MercoPress. South Atlantic News Agency
Stories for May 16th 2011
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Monday, May 16th 2011 - 03:01 UTC
China again hikes banks reserves requirements, fifth time this year
In an attempt to cool inflation China’s Central bank raised banks’ reserve requirements for the fifth time this year. The half-point increase takes effect May 18 and will boost levels for China’s biggest lenders to a record 21%.
