Breaking News
Nov 25, 2022
  • The People's Bank of China lowered its bank reserve ratio by 25 basis points to a weighted average ratio of 7.8%, freeing as much as $70 billion in capital.
  • The European Union diplomats delayed by a week its controversial Russian crude oil price-cap decision to between $65 and $70 a barrel.
  • China expanded strict lockdowns in more areas, covering regions contributing to 20% of economic activities from less than 10%.
  • Tesla recalled 80,000 cars in China to fix seat-belt and software issues, expanding it string of recent recalls in the U.S.
  • TSLA