China to Expand Private Pension Program Nationwide Amid Aging Population
In September, the National People's Congress, China's top legislative body, approved a proposal to gradually raise statutory retirement ages, starting in January. China has one of the lowest ...
ECB Discussion of Possible 50Bps Rate Cut Could Be Key for Euro
The euro rose against the dollar ahead of the ECB’s decision, when a 25-basis point cut is widely expected, and Pepperstone said any discussion among policymakers of a larger 50-basis point cut either ...
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Stock indices up, yuan strengthens against ruble as trading on Moscow Exchange opens
The Moscow Exchange suspended trading in dollars and euros on June 13 due to US sanctions imposed on it and the National Clearing Center. To determine the dollar and euro to ruble exchange rates, the ...
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Government trade-in policy this year energizes consumer spending
Last March, China’s State Council, or Cabinet, announced it was allocating 300 billion yuan in special government bonds to ...