China's central bank will lower the ratio of funds that banks must hold as reserves in a move that frees tens of billions of dollars for lending and aims to help spur slowing economic growth. The reserve requirement ratio for major commercial banks will

By Joe Parkinson ISTANBUL—Amid tightening U.S. and European Union sanctions against Iran, almost all of Turkey's banks have stopped handling trade deals with the Islamic Republic, leaving one Turkish lender to rake in all that business: state-owned Halkb

SHANGHAI, Feb 17 (Reuters) - The People's Bank of China (PBOC) conducted a net drain of 9 billion yuan ($1.43 billion) from the banking system this week, according to Reuters calculations. The PBOC has injected 73 billion yuan so far this year. Last year

* Says to use a mix of policy tools to guide credit growth * Sees upward price pressures due to loose global liquidity * Aims for 14 pct M2 growth in 2012, in line with expectations BEIJING, Feb 15 (Reuters) - China still needs to prevent a rebound in co

I noticed the city of Medford, I'm guessing, installed some orange or yellow cones along Highland Drive just north of Barnett Road. I'm wondering if they had accidents along there and installed the cones to prevent people from turning left across traffic

A Litchfield pair, charged in connection with the robbery of a People's Bank branch at the Mountview Plaza Saturday afternoon, allegedly used disguises and diversion tactics to veer officers from their trail, according to police officials. Joshua Habib,