Archive - Feb 4, 2015 - Story

Moments ago the number of central banks who have eased so far in 2015, most of them unexpeted, rose by one more from 15 to 16, when in addition to Singapore, Europe, Switzerland, Denmark, Canada, India, Turkey, Egypt, Romania, Peru, Albania, Uzbekistan and Pakistan, Russia and, most recently, Australia it was China's turn to do what so many banks had said was inevitable, even if meant backtracking on all its blustery talk about limiting bad debt expansion, and cut its reserve requirement ratio for bank by 0.5% effective Thursday, to boost liquidity and support the economy.

Earlier this evening, shortly after take-off from the Taiwanese capital of Taipei, a commercial aircraft with 58 people on board clipped a bridge and crashed into a river. As AP reports, the death count is either 2 (aviation authority) or 3 (Central News Agency) which is simply stunning considering the following unbelievable clip...