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China says it will 'significantly increase' debt to revive economic growth

UPDATE 3-China says it will 'significantly increase' debt to revive economic growth China finance ministry says will ramp up debt issuance Beijing will support indebted local governments Will offer subsidies to low-income people, recapitalise banks Pledges measures to stabilise property markets Size of fiscal stimulus unclear, expected to unnerve markets Adds investor comments in paragraphs 9-10, analyst in paragraphs 23-24 By Kevin Yao and Joe Cash BEIJING, Oct 12 (Reuters) - China said on Satu

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China car sales snap five-month decline on subsidy boost

UPDATE 1-China car sales snap five-month decline on subsidy boost Adds background, details in paragraphs 4-21, graphics BEIJING, Oct 12 (Reuters) - China's passenger vehicle sales rose 4.3% in September from a year earlier, snapping five months of decline with a boost from a government subsidy to encourage trade-ins as part of broader stimulus package.
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US court puts on hold permits for Kinder Morgan unit to build Tennessee pipeline

UPDATE 1-US court puts on hold permits for Kinder Morgan unit to build Tennessee pipeline Adds Appalachian Voices' quote in paragraph 8-9 Oct 11 (Reuters) - A U.S. appeals court on Friday put on hold approvals and permits necessary to allow a Kinder Morgan KMI.N subsidiary to construct a 32-mile gas pipeline in Tennessee, at the urging of environmental groups.

China car sales rise, snapping five-month decline on subsidy boost

China car sales rise, snapping five-month decline on subsidy boost BEIJING, Oct 12 (Reuters) - China's passenger vehicle sales rose 4.3% in September from a year earlier, snapping five months of decline with a boost from a government subsidy to encourage trade-ins as part of broader stimulus package. Sales hit 2.13 million vehicles in September, up from 2.04 million a year earlier.
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China says it will 'significantly increase' debt to revive economic growth

UPDATE 3-China says it will 'significantly increase' debt to revive economic growth China finance ministry says will ramp up debt issuance Beijing will support indebted local governments Will offer subsidies to low-income people, recapitalise banks Pledges measures to stabilise property markets Size of fiscal stimulus unclear, expected to unnerve markets Adds investor comments in paragraphs 9-10, analyst in paragraphs 23-24 By Kevin Yao and Joe Cash BEIJING, Oct 12 (Reuters) - China said on Satu

China finance ministry says will allow local governments to use debt to buy unused land

China finance ministry says will allow local governments to use debt to buy unused land BEIJING, Oct 12 (Reuters) - China will allow local governments to use debt to buy unused land to support the property market, the finance ministry said on Saturday. The finance ministry said 2.3 trillion yuan ($325.47 billion) for local government spending in the last three months of 2024 includes debt quotas and unused funds.

China will support local governments in resolving debt issues, finance minister says

China will support local governments in resolving debt issues, finance minister says BEIJING, Oct 12 (Reuters) - China will support local governments to resolve their debt issues, Finance Minister Lan Foan said on Saturday, adding that local governments have 2.3 trillion yuan ($325.47 billion) in debt funds to spend in the last three months of this year.

IAM Says Union Is Assessing The Implications Of Boeing's Announcement Related To 767 Commercial Freighter

BRIEF-IAM Says Union Is Assessing The Implications Of Boeing's Announcement Related To 767 Commercial Freighter Oct 11 (Reuters) - IAM: UNION IS ASSESSING THE IMPLICATIONS OF BOEING'S ANNOUNCEMENT RELATED TO 767 COMMERCIAL FREIGHTER Source https://tinyurl.com/muwm4z7e
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China says Foxconn employees probed for bribery, embezzlement

UPDATE 1-China says Foxconn employees probed for bribery, embezzlement Updates Oct 11 story to add Foxconn declined to comment, paragraph 5, adds pictures available BEIJING, Oct 11 (Reuters) - China's government said on Friday that employees of Taiwan's Foxconn 2317.TW , the world's largest iPhone assembler, are being investigated for suspected taking of bribes and embezzlement, after Taiwan reported their detention.
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Emerging Markets Economic Events to November 29

DIARY-Emerging Markets Economic Events to November 29 Oct 12 (Reuters) - For other diaries, please see: Top Economic Events M/DIARY Emerging Markets Economic Events EMRG/DIARY Government Debt Auctions D/DIARY Political and General News POL/DIARY U.S. Federal Reserve FED/DIARY Today in Washington WASH/DIARY ---------------------------------------------------------------- This diary is filed daily.
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Top Economic Events to November 28

DIARY-Top Economic Events to November 28 Oct 12 (Reuters) - For other diaries, please see: Top Economic Events M/DIARY Emerging Markets Economic Events EMRG/DIARY Government Debt Auctions D/DIARY Political and General News POL/DIARY U.S. Federal Reserve FED/DIARY Today in Washington WASH/DIARY ------------------------------------------------------------- This Diary is filed daily.
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New Zealand sets out principles for foreign investment reform

New Zealand sets out principles for foreign investment reform SYDNEY, Oct 12 (Reuters) - New Zealand's government has agreed to principles that will guide proposed changes to the country's foreign investment laws, Associate Finance Minister David Seymour said on Saturday. "Cabinet has agreed to the principles for reforming our overseas investment law," Seymour said in a statement.

Brazilian Miner Vale Says Its Board Approved The Issuance Of 6 Billion Reais In Local Debt

BRIEF-Brazilian Miner Vale Says Its Board Approved The Issuance Of 6 Billion Reais In Local Debt Oct 11 (Reuters) - Vale SA VALE3.SA : SAYS ITS BOARD APPROVED THE ISSUANCE OF 6 BILLION REAIS IN LOCAL DEBT - FILING Further company coverage: VALE3.SA Reporting by Sao Paulo nwesroom
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US FDA to reconsider decision barring compounded versions of Lilly weight loss drug

UPDATE 2-US FDA to reconsider decision barring compounded versions of Lilly weight loss drug Adds statement from Outsourcing Facilities Association in paragraph 6 FDA to review if there's a shortage of tirzepatide Outsourcing Facilities Association lawsuit led to FDA reconsideration Shortages of Lilly and Novo Nordisk drugs drive demand for compounded versions By Brendan Pierson Oct 11 (Reuters) - The U.S.

UK may need 20 billion pound tax hike to stop spending cuts, think tank says

UK may need 20 billion pound tax hike to stop spending cuts, think tank says By Suban Abdulla LONDON, Oct 12 (Reuters) - Britain's new Labour government may need to increase taxes by 20 billion pounds ($26 billion) in its first budget on Oct. 30 to avoid real-terms cuts across public services, the Resolution Foundation said on Saturday. The think tank also said revising budget rules to use an alternative definition of public debt could allow finance minister Rachel Reeves to finance long-term in

US court puts on hold permits for Kinder Morgan unit to build Tennessee pipeline

US court puts on hold permits for Kinder Morgan unit to build Tennessee pipeline Oct 11 (Reuters) - A U.S. appeals court on Friday put on hold approvals and permits necessary to allow a Kinder Morgan KMI.N subsidiary to construct a 32-mile gas pipeline in Tennessee, at the urging of environmental groups. The proposed Cumberland Project, set to be constructed by Kinder Morgan's Tennessee Gas Pipeline, could transport about 245,000 dekatherms per day of additional natural gas to power supplier Ten

DNA testing company Nebula accused of violating privacy in US lawsuit

DNA testing company Nebula accused of violating privacy in US lawsuit By Mike Scarcella Oct 11 (Reuters) - DNA testing company Nebula Genomics is facing a proposed federal class action in Chicago for allegedly violating an Illinois state law that restricts the collection and disclosure of personal genetic information. The lawsuit was filed by an Illinois resident on Thursday against the gene testing company and Meta, Microsoft and Google, claiming Nebula's collection and sharing of genetic infor
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FDA to reconsider decision barring compounded versions of Lilly weight loss drug

FDA to reconsider decision barring compounded versions of Lilly weight loss drug Oct 11 (Reuters) - The U.S. Food and Drug Administration on Friday agreed to reconsider its recent decision barring drug compounders from selling their own versions of Eli Lilly's LLY.N blockbuster weight loss and diabetes drugs. The agency said in a court filing it would allow compounding pharmacies and facilities to continue providing the drugs for now while it reviews whether there is a shortage of their active i

US Justice Dept sues Virginia for violating federal election law

UPDATE 2-US Justice Dept sues Virginia for violating federal election law Adds Trump's comment in paragraph 9 By Jasper Ward WASHINGTON, Oct 11 (Reuters) - The U.S. Department of Justice said on Friday it sued the state of Virginia for violating the federal prohibition on systematic efforts to remove voters within 90 days of an election. On Aug. 7, Republican Governor Glenn Youngkin signed an executive order requiring the commissioner of Department of Elections to certify that the department was

US FAA approves SpaceX Falcon 9 return to flight after mishap probe

UPDATE 1-US FAA approves SpaceX Falcon 9 return to flight after mishap probe Adds more details on approval, separate flight potentially set for Sunday By David Shepardson WASHINGTON, Oct 11 (Reuters) - The U.S. Federal Aviation Administration said on Friday it had approved the return to flight of the SpaceX Falcon 9 vehicle after it reviewed and accepted the SpaceX-led investigation findings and corrective actions for the mishap that occurred Sept.

Moody's upgrades Ghana's ratings to 'Caa2,' revises outlook to positive on debt restructuring efforts

Moody's upgrades Ghana's ratings to 'Caa2,' revises outlook to positive on debt restructuring efforts Oct 11 (Reuters) - Global credit ratings agency Moody's on Friday upgraded Ghana's long-term local and foreign currency issuer ratings to "Caa2" from "Caa3" and "Ca," respectively, citing extensive debt treatment that has significantly alleviated the government's financial burdens.



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