reserves

Military Discounts: Save Money While Serving America

Everywhere you turn, it seems like companies are offering military discounts. Some of these deals are outstanding while others are scams, but the best deal may be one offered by the military itself. Here's a brief guide to the savings opportunities offered to service members and their families.

China Raises Reserve Requirements to Fight Inflation

China increased reserve requirements at banks in a bid to control inflation and head off a potential credit bubble. State-owned banks must set aside an extra 0.5% of deposits as reserves, starting Nov. 29. That means some lenders could be setting aside as much as 19% of deposits, The Associated Press said.