Britain open for business says fin min Hammond

UK fin min Hammond speaking in Brussels ahead of ECOFIN meeting 23 Jan uncertainty in UK because of Brexit keen to build on momentum from Dec talks Earlier Eamonn posted on more reports of a soft-Brexit outcome with the UK adopting a Norway-like deal with the EU. GBPUSD currently back down to 1.3965 after taking […]

RDIF head Dmitriev sees Russia-OPEC deal lasting for years

Russian Direct Investment Fund head Kirill Dmitriev speaking in Davos The deal helped oil producers to generate $600 bn extra revenues in the past year The deal has helped to unlock political and investment dialogue between Moscow and Riyadh Some early comments from Davos, not an official comment that the deal will carry on for […]

BOJ’s Kuroda: No need to change 2% price target

More from BOJ governor Kuroda — 23 January 2018 Will firmly continue monetary easing in order to achieve 2% price target as early as possible No need to change joint statement between government and BOJ Even with improvements in the economy and wages/income, prices are far from 2% target No need to adjust yield curve […]

South Korea looks for WTO support over US tariffs — Reuters

South Korea would complain to the World Trade Organisation over US president Trump’s decision to impose tariffs on imported solar panels and washing machinesThe announcement from the US can be found here earlier.South Korea’s trade minister says that the «latest safeguard measures are in violation to WTO rules». He adds that «the government will actively […]

More on the China tax cuts story earlier — via Xinhua

Xinhua news agency — state media — released a report earlier saying China is eyeing for more tax cutsThe earlier headline was here.Xinhua elaborates further by saying that governments at all levels may maintain and expand tax cuts this year in order to support the real economy. The report cites an economist from the State […]