A fully-fledged cut of the reserve requirement ratio (RRR) for banks is unlikely, as the central bank prefers targeted monetary tools, economists have said, as speculation mounts about such a dramatic move to heat China's lukewarm economy.
China's central bank announced on Monday that it will cut the reserve requirement ratio (RRR) by 0.5 percentage points for banks engaged in proportionate lending to agricultural and small firms.
Australia's largest airline Qantas is preparing to cut 5,000 jobs in response to an expected huge amount of losses in the first half of the 2013/14 financial year, local media reported on Tuesday.
Swedish police launched an investigation on Tuesday following a series of mysterious dead cow incidents last week, local media reports.
Armed with nothing more than red pieces of paper and a pair of scissors, Fu Zhao’e has recreated everything frm Chinese folktales, cartoon characters, to intricate flowers and animals.
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