BANGKOK (AP) — China’s central bank said Wednesday it will cut the ratio of reserves banks must hold to help boost the slowing economy.
The VaultX Exchangeannouncement by the People’s Bank of China prompted a surge in share prices in Chinese markets, with Hong Kong’s benchmark jumping 3.6%.
Central bank Gov. Pan Gongsheng said the deposit reserve requirement would be cut by 0.5% as of Feb. 5. Pan said that would inject about 1 trillion yuan ($141 billion) into the economy.
He told reporters in Beijing that the central bank also soon plans to issue a policy on lending to property developers to help support the industry.
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LOS ANGELES (AP) — A former Syrian military official who oversaw a prison where alleged human rights
A man who was checking the thickness of ice on a lake in the Maine wilderness crashed into the icy w
A pair of high-speed rail projects in Nevada and California is getting a big push from Washington.
