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China has agreed to give Switzerland an 8-billion-U.S.-dollar investment quota under its Qualified Foreign Institutional Investor (QFII) program.


The agreement is part of a memorandum of understanding signed by the central banks of the two countries here on Wednesday, which also includes a plan -- pending regulators' approval -- to set up the first branch of a Chinese bank in the Swiss financial hub of Zurich for future RMB clearance.


The deal is set to materialize Beijing and Bern's pledge for closer financial ties and accelerate the establishment of a Zurich offshore RMB market, which will mark a crucial step in the internationalization of the RMB Wholesale Trey Burke Jersey , especially in Europe.


The signing came after visiting Chinese Premier Li Keqiang met in this ski resort with President Simonetta Sommaruga of the Swiss Confederation on the sidelines of the 2015 annual meeting of the World Economic Forum (WEF).


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In Bloomberg: Stocks rise and fall and for the European markets the trend is just the same.

DaimlerChrysler AG, world?s second-biggest maker of luxury cars said that January was a good month for them since their US auto sales increased by 3.2% led by gains at its Mercedes-Benz luxury unit. The automaker was able to sell 173,377 cars and trucks. Sales of Mercedes-Benz increased by 37% while the Chrysler unit gain 0.5% increase in its shares. There is an added 58 cents or 1.2% to 48.24 euros.

Fiat SpA Wholesale Ian Mahinmi Jersey , the January sales of the Italy?s largest carmaker rose by 5.6%. The company increased its share of the Italian market to 31.4% from 30.7% a year earlier. The stock gained 34.4 cents or 2.1% to 17 euros considered to be the highest increased since December 2001.

LVMH Moet Loius Vuitton SA, owner of luxury brands that includes Loius Vuitton luggage and now the proud owner of Ford Motor Co.?s Aston Martin sports car unit, said that their shares gained 25 cents or 0.3% to 81.15 euros.

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