Central bank

China frees up $US200b for lending

China frees up $US200b for lending

In the latest sign that economic growth may be slowing faster than the leadership in Beijing anticipated, China on Sunday freed up roughly $US200 billion ($250 billion) for new lending. The country’s central bank sharply reduced the amount of money that banks are required to keep on reserve, a widely expected stimulus measure devised to pump more […]

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Yellen to Be Named Fed Chairman, The First United States Female Chief

Yellen to Be Named Fed Chairman, The First United States Female Chief

President Barack Obama will nominate Janet Yellen as chairman of the Federal Reserve, which would put the world’s most powerful central bank in the hands of a key architect of its unprecedented stimulus program and the first female leader in its 100-year history. Obama will announce the nomination at 3 p.m. today in Washington, a […]

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