Asia Reacts To Oil.
It’s not a reply to the weekend surge in oil prices, but China’s latest directive telling lenders to set aside more money to cut bank lending is probably the most effective move it can make, seeing it seems to be baulking at freeing up all commodity prices and won’t lift interest rates. It was the fifth time this year that the country’s Central Government chose to try and choke off still strong levels of bank lending by cutting the amount that capital-rich banks can lend. The reserve asset ra
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