China Cuts Bank Reserve Requirement to Boost Loans

China's central bank on Sunday cut the amount of cash that banks must hold as reserves, the second industry-wide cut in two months, adding more liquidity to the world's second-biggest economy to help spur bank lending and combat slowing growth. The People's Bank of China (PBOC) lowered the reserve requirement ratio (RRR) for all banks by 100 basis points to 18.5 percent, effective from April 20, the central bank said in a statement on its website www.pbc.gov.cn. "Though the growth in the f...
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US Army Commander: Russia is Threat to Europe

The commander of the US army in Europe has warned that Nato must remain united in the face of a “real threat” from Russia. “It’s not an assumption. There is a Russian threat,” Lt-Gen Frederick “Ben” Hodges said. “You’ve got the Russian ambassador threatening that Denmark will be a nuclear target if it participates in any missile defence programme. And when you look at the unsafe way Russian aircraft are flying without transponders in proximity to civilian aircraft, that’s not professional ...
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Putin Warns Israel Against Selling Arms to Ukraine

Russian President Vladimir Putin warned Israel against selling arms to the Ukraine in response to Russia's decision to green-light the sale of an advanced missile defense system to Iran. Meanwhile, Prime Minister Benjamin Netanyahu slammed the deal, saying it would only bolster Iran's regional aggressions. “It’s the Israeli leadership’s choice. It’s their right to do what they think is appropriate. If (the arms they choose to sell) are lethal weapons, I think it will be counterproductive. It ...
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