Greece says it may extend fiscal contingency mechanism to 2019

Greece may extend a contingency mechanism by a year until 2019 to ensure it meets fiscal targets and end a stalemate in talks with its euro zone lenders and the IMF over a bailout review, Prime Minister Alexis Tsipras said.

China: Steel industry needs market exit mechanism to cut overcapacity

A market exit mechanism must be put in place as the steel industry strives to cut excess capacity, China Iron and Steel Association said.