SHANGHAI/BEIJING, Aug 25 (Reuters) - China's central bank cut interest rates and lowered the amount of reserves banks must hold for the second time in two months on Tuesday, ratcheting up support for a stuttering economy and a plunging stock market that has sent shockwaves around the globe. The moves came after Chinese stocks tumbled again on Tuesday, as investors despaired at the lack of policy action from Beijing in response to recent data suggesting the downturn in the world's second-largest economy was deepening.

NEXT
Topics:  &sitesection=   &sponsorship=   .js-fivemin-script   ;if (typeof(commercial_video) ==    ) {src_url +=    +commercial_video.site_and_category;if (commercial_video.package) {src_url +=    made in china   shanghai/beijing   aug   reuters   people's bank   china pboc    major chinese   liu li-gang   anz bank    src_url sitesection="+commercial_video.site_and_category;if    futures limit-down the csi300   shenzhen   shanghai composite index    0#cif 0#cic    europe   u.s    australian prime minister tony abbott   leland miller   china beige book international   miller   fed's beige book    src_url sitesection="+commercial_video.site_and_category;if   rescue   global financial crisis   economics   apple inc chief executive tim cook   boeing co   koh gui qing   samuel shen   nathaniel taplin   kazanori takada   pete sweeney   devika krishna kumar   bengaluru   leika kihara   tokyo   lincoln feast   sydney   alex richardson   waterman   nick macfie     this   the huffington post   shanghai   shanghai    chinese   pboc   china    rrr   beijing   hong   kong   asia   rates   reserve   ratio   stocks   economy   percent   markets   tuesday   investors   var   placeholder   market   real   fears   central   data   world   growth   benchmark   points   cutting   response   basis   justify   monday   action   commodity   equity   downturn   big   one-year   shown   billion   time   sought   consumer   amount   banks   policy   unusual   crash   fell   week   earlier   pace   panic   fundamentals   document.createelement("script");script.src   object   sponsorship="+commercial_video.package   sitesection="+commercial_video.site_and_category;if   companies   government   giving   yuan   function   significant   landing   plunge   concerns   src_url;script.async   true;var   
BING NEWS:
  • A 'proper' economic downturn is looming, which could trigger steep rate cuts as soon as this year, economist says
    "We believe we are heading into a proper downturn that will require a proper easing cycle," Manulife's chief economist Frances Donald said.
    05/7/2024 - 7:23 am | View Link
  • Stocks rally anew on US rate cut hopes; dollar steady
    Global shares traded close to one-month highs on Tuesday, boosted by revived optimism that the Federal Reserve cuts U.S. interest rates once if not twice this year, while a weaker yen offset by a ...
    05/7/2024 - 5:49 am | View Link
  • EMERGING MARKETS-Asian stocks extend gains on Fed rate cut optimism, FX down on firm dollar
    South Korean shares jump as much as 2.2% * Taiwan's April CPI due later in the day * Malaysia rate decision due on Thursday By May 7 (Reuters) - Most Asian stock markets extended gains on Tuesday on ...
    05/6/2024 - 8:05 pm | View Link
  • Wall Street rises on growing hopes for Fed rate cuts
    Wall Street's main stock indexes gained on Monday as expectations of interest rate cuts this year by the Federal Reserve grew stronger following a soft payrolls data last week. The benchmark S&P 500 ...
    05/6/2024 - 2:56 am | View Link
  • 2 Dividends Set To Soar When The Fed Cuts Rates
    Utilities & preferred securities stand to be biggest beneficiaries of rate cuts. Check out 2 quality CEFs offering +7% yields to enrich our retirement income.
    05/3/2024 - 1:30 am | View Link
  • More

 

NEXT
Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

Movies With Butter More Movie News

More Politics News