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PBOC Official: Debt to equity swaps cannot fundamentally corporate resolve debt problems

Head of Research at the PBOC made some comments on the country’s debt problems, via Reuters.

Debt to equity swaps cannot fundamentally corporate resolve debt problems.

Mixed ownership reforms at State firms have not improved corporate governance.

China needs to improve local Govt finances to help tackle local Govt debt problems.

China could face risks of a big crisis if economic reform is too slow.

EUR/USD: 1.1800 – a tough nut to crack? Eyes on US tax vote

The EUR/USD pair traded weaker below 1.18 handle in the Asian trades, as the US dollar remained broadly supported ahead of the key vote on the US tax
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UK politics to remain main driver of GBP ahead of EU Summit - Nomura

Nomura FX Strategy Research Team offers its outlook on the GBP ahead of the important EU summit on 14-15 December. Key Quotes: "Our main scenario re
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