Reagan was a big believer in free markets; we had a law that actually passed, it's called the Depository Institution's Deregulation and Monetary Control Act of 1980--that's actually before Reagan.
"The civil penalty action against China Aviation Oil Holding Company is a signal to the market that we expect all entities undertaking transactions in this jurisdiction to fully comply with Singapore law, " said monetary authority deputy managing director Shane Tregillis.
As China's households grow richer, meat, poultry and milk are claiming a bigger share of their budgets, according to Wenlang Zhang and Daniel Law of the Hong Kong Monetary Authority.
He withdrew his threat this week after provincial governors from his Peronist party once again promised to support the repeal of the law, and the fiscal and monetary measures requested by the Fund.