Scalper1 News
Qihoo 360 Technology (QIHU) and other leading Chinese stocks dropped dramatically Friday even as reports surfaced that Beijing is lowering reserve ratios for banks. The State Council announced Friday that it will lower the reserve requirement ratios for some banks that issue loans for low-income housing and for smaller companies, according to Bloomberg News. The government has been quietly trying to boost the economy but without causing property Scalper1 News
Scalper1 News