China to increase competition in financial sector

Note: This section contains information in English only.
Source: BBC
China is set to boost investments as well as competition in banking and financial sector. The country increased the amount that foreign money managers are allowed to invest in China's economy to 80 billion US Dollars. The monopoly of the state-banks has to be broken, said Wen Jiabao, China's PM. The move is also likely to stimulate growth and internationalize the Yuan.

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Wed, 04 Apr 2012 09:13:00 GMT

Final data: Euro Zone's composite PMI contracted to 49.6 in Q1

The primary reading of the Euro Zone's composite PMI indicated further contraction of the economic activity in the region. However, the final estimate of the PMI was above the preliminary reading of 48.7. The final PMI in the Euro Zone attained 49.6 in Q1, signaling on the mild contraction as compared to the preceding quarter reading of 47.2.

Wed, 04 Apr 2012 08:33:01 GMT

US Dollar climbs against the Euro on Fed announcement

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