资源描述：
《金融英语课件2》由会员上传分享，免费在线阅读，更多相关内容在行业资料-天天文库。
1、BreakingnewsChina cutsrates,lowersreserveratioChina'scentralbankMondaycutthecostofbankloans,thefirsttimesince2002,andloweredtheproportionofmoneylendersmusthaveasreserves,thefirstsuchmoveinnineyears,tokeeptheeconomyfromslidingfurther.Thebenchmarklendingratewillbeloweredby0.27percentagepointt
2、o7.20percentfromTuesday.China cutsrates, lowersreserveratioHowever,benchmarkdepositratesremainunchangedwiththeone-yearratetobekeptat4.14percent,aproofthatthecentralbankersarekeepinganeyeoninflation.China cutsrates,lowersreserveratioThe1percentagepointcutfromthereserverequirementratioof17.5p
3、ercentdoesnotapplytothefivebiggestbanks(theIndustrialandCommercialBankofChina,theAgriculturalBankofChina,theBankofChina,theChinaConstructionBank,theBankofCommunications)andthePostalSavingsBank,thePeople'sBankofChina(PBOC)saidonitswebsite.StockssinkamidWallStcrisisUSstockssufferedtheirbigges
4、tone-daydeclineonMondaysincethemarketreopenedaftertheterroristattacksofSeptember11,2001,asinvestorssoughtthesafetyofcashandgovernmentdebtfollowingthehistoriccollapseofLehmanBrothersandtheemergencysaleofMerrillLynchtoBankofAmerica.StockssinkamidWallStcrisisTheunprecedentedchangesonWallStreet
5、-whichwasalsogrippedbyrisingfearsaboutthehealthofAIG,thegiantinsurer-leftinvestorsmoreconcernedwithpreservingtheircapitalthaningeneratingreturns.Yieldsonshort-datedgovernmentdebtcollapsed,fallingfarbelow1percent,amidfrenziedbuyingStockssinkamidWallStcrisisTheFederalReservebattledaferociouss
6、tormintheovernightmoneymarket,wherethefederalfundsratebrieflyhit6percent-threetimesthetargetrateof2percent-asfinancialinstitutionsscrambledtoraisecash.TheFedinjectedatotalof$70bninliquidity,beforethefedfundsratefinallyfellbacklater.AgendatodayStock(commonv.spreferred)DerivativesFinancialins
7、trumentsininternationalmarketsStockAshare(alsoreferredtoasequityshares)ofstockrepresentsashareofownershipinacorporationCategoryofstockCommonPreferred/preferentialPreferredstockAhybridFeaturesPrioritytoassetsandearningsParvalueCumulativedividendsconvertib
