BEIJING (Reuters) - Chinas foreign exchange reserves jumped $57.3 billion in February to $1.6471 trillion, almost matching Januarys surprising leap of $61.6 billion, two sources familiar with the data told Reuters on Friday.
Saturday, March 22, 2008
Surprise! Dow scores a win after Bears fall
But markets experience big gyrations after Sundays fire sale of Bear Stearns to JPMorgan Chase. Gold closes above $1,000 for the first time. After offering aid to banks over the weekend, the Fed is expected to cut key rates on Tuesday.
Making sense of this bizarre market
Any hint of trouble these days sends Wall Street into a new round of panic selling and a rush to pile up the cash that might be needed to stave off lenders.
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