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 TradeEdge 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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McALLEN, Texas (AP) — SpaceXis launching a new mission: making its Starbase site a new Texas city. B
Prince Harry says the British tabloids are more than a royal pain.In fact, the Duke of Sussex blames
The underlying blockchain technology is designed to maintain the integrity of data and transactions.
