ReportWire

Tag: newsplus

  • Japan Plans Extra Bond Issuance That May Fuel Fiscal Fears

    TOKYO—Japan’s finance ministry plans to boost government bond issuance by $75 billion to fund an economic stimulus package, potentially stoking concerns about the nation’s fiscal health.

    Prime Minister Sanae Takaichi’s cabinet on Friday approved a draft supplementary budget for the fiscal year ending March 2026 that is worth 18.303 trillion yen, or about $117.10 billion. The government now plans to issue an additional 11.696 trillion yen of bonds, including increases in issuance of two- and five-year notes.

    Copyright ©2025 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

    Megumi Fujikawa

    Source link

  • Vanke’s Bid to Delay Bond Payment Sparks Selloff in Chinese Developers

    China Vanke’s 000002 -5.60%decrease; red down pointing triangle proposal to delay repayment of an onshore bond led to trading halts in three other local notes and triggered a selloff in shares of Chinese property developers, ratcheting up fears about the country’s drawn-out real estate crisis.

    Vanke, one of China’s biggest real-estate companies, was once regarded as one of the country’s most solid developers. It is among the few major Chinese developers that have yet to default amid the country’s massive property bust.

    Copyright ©2025 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

    Jiahui Huang

    Source link

  • German Economy Shows Signs of Revival

    The German economy may be showing signs of a life after more than half a decade of stagnation.

    Europe’s largest economy has suffered a series of recent blows, including a surge in energy costs after Russia’s full-scale invasion of Ukraine, higher tariffs on its exports to the U.S and fierce competition from China in key sectors such as automobiles.

    Copyright ©2025 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

    Don Nico Forbes

    Source link

  • Parts of Europe at Risk of Downward ‘Spiral’ if Older Voters Stymie Reforms, EBRD Warns

    Economies that escaped from Communism more than three decades ago are at risk of falling into a downward spiral if older voters and political leaders prevent the changes needed to offset the hit to growth from aging populations, the European Bank for Reconstruction and Development warned.

    The graying of the population is a headwind for economic growth and a driver of rising government debts around the world, but is particularly acute in parts of Europe that had been led by Communist parties until the late 1980s and early 1990s.

    Copyright ©2025 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

    Paul Hannon

    Source link

  • Rheinmetall Turns to Former Auto Workers to Fuel Hiring Spree

    Germany’s largest arms manufacturer, Rheinmetall RHM -3.85%decrease; red down pointing triangle, expects its sales will be five times as much as they were last year by the end of the decade. A big factor underpinning its confidence—it is being flooded by job applications.

    The company is now looking to draw from a pool of workers laid off by the car industry and other big employers to fill the roles needed for its expansion plans, its head of human resources operations said.

    Copyright ©2025 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

    Cristina Gallardo

    Source link

  • Moody’s Ratings Upgrades Italy on Expectation of Declining Debt

    Moody’s boosted Italy’s sovereign-credit rating on expectations for a decline in government debt.

    The ratings agency on Friday upgraded Italy’s rating one level to Baa2 from Baa3. The outlook was revised to stable from positive.

    Copyright ©2025 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

    Kelly Cloonan

    Source link

  • Europe Must Look Inward to Drive Growth, ECB’s Lagarde Says

    Europe must break down its internal barriers to move away from a growth model that is driven by exports, European Central Bank President Christine Lagarde said.

    In a speech to bankers Friday, Lagarde also highlighted Europe’s vulnerability to the “weaponization” of key raw materials and technologies.

    Copyright ©2025 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

    Paul Hannon

    Source link

  • U.K. Government Borrowing Runs Ahead of Plan as Budget Looms

    The U.K. government’s borrowing continued to run ahead of projections in October, a deterioration in its finances that it will aim to correct with tax rises and some spending cuts in its annual budget statement next week.

    The Office for National Statistics on Friday said the government borrowed 17.4 billion pounds ($22.75 billion) in October, bringing the total for the first seven months of the fiscal year to 116.8 billion pounds, 9.9 billion pounds above the amount projected by the Office for Budget Responsibility in its March forecasts.

    Copyright ©2025 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

    Paul Hannon

    Source link

  • Japan Approves $135 Billion Stimulus Shot to Help Households, Economy

    TOKYO—Japan’s cabinet has approved $135 billion of stimulus to help households cope with rising living costs and boost economic growth, launching the first fiscal salvo under new Prime Minister Sanae Takaichi.

    The Takaichi administration on Friday signed off on the package totalling 21.3 trillion yen, equivalent to $135.27 billion.

    Copyright ©2025 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

    Megumi Fujikawa

    Source link

  • Swiss Watch Exports Continue on Downward Trend in U.S. Tariff Fallout

    Exports of Swiss watches remained on a declining trend in October, driven by a sharp decrease in the U.S. as tariffs continue to take a toll.

    Total exports of Swiss timepieces dropped 4.4% in October compared with the same period last year to 2.24 billion Swiss francs ($2.78 billion), according to data published Thursday by the Federation of the Swiss Watch Industry, or FH.

    Copyright ©2025 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

    Andrea Figueras

    Source link

  • Netherlands Hands Back Control of Chip Maker Nexperia to Chinese Owner

    The Dutch government handed back control of semiconductor manufacturer Nexperia to its Chinese owner, moving toward resolving a spat that had blocked vital chip supply to the auto industry.

    Dutch economic-affairs minister Vincent Karremans said Wednesday that the decision had been made in consultation with the Netherlands’ European and international partners and followed recent meetings with Chinese authorities.

    Copyright ©2025 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

    Adrià Calatayud

    Source link

  • Dassault Aviation Rises After Ukraine Agrees to Buy 100 Rafale Fighter Jets

    Ukraine agreed to buy 100 Rafale fighter jets as part of a larger military equipment deal that triggered a jump in the share price of the French aerospace and defense manufacturer Dassault Aviation AM 7.44%increase; green up pointing triangle.

    Ukrainian President Volodymyr Zelensky said Monday that he had signed a letter of intent to acquire 100 Rafale F4 fighter jets by 2035, SAMP/T air defense systems, radars, air-to-air-missiles and aerial bombs from France.

    Copyright ©2025 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

    Cristina Gallardo

    Source link

  • Enbridge $1.4 Billion Project Aims to Boost Canadian Oil Flow to U.S. Refineries

    Pipeline operator Enbridge ENB 0.51%increase; green up pointing triangle will push ahead with a $1.4 billion expansion of its core network to boost deliveries of Canadian heavy oil and reach key refining markets in the U.S. Midwest and Gulf Coast.

    The Canadian energy company said Friday it reached a final investment decision on the first phase of a project to optimize its Mainline network, which is forecast to add egress capacity from Canada that will support increased production in the country and connect with what it described as the best refining markets in North America.

    Copyright ©2025 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

    Robb M. Stewart

    Source link

  • U.K. Economy Grows at Slower Pace Ahead of Budget

    GDP rose 0.1% in the third quarter, compared with 0.3% in the second, amid uncertainty about the government’s budget and the impact of a cyberattack on a major carmaker.

    Don Nico Forbes

    Source link

  • ECB’s Key Interest Rate Is in a Good Place, Says Schnabel

    The European Central Bank’s key interest rate is unlikely to change unless the eurozone economy is hit by another big shock, a member of its executive board said Wednesday.

    The ECB last month left its key rate at 2% for the third straight meeting, with inflation close to its target.

    Copyright ©2025 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

    Paul Hannon

    Source link

  • China’s Bid for Tech Prowess to Keep Lid on Consumption Boost

    China’s leaders have again pledged to give consumption a bigger role in driving growth, but economists remain unconvinced.

    The emphasis given to technological self-sufficiency and advanced manufacturing has raised doubt over how high consumption is on policymakers’ To Do list.

    Copyright ©2025 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

    Source link

  • China’s Exports Unexpectedly Contract

    Exports contracted in October from a year earlier, dragged by a high base of comparison and cooling overseas demand after months of front-loading.

    Source link

  • Eurozone Retail Sales Edge Lower Despite Improving Sentiment

    Retail sales in the eurozone unexpectedly inched lower in September, contrasting with some of the rosier sentiment among consumers in recent months.

    Volumes fell back 0.1%, the same rate as in August, statistics agency Eurostat said Thursday. Economists polled by The Wall Street Journal had instead expected a 0.2% increase.

    Copyright ©2025 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

    Ed Frankl

    Source link

  • German Industrial Production Rebounds Weakly Amid Tentative Hopes Over Outlook

    Industrial production in Europe’s largest economy rebounded less than expected in September, amid hopes that the outlook could be changing for the sector ahead of large-scale government investment.

    Output rose 1.3% on month, Germany’s statistics agency Destatis said Thursday, offsetting some of the 3.7% decline in August. Economists polled by The Wall Street Journal expected a larger 2.5% uptick.

    Copyright ©2025 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

    Ed Frankl

    Source link

  • Canada Plans Wider Deficits to Jolt Economy

    OTTAWA—Canada said Tuesday it intends to run wider deficits to finance spending and tax measures aimed at unleashing the massive private-sector investments the economy needs to rebuild amid a protectionist U.S.

    To offset some of the elevated costs, Prime Minister Mark Carney’s government said it would cut the size of the federal public-sector workforce by about 5%, or 16,000 jobs.

    Copyright ©2025 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

    Paul Vieira

    Source link