Until a week ago, Zhongzhi Enterprise Group was little noticed in China and barely mentioned elsewhere. Shadow banking giant Zhongzhi – a private management company with more than $137 billion…
Malaysia’s economic growth in the second quarter was the lowest in nearly two years due to falling exports and a slowing global economy, prompting the country’s central bank to warn…
Global government bond yields continued their ascent – the US 30-year hit its highest level since 2011 and other benchmarks returned to 2008 levels – as resilient economic data refuted…
The Netherlands unexpectedly fell into its first recession since the pandemic due to a decline in consumer spending and exports. GDP shrank by 0.3% in Q2 of 2023 compared to…
China Evergrande Group has sought Chapter 15 bankruptcy protection in New York, court documents showed Thursday. Chapter 15 bankruptcy protects the company’s assets in the US while it restructures elsewhere.…
Yeah, that’s not a typo, 5680%. The data comes from trade statistics released by Japan’s Ministry of Finance. A few other key points: ▪️Exports of vehicles to Russia grew by…
