The Latest: China raises key policy rate after Fed`s hike
(WorldNews Business)

WASHINGTON (AP) -- The Latest on the Federal Reserve's monetary policy meeting (all times local): 11:15 a.m. The People's Bank of China says it is responding to market forces by raising the rate charged by its one-year lending facility by 0.05 percentage points to 3.25 percent. Rates paid on bank reserves rose Thursday by a similar margin. There was no change in the rates for borrowing by companies and the public and for deposits. Beijing has tightened controls on the movement of money out of China to stop an outflow of capital, which could be worsened if higher U.S. rates attract investors with the possibility of higher returns. Hong Kong, whose currency is linked to the U.S....