Investing

China Cuts Ag Bank's Reserve Ratio To Combat Slow Growth

The reserve requirement for 379 branches of state-run Agricultural Bank of China Ltd., the country's third-biggest lender, will decline by two percentage points below that of other Chinese banks.

Bahrain's Arcapita Files For U.S. Bankruptcy Protection

Bahrain investment house Arcapita has filed for bankruptcy protection in the United States after it was unable to reach a $1.1 billion debt repayment with creditors, it said on Monday.

QR Energy to Buy Oil Assets For $230 MIllion

Oil and gas producer QR Energy LP said it will buy oil properties in Ark-La-Tex area andMichigan from an undisclosed private seller for $230 million in cash.