Happy Tuesday, dear traders! Every day brings new opportunities to trade! Let’s see what you need to know: Today’s events 07…
China might publish rules on outbound investment in 2017
This year China might issue rules on outbound investment by Chinese companies, which would spell out the sectors, where investing is encouraged and those where it’s restricted, as state media informed on Tuesday.
Recently, Chinese regulators have clamped down on outbound deals as part of efforts aimed at stemming surging capital outflows, which have contributed to China’s weakening currency.
Chinese Commerce Minister Zhong Shan disclosed that a small number of Chinese firms had invested overseas irrationally and blindly in investments China never encourages.
The state foreign exchange regulator has told that the government will more closely assess irrational investment in entertainment, property, sports as well as other sectors.
Efforts to contain outbound investment happen to be having a considerable effect. Apparently, non-financial outbound investment edged down 52.8% in January-February from the same period the previous year.
The ECB is expected to raise the interest rate to 1.5% and oil is falling
Good morning, our dear traders! Are you ready for the news that is worth following for trading today? Let’s see! Today’s events: 14:00 GMT+2, EUR, ECB President Lagarde Speaks 16:30 GMT+2 CHF, Gov Board Member Maechler Speaks Bitcoin’s…
It’s Wednesday, my fellow traders! The day is filled with news and events you need to know, and here’re some of them.