Citigroup and Sumitomo Mitsui on the transfer of Nikko Cordial reached the basic agreement
Xinhua in Tokyo, on April 28th (Xinhua Ye Jia) According to web site latest news of “Japanese Economic News”, Citigroup of the United States on 28th on its assets in Japan – the transfer of Nikko Securities, with Sumitomo Mitsui Financial Group reached a basic agreement, The two sides will be the fastest to hold a press conference this week to announce the relevant information. It is reported that under the agreement, Sumitomo Mitsui will acquire the assets of Citigroup in Japan – majority of business of Nikko Securities and Nikko Citigroup Securities, which purchase price more than 500 billion yen (about 96 yen for 1 U.S. dollars).
The EU and Canada started negotiations on free trade
Xinhua in Brussels, on April 28th (Xinhua Shangjun) Luxembourg News: Minister for Foreign Affairs of EU member states have recently decided to authorize the European Commission with Canada on Free Trade Agreement to carry out a negotiation. According to the monthly regular meeting held in Luxembourg on 27th by EU foreign ministers to make the decision, the new bilateral free trade agreement will exceed the existing market opening commitment under the framework of the World Trade Organization, to further strengthen the European Union economic and trade ties with Canada.
At present, the ideal interest rate of the United States Federal Reserve is negative 5%
Xinhua in London on April 28th (Xinhua Wang Jianhua) British “Financial Times” reported that on 27th, according to a most recent internal analysis report prepared by U.S. Federal Reserve Board for monetary policy meeting, with the current situation in the U.S. economy , the ideal rate is -5%. Report said that the analysis is based on the so-called “Taylor rule”, while based on the unemployment rate and inflation rate to estimate the appropriate interest rate.
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