China Finance Ministry: confirms cut to car import duty to 15%, effective 1 July

According to the latest headline flashing on the wires, China's Finance Ministry confirmed to cut import duty on car to 15% and tariffs for some auto parts to 6% effective from 1st July.

The official confirmation comes amid easing US-China trade tensions and might be seen as a positive development towards avoiding a full-blown trade war between the world's two largest economies.

May 22, 2018

EUR/NOK poised for a bounce near term – Danske Bank

The Norwegian Krone could face some selling pressure in the very near term, noted Aila Mihr, Analyst at Danske Bank. Key Quotes “While domestic data

BoE's Vlieghe: Interest rates will go up very gradually over the next few years

The BoE's external MPC Member Gertjan Vlieghe, at his testimony before the Treasury Committee, in London, was noted saying that Brexit uncertainty is