World News

China’s RRR still relatively high by global standards, can be adjusted further: PBOC official

SHANGHAI/BEIJING (Reuters) – The proportion of money that Chinese banks must set aside as reserves is still relatively high by global standards, and can be adjusted in future to help provide long-term, stable liquidity to the economy, a senior central banker said. China on Wednesday announced it will cut the reserve requirement ratio (RRR) from […]

World News

U.S. oil deals hit five-year high in 2019 on Occidental’s blockbuster Anadarko buy

(Reuters) – The value of U.S. oil and gas mergers and acquisitions reached a five-year peak of $96 billion in 2019 on the back of competing bids for Anadarko Petroleum, energy data provider Enverus said on Thursday. Occidental Petroleum Corp’s <OXY.N> $38 billion acquisition of Permian rival Anadarko countered a pullback in corporate deal-making the […]