China Rolls Out Consumption-Boosting Measures
China will increase imports, make it easier for overseas shoppers to get tax refunds and allow foreigners to visit more of the country for 72 hours without visas, the central government said on Monday.
China will increase imports, make it easier for overseas shoppers to get tax refunds and allow foreigners to visit more of the country for 72 hours without visas, the central government said on Monday.
Universal Parks & Resorts, a division of NBC Universal which owns Universal Studios Hollywood, expects to open North China’s first international theme park in Beijing by 2020.
One of the many factors used to decide whether a central bank should or should not raise interest rates is inflation, of which energy is a main contributor, and given the extended bearish trend for oil prices at present this aspect of the decision making process is likely to remain sharply in focus.
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China’s consumer inflation came in weaker than expected in October while prices at factory gates fell for a 44th straight month, fuelling calls for more monetary easing and fiscal stimulus to combat deflationary pressures.
Many of the world’s greatest investors have been willing to buy at a time when the majority of the market was turning away from a particular sector.
With the Nikkei having fallen over 2% at the start of a new trading week and month, European and London traders could be forgiven for thinking their respective markets and Globex would simply follow suit.
The traditional and seasonal Santa Claus rally appears to have come rather early this year, with October’s rally for the NQ Emini (QQQ, quote) recording a sensational month of gains following the equally dramatic events towards the end of August which saw the index correct sharply, before strong stopping volume duly appeared to prevent the market falling further.
Brian Cornell, chief executive officer at Target (TGT, quote), discusses the demographic shift of the brand’s customers and the need for their digital strategy to compliment the in-store experience.
The People’s Bank of China (PBOC), the central bank, decided on Friday to cut the reserve requirement ratio (RRR) of banks, and benchmark interest rates.