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Old 04-04-2017, 05:34 PM
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CRUDE HOLDS REVENUES IN ASIA AHEAD OF API ESTIMATES
08:34 04.04.2017

On Tuesday, crude prices held early revenues in Asia with figures on American inventories later in the day supposed to set the market tone in thin regional trade with financial markets in Hong Kong, China India and Taiwan closed for holidays.
In New York, May delivery crude futures ascended 0.08%, being worth $50.328 a barrel. In London, Brent futures soared 0.06%, reaching $53.15 a barrel.
Late on Tuesday, the American Petroleum Institute will issue its estimates of crude stocks at the end of the previous week. The figures are going to be followed on Wednesday by official data from the US Energy Information Administration. Experts expect crude inventories to sag by 530,000 barrels at the end of the previous week, with distillates down by approximately 1.12 million barrels as well as gasoline supplies demonstrating a 1.462 million barrels dip.
Overnight, oil settled lower, as traders fret over surging American shale output while a rebound in Libyan crude output weighed on market sentiment.




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Old 04-05-2017, 07:46 PM
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BRITISH POUND REACHES DAY’S PEAKS

On Wednesday, the British pound gained to the day’s peaks after survey data, which revealed that surge in the dominant British service sector picked up to a three month peak in March.
The currency pair GBP/USD inched up 0.27%, hitting 1.2473.
Financial data company Markit informed that the previous month its services purchasing managers' index inched up to 55.0, which is the highest value since February’s 53.3.
Financial experts had hoped for a reading of 53.5.
The report disclosed that businesses increased prices at the fastest pace for 8.5 years, thus indicating that inflation might go up above the 3% rate forecast by many experts this year.
Aside from that, the report also stressed that the rate of job creation in the sector leapt at the slowest pace for seven months.
The British pound managed to grow against the common currency, reacting to the data, with EUR/GBP slumping 0.27% at 0.8554 from about 0.8583 earlier.

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Old 04-06-2017, 04:52 PM
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FORD WILL LAUNCH PLUG-IN CARS IN CHINA IN 2018



Ford Motor Co announced its intention to launch a plug-in hybrid car in China next year as well as a fully electric sport-utility car in the next five years, as the high tech giant works toward electrifying most of its lineup in the world's number one car market by 2025.
It comes at a time when Beijing is urging car makers to sell more electric cars, setting strict fuel economy goals and subsidizing new energy vehicle models, thus trying to reduce air pollution and promote technological innovation.
The time is appropriate for Ford to expand the car maker’s electric vehicle lineup as well as investments in China, as Ford Chief Executive Mark Fields told on Thursday.
The American automaker, which produces vehicles in China through a joint venture with a Chinese company Chongqing Changan Automobile Co, told it actually plans for 70% of Ford brand cars sold in China to be conventional hybrids, full battery electric cars or plug-in hybrids by 2025.
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Old 04-07-2017, 06:16 PM
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GERMANY'S SCHAEUBLE EXPECTS IMF TO STICK WITH GREECE PROGRAM

German Finance Minister Wolfgang Schaeuble actually expects the IMF to remain on board with Greece's bailout program. That’s what told a German newspaper in an interview released on Friday.
Talks between the European Union, Greece and the International Monetary, which has yet to decide whether it’s going to participate in Greece's current bailout, have been being lasting for months, driving fears of a new financial downtime in the euro zone.
Wolfgang Schaeuble stressed that he expect that the International Monetary Fund is going to stay on board. He added that the sum with which the IMF participates isn’t so relevant, as the main thing is that it takes part.
He also told that he expects that in the future Greece won’t require a further rescue program and also from 2018, just as planned, will access capital markets.
By the way, on September 24 Germany votes in a national election, with chancellor Angela Merkel expecting to grasp a fourth term.

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Old 04-10-2017, 08:09 PM
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BOJ IS TOO OPTIMISTIC ABOUT REGIONAL JAPAN
08:38 10.04.2017

Japan’s major financial institution has just offered its most optimistic view on regional Japanese economies in almost a decade, even as some companies warned that uncertainty over American President Donald Trump's trade policies could impact their capital expenditure plans.
BOJ Governor Haruhiko Kuroda repeated that the country’s major bank is on the verge of maintaining its huge monetary stimulus, with inflation still distant from its ambitious 2% objective.
Japan's economy keeps reviving modestly as a trend. As for the outlook, it’s supposed to turn to a modest. That’s what Kuroda stressed on Monday, at a quarterly gathering of the major bank's regional branch managers.
In a report published after the gathering, compared with three months ago, the BOJ maintained rather a rosy economic assessment for eight of Japan's nine regions, but revised up the assessment only for one area.
Many Japanese manufacturers were deriving benefits from strong overseas demand for electronic parts as well as semiconductor-making equipment, as the report told. That’s a sign Japan's economic revival keeps relying mostly on exports

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Old 04-11-2017, 06:16 PM
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BOJ HAS ENOUGH OPTIONS TO EXIT QE POLICY

On Tuesday, BOJ Governor told that some of the options Japan’s major financial institution has when it comes to unwinding its quantitative easing program include increasing interest rates on the excessive reserves lenders hold with the bank.
Speaking in the upper house of parliament, Haruhiko Kuroda told it was too early to tell specifically what the Bank of Japan would do with the government debt on its balance sheet when it has to cease its ultra-easy policy.
However, he added that the Bank of Japan would be able to manage its exit smoothly enough, including cutting the size of its holdings of recently purchased bonds to drive economic growth.
Financial experts tell that his comments mark a definite shift in his public communications.
Other steps, which could help to wind down policy stimulus suggest soaking up liquidity via major bank market operations and also letting bonds on its balance sheet expire.

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Old 04-12-2017, 05:24 PM
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BEIJING URGES PROPERTY WEBSITES TO CEASE TOUTING INVESTMENT REVENUES
06:41 12.04.2017


Beijing has already ordered 15 online real estate portals in order to remove misleading information, false ads as well as tips on feng shui by Wednesday. That’s a part of the government campaign aimed at cooling a red-hot housing market.
Ads on the websites should stay away from promising surging returns on Beijing real estate investment, as the official Xinhua news agency informed, as the Chinese capital feuds with leaping home prices as well as property speculators.
While flats in Beijing on average turn to be more affordable than homes in London or Tokyo, authorities are afraid that ascending prices are backing household debt, increasing banks' credit risks and also fanning grassroots resentment because home affordability declines.
The targeted websites, including popular real estate portals “I love my home ” and “Lianjia,” shouldn’t offer to help prospective purchasers to handle matters closely connected with school enrollment or local so-called "hukou" residence permits.

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Old 04-14-2017, 05:20 PM
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BOJ WILL OFFER BRIGHTER VIEW OF ECONOMY
09:16 14.04.2017

At its next rate review the Bank of Japan is supposed to offer a more positive view of the Japanese economy than it did the previous month, as sources familiar with the matter told, as strong exports along with factory output back revival in the world's number three economy.
However, the major bank will stress its resolve for the purpose of maintaining its massive monetary stimulus because the export-driven revival has yet to spur private consumption as well as inflation.
Some sources state that the Japanese economy is doing well enough, but it doesn’t generate higher prices, so inflation is still awfully low.
The previous month, the Bank of Japan told that Japan's economy is reviving modestly as a trend.
Japan’s major financial institution will probably offer a more optimistic view on exports as well as output than in March, when it told that they were picking up.
The BOJ is supposed to keep monetary settings intact at its two-day rate review, ending on April 27.

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Old 04-17-2017, 06:44 PM
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STEEL AND STIMULUS POWER CHINA'S STRONGEST ECONOMIC SURGE SINCE 2015
09:02 17.04.2017

During the first quarter China's economy expanded faster than expected as higher government infrastructure spending as well as a gravity-defying property boom helped to spur industrial output by the most for over two years.
Surge of 6.9% turned to be the fastest in six quarters, with positive retail sales and exports and forecast-beating March investment - all suggesting that the Chinese economy is capable of carrying solid momentum into spring.
However, most experts tell that the first quarter might be as good as it gets for China in 2017, and they worry that Beijing is still mostly relying on stimulus as well as “old economy" surge drivers, mostly the steel industry and a property market, demonstrating signs of overheating.
The Chinese government is used to relying on infrastructure development for the purpose of sustaining growth in the long term. That’s what financial experts at ANZ told in a note.

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Old 04-18-2017, 06:08 PM
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AMERICAN BUSINESS GROUP ASKS WASHINGTON TO 'UTILIZE EVERY ARROW' AGAINST CHINA
08:12 18.04.2017

America needs to utilize every arrow in its quiver for the purpose of ensuring a level commercial playing field in China. That’s what an American business lobby told on Tuesday. They also warned that 2017 might appear to be the toughest year in decades for US companies in the country.
China's policies specially designed to back domestic companies and also create national champions have already narrowed the space for foreign businesses, as the American Chamber of Commerce in China told in its annual business climate report.
Meanwhile, the White House has told that American as well as Chinese officials are fleshing out a promise by leaders Xi Jinping and Donald Trump for a 100-day plan to drop the American trade deficit with China that hit $347 billion the previous year.
However, the chamber told it hoped market access for American companies China would be paid more attention.

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