Tuesday, April 20, 2010


·         China - China FX decision could come this week - The U.S. Commerce Department could decide this week whether to launch a groundbreaking investigation into charges China is subsidizing exports of an aluminum product by undervaluing its currency; while Treasury recently delayed a report into whether China was a currency manipulator, this Commerce Dept probe could bring the issue front-and-center again (Reuters)
·         China Tightens Rules on Uncompleted Homes Sales. China ordered developers not to take deposits for sales of uncompleted apartments without proper approval and barred them from charging "abnormally high" prices, stepping up efforts to prevent a property bubble. Bloomberg
·         China - Chinese agriculture stocks rallied in Shanghai trading after the State Council pledged to boost subsidies to the industry. Bloomberg
·         China & Yuan - Yuan forwards strengthened, halting a two-day drop on speculation the Group of 20 nations will call on China to allow its currency to strengthen at a meeting this week in Washington. Bloomberg

No comments:

Post a Comment