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Chinese Vice-Premier: China future development to be driven by innovation

Livesquawk came out with comments from the Chinese Vice-Premier, citing that China future development is likely to be driven by innovation.

Meanwhile, Wang Zhaoxing, Vice-Chairman of the China Banking Regulatory Commission (CBRC) said late on Tuesday, as cited by Reuters, China’s city commercial banks should direct more of their lending to small businesses in a bid to boost the private sector and address regional economic disparities.

USD/JPY headed to 112.00 amid risk-aversion?

Amid wide-spread risk-aversion and broad-based US dollar weakness, the USD/JPY pair is seen printing session lows of 112.37, as the bears head towards
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Fed’s Evans: "Why hurry to raise rates?" – NY Times

According to an article reported in the New York Times overnight, Chicago Fed president Charles Evans (voting member) seems in no hurry to raise rates
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