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Activity in China's services sector grew modestly in February as new orders rose at their quickest pace in three months, a private survey showed just a few days after the central bank cut interest rates to stimulate the world's second-largest economy. The PBOC had already cut interest rates in November and reduced the reserve requirement (RRR) - the ratio of cash that banks must set aside as reserves - earlier in February, the first such reduction in over two years.
By Johan Purnomo and Darren Whiteside CILACAP, Indonesia (Reuters) - Two convicted Australian drug smugglers were transferred on Wednesday from a Bali prison to an island for execution along with other foreigners, underlining Indonesia's determination to use the death penalty despite international criticism. The planned executions of Myuran Sukumaran, 33, and Andrew Chan, 31, have ratcheted up diplomatic tensions between Australia and Indonesia following repeated pleas for mercy on their behalf.