serve as the CFO and operating chief of the new entity, the person said.Comcast Chairman and CEO Brian Roberts will maintain a voting position in the company, but will not serve as an officer or on the board of directors, the person added.The spinoff wil...

Nvidia earnings results this week are more important to the stock market than the Federal Reserve or even jobs data, according to the options market. The artificial intelligence chipmaker is set to release results Wednesday after the stock market closes, moving back into the spotlight on Wall Street following a lengthy focus on the U.S. presidential election and the Federal Reserve's interest rate outlook. But Jensen Huang's company remains crucially important to the market, according to Wall Street firms tracking the options market. "While election implications, rates volatility and the Fed dominate conversations, options tell us NVDA earnings are still a very big deal for the market," Gonzalo Asis, equity-linked analyst at Bank of America Securities, wrote Sunday. Asis says future implie...