World News

China’s ‘pro-active’ fiscal policy to be more effective in 2020: finance ministry

BEIJING (Reuters) – China’s finance ministry said on Friday it will ensure a more effective “pro-active” fiscal policy next year by making good use of local government special bonds and strengthening the effect of tax and fee cuts. “(We) must … pay more attention to structural adjustments,” the ministry said. It said it would also […]

World News

Exclusive: Nissan orders drastic spending cuts to stem profit slide and ‘conserve every yen’ – sources

By Norihiko Shirouzu BEIJING (Reuters) – Japan’s Nissan Motor Co has told its managers to slash non-essential spending as the automaker grapples with slumping car sales and tumbling profits, three company sources with knowledge of the matter told Reuters. The penny-pinching drive is in place for the rest of financial year until end-March and will […]

World News

Russian central bank eyeing ways to curb risks from company debt: official

By Elena Fabrichnaya, Katya Golubkova and Andrey Ostroukh MOSCOW (Reuters) – The Russian central bank is developing new criteria for a maximum debt level for domestic companies to prevent any possible systemic risk at an early stage, Elizaveta Danilova, head of the bank’s financial stability department, told Reuters. The central bank is bolstering financial sector […]

World News

U.S. energy shareholders seek to leave behind a lost decade

By Lewis Krauskopf and Jessica Resnick-Ault NEW YORK (Reuters) – The 2010s was a lost decade for shares of U.S. energy companies overall. Volatile commodity prices amid growing supply, poor financial performance and disfavor from some investor groups all contributed to the energy sector’s transformation from investor darling to investor outcast. Graphic: https://fingfx.thomsonreuters.com/gfx/mkt/13/318/318/Pasted%20Image.jpg U.S. crude […]