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China cuts RRR for small, medium-sized banks

China's central bank on Friday announced a decision to cut the reserve requirement ratio (RRR) for small and medium-sized banks by 100 basis points in its latest effor

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U.S. Fed to allow foreign central banks to swap debt for cash

The Federal Reserve announced a new facility Tuesday that will allow foreign central banks to temporarily swap debt holdings for U.S. dollars.

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New York Fed to inject 100-150 bln USD daily into financial market over COVID-19

The New York Federal Reserve Bank will raise the amount of money it offers to banks for short-term funding to at least 100-150 billion U.S. dollars since Monday, as concerns over COVID-19 continued t

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Urgent: China to cut RRR by 50 basis points

BEIJING, Jan. 1 (Xinhua) -- China's central bank on Wednesday announced a decision to cut the reserve requirement ratio (RRR) for financial institutions by 50 basis po

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Large silver mineral reserve discovered in north China's Inner Mongolia

AlargesilvermineralreservehasbeenfoundinnorthChina'sInnerMongoliaAutonomousRegion,localauthoritiessaidThursday.AccordingtotheInnerMongoliaDepartmentofLandandRes

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One-billion-tonne conglomerate oil field discovered in China's Xinjiang

AnoilcompanyannouncedThursdaythatithadfoundaconglomerateoilfieldwithanestimatedone-billion-tonnereserveintheJunggarBasininXinjiangUygurAutonomousRegion.Theoilfi

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Macaque tears off forearm to escape trap in SW China

Amacaquethatgotcaughtinanillegalpoacher’sanimaltrapinanaturereserveinsouthwestChinahasbeenfoundalivebutmissingitsforearm,afteritappearstohavetornitselffreeinagr

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New policy of PBOC not “RRR cut”, likely to flat offshore RMB fluctuation

After reviewing the deposit reserve deviation, the central bank, also known as the People’s Bank of China (PBOC), further “averages” the review method for reserve requirement ratio (RRR) to hedge the market fluctuation caused by timing factors.

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Visiting the last wild camels

Bactrian camels are the last remaining wild camels. The animal is listed as critically endangered by the International Union for Conservation of Nature.