The PBOC has injected a net of 1.035 trillion yuan via reverse repos so far this week, an all time high. This week’s injection so far of over CNY 1 trillion suggests that there may be something more to the banks’ liquidity needs than simple calendar action. Source: ZeroHedge
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Ukraine’s state security service (SBU) raided the Kiev offices of Dragon Capital, one of the country’s largest investment banks, over the alleged use of illegal software at its premises, the bank’s spokeswoman said on Wednesday. Source Reuters
Greece’s economy will only grow by up to 1.5 percent this year, the leading IOBE think tank said on Wednesday as it trimmed its forecast due to slow progress on the country’s bailout review. Source Ethatimerini
Germany is getting signals from the United States that the Donald Trump administration will not impose a border adjustment tax on imports, Economy Minister Brigitte Zypries said on Wednesday. “We have received signals from the United States that there will not be a border adjustment tax,” Zypries said. Source Reuters