China central bank says to keep reasonable credit growth, yuan stable
BEIJING (Reuters) – China’s central bank said on Monday that it would “flexibly” use various policy tools to maintain appropriate liquidity and reasonable growth in credit and social financing.
Volkswagen’s Audi tempers spending plans for 2016
FRANKFURT (Reuters) – Volkswagen’s flagship Audi division reined in its spending plans for 2016 and delayed the construction of a new wind tunnel on Monday, after the German carmaking group was hit by a scandal over rigged emissions tests.
Russia says Saudi Arabia destabilized oil market: TASS
MOSCOW (Reuters) – Saudi Arabia has destabilized the global oil market by increasing production, TASS news agency quoted Russian Energy Minister Alexander Novak as saying on Monday.
Japan firms cold on Abe’s calls for wage hikes in 2016: survey
TOKYO (Reuters) – Major Japanese firms plan to use their excess cash next year on capital investments and M&As rather than higher salaries, according to a Reuters poll, showing few businesses plan to heed Prime Minister Shinzo Abe’s call for wage hikes.
End of easy money for mini-refiners splitting U.S. shale?
HOUSTON (Reuters) – Energy companies and oil trading firms that teamed up to build several mini-refineries that convert a swelling surplus of ultra-light U.S. crude into fuels for export seemed like a pretty safe investment bet for a while.
Japan business lobby head won’t commit to higher wages
TOKYO (Reuters) – The head of an influential Japanese business lobby won’t pass on the government’s requests to its members to raise salaries next year, a worrying sign that real wages may not increase fast enough to boost consumption in the country.
Japan output, retail sales slump, dampen recovery prospects
TOKYO (Reuters) – Japan’s factory output fell for the first time in three months in November and retail sales slumped, suggesting that a clear recovery in the world’s third-largest economy will be delayed until early in 2016.
Samsung Electronics plans initial production of five million Galaxy S7 phones: report
SEOUL (Reuters) – Samsung Electronics Co Ltd, the world’s top smartphone maker, plans an initial production run of about 5 million of its upcoming Galaxy S7 smartphones, South Korea’s Electronic Times reported on Monday, citing unnamed sources.
Japan November factory output down 1 percent month-on-month: government
TOKYO (Reuters) – Japan’s industrial output fell 1.0 percent in November from the previous month, government data showed on Monday, suggesting that sluggish emerging market demand continues to cloud the outlook for the economy.
Valeant CEO Pearson remains hospitalized for pneumonia: Bloomberg
NEW YORK (Reuters) – Valeant Pharmaceuticals International Inc Chief Executive J. Michael Pearson has been moved to another hospital where he is being treated for a severe case of pneumonia, a company spokeswoman told Bloomberg on Sunday.
