Event:
China's central bank takes action to reassure investors that it is attempting to address the nation's economic downturn, reducing interest rates and the amount of reserve funds required to be held by banks
More Notable Events on August 25:
1990 U.N. security council authorizes military action against Iraq
1952 Puerto Rico becomes a U.S. commonwealth
1944 Paris liberated from Nazi occupation, Freedom Tuesday
1814 British forces destroy Library of Congress, containing 3,000 books
1609 Galileo demonstrates his 1st telescope to Venetian lawmakers
