Debt-laden companies imperil China's growth

Feb 29, 2016

Debt-laden companies imperil China's growth

China is not just contending with falling stocks, a plunging currency and a slowing economy. It has vampire trouble, too. The Chinese economy is pock-marked with companies that cannot pay their bills and survive only with government help. Jiangshi, the Chinese call them — ...

Dec 6, 2015

Greece passes 'tough' austerity-extending 2016 budget

Greek lawmakers approved a “tough” 2016 budget early Sunday, forecasting near zero growth for 2015 and a small contraction next year for the debt-ridden country in its sixth year of austerity. The coalition government, which enjoys a narrow majority, managed to push the budget ...

Aug 18, 2015

Japan's holdings of treasuries dip to lowest level since 2013

Japan’s holdings of U.S. Treasuries dipped below $1.2 trillion for the first time since 2013 even as purchases of the government debt accelerated among foreigners as a whole. Japan, the second-largest foreign holder, saw its holdings fall by $17.8 billion in June, the biggest ...