The Traderszone Network

Headlines on Bloomberg
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– sales tax hike should be postponed to 2019
– BOJ needs to change Japan’s deflationary mindset

China-based Okay Airlines has put in an order for up to 20 Boeing planes in a deal valued at $1.3 billion at list prices.

Forex news for Asia trading Wednesday 17 February 2016     
The People’s Bank of China set the mid-point for USD/CNY more than a big higher than yesterday’s setting, reigniting talk of further devaluations.

Apollo Global Management LLC is using fancy footwork to get one of the biggest leveraged buyouts in years through an increasingly jittery debt market.
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A long piece via  on Goldman Sachs FX forecasts on euro and yen
eFX
 We continue to believe that EUR/USD and EUR/GBP will move substantially lower on diverging growth and monetary policy outlooks. The EUR has already weakened significantly over the last 18 months, but we think this trend has a long way to run. In particular, we see a couple of longer-term fundamental forces at work. First, the flow picture should turn increasingly EUR-negative as Euro area residents send funds abroad and reserve managers allocate away from the EUR.

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Asian markets were mixed Wednesday, with investors cautious about an agreement among major oil-producing nations.
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Berkshire Hathaway on Tuesday disclosed a new investment in Kinder Morgan, boosting its bet on oil as crude prices hover near 12-year lows.