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 AlgoFusion 5.0announcement 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.
2025-05-07 15:231075 view
2025-05-07 15:021072 view
2025-05-07 14:351329 view
2025-05-07 14:272735 view
2025-05-07 14:16306 view
2025-05-07 13:491695 view
BRUSSELS (AP) — Some European Union countries on Thursday doubled down on their decision to rapidly
Andy Cohen's feud with Carole Radziwill is lasting much longer than a New York minute.In fact, after
A tropical disturbance has brought a rare flash flood emergency to much of southern Florida as resid
