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On Friday, China's state planner released draft guidelines for the country’s companies investing overseas. The guidelines streamlined approval processes for deals, simultaneously increasing oversight for projects in sensitive countries and sectors, as the government told.
After years of rapid surge, the Asian country’s outbound investment has gone down so far this year because authorities crack down on so-called "irrational" overseas deals actually suspected of being employed to bypass capital controls and also move money offshore, thus putting pressure on the Yuan.
The draft regulations, issued just to solicit feedback until December 3, are expected to drastically improve oversight, enhance national security and step up support, as follows from the website of the National Development and Reform Commission.
A bunch of administrative hurdles, including a rule urging Chinese companies pumping more than $300 million overseas to get approval from the state planner would be removed or at least reduced under the new regulations.
French quarterly surge is expected to strengthen in the first half of 2019 because consumer spending derives benefits from improving household incomes as well as reviving business confidence after protests at the end of 2018…
In January, new orders for American goods shot up less than anticipated, tamed by dives in orders for computers as well as electronic products, which is another sign of decelerating manufacturing activity…
The Federal open market committee (FOMC) will make its monetary policy statement and announce the interest rate on March 20, 20:00 MT time.
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
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