(ECNS)-- The People's Bank of China, the country's central bank, will lower the reserve requirement ratio by 0.5 percentage points, effective on Feb. 5, Pan Gongsheng, its governor, said at a press conference on Wednesday. It will provide the market with approximately 1 trillion yuan in long-term liquidity, Pan added.
|
Lithuania defends banning Russian and Belarusian observers from monitoring upcoming electionA Cambodian court sentences a union leader to 18 months in prison for comments on FacebookTiger Woods to feature at PGA Championship along with 16 LIV golfersPrada focuses generational transition on artisans, expanding production and workforce in ItalyPanera will stop serving 'Charged Sips' drinks after wrongful death lawsuitsBiden heads to Wisconsin to laud a new Microsoft facility, meet voters — and troll TrumpPSG faces a difficult rebuilding task without Mbappé as the curtain falls on superstar eraRojas and France help the Mariners knock off the Twins 10UN food agency fears an escalation on the LebaneseLithuania defends banning Russian and Belarusian observers from monitoring upcoming election