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China s Central Bank Hints at Reserve Ratio Cut for Lenders

(Bloomberg) Chinese authorities indicated they may lower the amount of money banks must set aside as reserves to boost lending, even after the central bank provided a massive amount of liquidity via other tools in recent weeks.Most Read from BloombergMusk’s Drug Use Concerns Tesla, SpaceX Leaders, WSJ SaysBoeing Slumps After Panel Blowout Leads to Partial 737 GroundingChina Says It Caught Foreign Consultant Spying for UK’s MI6The People’s Bank of China may use open market operations, medium-t

A summary of the headlines from Fed Chair Powell s press conference

Business Scoop » Monetary Policy Tools And The RBNZ Balance Sheet

Transcripts For CNNW CNN Newsroom 20110826

heading back to washington, d.c. a day ahead of schedule. earlier he called irene a historic storm. i cannot stress this highly enough. if you are in the projected path of the hurricane, you have to take precautions now. don t wait. don t delay. we all hope for the best but have to be prepared for the worst. irene is on track to follow the northeast corridor right up to new england and beyond. cnn is there. reynold wolf is in new jersey, and athena jones is in annapolis, maryland. we will start here in the weather center with cnn meteorologist, chad meyers. chad, give us an idea of where irene is now. not too much changed overnight. the storm did get a little stronger, and as it got stronger, you could see the eye. at 2:00 in the morning, you could truly see the eye. now we don t see it anymore. that tells me the storm is being torn up by a little bit of sheer. it s still a 105-mile-per-hour storm. it will not say category 3 or 4 anymore, but don t let your guard down.

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