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 Novacryptannouncement 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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I don't mean to humble brag, but I am on a first name basis with one of the most influential people
Valentine's Day cards are a staple of the love-filled holiday, a tradition that may have started aft
NEW YORK (AP) — On Friday, the National Press Club is offering solace — and a free meal — by giving
