by the parentd .ompany, basic -- baic the company seeks 3 billion yuan in financing to get that electric car. soon.etails on that any minute now, we are also getting other new set of china. we are hoping to get the latest caps on on the economic health and we know that the weaker yuan has not been helping china's export competitiveness. at least, not yet. it has dropped the most in nearly a year. stephen engle has more on that. reporter: i'm looking at the bloomberg terminal. the numbers are expected to cross anytime out of beijing. statistics bureau should drop them. exports last month fell the most in nearly a year. there definitely are seasonal distortions because of the lunar new year holiday, as there always are. might be the worst in the median forecast. the median estimate, from 30 economist is for exports in february, falling 14 and a half percent -- 14.5%. we get a second figure for the yuan terms. some of those numbers are a little bit skewed. three out of the four top ring economist -- top ranked economists expect the figures to be even worse. drop of thes the 20%. goldman sac

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next event is the european central baic central bank meeting. on march 10th. rising expectations that they'll cut rates deeper as recent economic data specifically on the inflation front has priced to the down side. economics are now estimating a deposit rate cut and increase to the monthly bond purchases. this policy meeting also comes at a time of intense krutny of the european banking sector to analysts will be looking for commentary on the impact of negative rates on banking profitability. also keep an eye on the euro. it has been gaining momentum. obviously the exact opposite of what draghi wants given that the euro zone nation is so dependent on exports. >> thanks. we'll be watching all of that. thanks to you staying overseas and stunning news out of brazil where the former president is being investigated in the corruption case surrounding the oil giant petrobras. michelle is on the base for us. this is a big story. huge. >> he was detained this morning with massive police raids at his offices and also at his homes. all in connection with the enormous br

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