China Central Bank Head Says Opposes Competitive Currency Depreciation
|
China Premier Says Govt Will Cut Taxes, Streamline Administration, Keep Yuan Stable
Top Headlines
China Premier Says Govt Will Cut Taxes, Streamline Administration, Keep Yuan Stable – Reuters
Chinese Premier Li Keqiang said on Thursday that the government would move to ease tax and paperwork burdens on companies, but added that the country is inexperienced in implementing such reforms and there would be challenges.
What Brussels Attacks Mean for Markets
Top Headlines
What Brussels Attacks Mean for Markets – Yahoo Finance
The attacks in the Belgian capital on Tuesday are unlikely to have a long-term impact on markets, but they could result in new roadblocks to cross-border commerce and lend momentum to Euro sceptics, analysts told CNBC. European stocks were under pressure but had come off their lows following deadly attacks at Brussels main airport and on the city’s metro system. U.S. equities were mixed by late morning.
Two Fed Officials Point to Possibility of April Rate Hike
Top Headlines
Two Fed Officials Point to Possibility of April Rate Hike – Bloomberg
Two Federal Reserve officials said interest-rate increases may be warranted as soon as the central bank’s meeting next month, citing solid readings on the U.S. economy despite headwinds from abroad.
China’s Central Bank Chief Sounds Warning Over Rising Debt
Top Headlines
China’s Central Bank Chief Sounds Warning Over Rising Debt – Bloomberg
People’s Bank of China Governor Zhou Xiaochuan sounded a warning over rising debt levels, saying corporate lending as a ratio to gross domestic product had become too high and the country must develop more robust capital markets.
Asia Stocks, Oil Jump as Dollar Sags After Fed
Top Headlines
Asia Stocks, Oil Jump as Dollar Sags After Fed – Reuters
Asian shares edged higher on Friday, oil touched a 2016 high and the U.S. dollar weakened as investors turned more positive on riskier assets after the Federal Reserve’s cautious stance on further interest rate increases.
Fed Holds Steady, Eyes Two Rate Hikes This Year
Top Headlines
Fed Holds Steady, Eyes Two Rate Hikes This Year – Reuters
The Federal Reserve held interest rates steady on Wednesday and indicated that moderate US economic growth and “strong job gains” would allow it to tighten policy this year, with fresh projections showing policymakers expected two quarter-point hikes by the year’s end, half the number seen in December.
Britain’s Fraud Office Drops Forex Market Investigation
Top Headlines
Britain’s Fraud Office Drops Forex Market Investigation – Reuters
Britain’s fraud watchdog has ended an investigation into possible foreign exchange market rigging, saying it did not have enough evidence to secure convictions, in a further setback to its efforts to prosecute wrongdoers in financial markets.
Fed to Sit Tight on Rates at March Meet, Hint at Hikes to Come
Top Headlines
Fed to Sit Tight on Rates at March Meet, Hint at Hikes to Come – Reuters
The Federal Reserve won’t raise interest rates this week, but will likely make clear that as long as U.S. inflation and jobs continue to strengthen, economic weakness overseas won’t stop rates from rising fairly soon.
China Burns Hedge Funds as $562 Million Yuan Bet Turns Worthless
Top Headlines
China Burns Hedge Funds as $562 Million Yuan Bet Turns Worthless – Bloomberg
The battle over the fate of China’s currency is starting to get bloody for the bears.