China's central bank hikes banks' reserve minimum (AP)

[Mgtrben news]

AP - China has ordered banks to raise the amount of money they hold in reserves for a third time this year in a new effort to dampen inflation pressures in the world's third-largest economy.

Source (http://us.rd.*****.com/dailynews/rss/asia/*http://news.*****.com/s/ap/20100503/ap_on_bi_ge/as_china_banks)