Back

Moody's says lower growth targets of Chinese RLGs reveal significant regional disparities - Reuters

Lower growth and revenue targets adopted by China's regional and local governments (RLG) reveal significant regional disparity, rating agency Moody's said on Thursday, according to Reuters. 

Key quotes

Weak economic growth and the planned tax and fee cuts have led Chinese RLGs to lower growth and revenue targets. 

RLGs funding gap persists, particularly in central and western regions with large infrastructure spending needs. 
 

GBP/JPY: Sellers concentrate on Brexit drama ahead of UK retail sales, BOE

The GBP/JPY pair trades near 146.15 while heading into European open on Thursday. The pair dropped heavily during late-Wednesday and carried the weakn
Leia mais Previous

EUR/USD: Yield spreads hit fresh 11-month lows, risk reversals nearly shed EUR bearish bias

EUR/USD jumped to 1.1440 on Wednesday, the highest level since Feb. 4, as Fed's dovish tone pushed the treasury yields down to year lows.  Notably, t
Leia mais Next