Foreign Firms Feel China's Chill
Market turmoil and Beijing’s crackdown on brokers and investors is complicating the plans of foreign funds and investment banks that had bet on bigger business in China.
Asia Stocks Extend Decline
Selling shifted to Japan and Australia this week, where stocks were among Asia’s worst performing, while China’s market—recently the center of a global selloff—came out relatively unscathed, helped by a shortened trading week and government-led stocks buying.
Chinese Companies Share Investors' Pain
China’s listed companies joined in the market mania, buying up shares in one another; now the holdings that padded earnings as prices boomed threaten to gut them as they plunge.
Former Hanlong Executive Pleads Guilty to Insider Trading
A Chinese financier extradited to Australia last year on insider-trading charges has pleaded guilty, the country’s securities regulator said.
China's Bond-Rating Firms Dole Out Downgrades
China’s bond-ratings firms downgraded a record number of companies as the stock market tumbled earlier this summer, though trading in the bonds dried up right after the downgrades, limiting their price declines.
India Says New Tax Won't Apply to Foreign Institutional Investors
India said it wouldn’t apply a new tax to international portfolio investors, hoping to calm concerns about the country amid global market volatility.
Huge Purchases by Chinese Oil Trader Raise Prices, Confusion
Traders involved in the Dubai spot market question Chinaoil’s motives, saying its market dominance is distorting prices.
Nasdaq to Sell Surveillance Technology to China
Nasdaq OMX Group will supply market-surveillance technology to a Chinese securities exchange and some mainland financial firms, as Beijing steps up scrutiny of its financial industry.
Argentina Creditors Can't Seize Assets of Central Bank, Court Rules
Argentina’s creditors can’t seize the assets of its central bank, a U.S. court ruled, reversing an earlier ruling that would have opened the nation’s reserves to hedge funds looking to collect debt stemming from a 2001 default.
U.S. Port Traffic Hinted at China Slowdown
Long before investors lost faith in the Chinese stock market, something seemed amiss at the ports of Long Beach and Los Angeles. The number of containers coming from China was up, but beginning in 2013, fewer loads were being sent in the other direction.
China's Big-Dollar Borrowers Hold Off on Hedging Foreign-Currency Debt
Chinese real-estate firms, among the country’s heaviest dollar borrowers, aren’t rushing to hedge their foreign-currency liabilities even as the surprise devaluation of the yuan adds to their debt load.
For China, a Plunge and a Reckoning
The stock market fall pierced the party’s mystique of omnipotence. In an interwoven world, the crisis should spur Beijing to prefer compromise to bullying.
China's Banks Face Worst Year in More Than a Decade
China’s biggest lenders are scrambling to clear rising bad loans from their books, as a faltering economy weighs on loan repayments and sets banks on pace for their worst year since they began listing shares 13 years ago.
Brazil's Big Bet on China Turns Sour
Brazil’s big bet on China is turning sour as the Asian country’s once voracious appetite for Brazilian exports dims.
How Do You Short China?
Traders are scouring stock, bond and currency markets for ways to make money on the malaise afflicting China. Some are piling into insurance-like contracts that would pay out if the country defaulted on a small pool of its foreign-denominated bonds.
Fed Urged to Press Ahead With Rate Rise
After months of forewarning by the Fed that it is preparing to raise short-term interest rates, some international officials have a message: Get on with it already.
China's Bonds Win as Markets Lose
China’s stock market is imploding and its currency weakening, but everything looks positively buoyant in the country’s huge bond market.
PBOC Uses Unusual Tool to Buoy Yuan
Intervention by the People’s Bank of China caused U.S. dollar-yuan foreign-exchange swaps to fall sharply.
Market Turmoil Seen Spurring China Property Purchases Abroad
Instability drives Chinese to seek havens in global real-estate investments, as Australia worries about overheated market.
Surge and Setback for Asia's Bankers
The market crash in China and weakness across Asia is providing a short-term boost to investment-banking revenues, but the picture for several Wall Street businesses is grimmer in the longer term.
Ukraine Secures Debt-Relief Deal
Ukraine’s government secured a vital debt-relief deal, the country’s finance ministry said, a key step toward unlocking billions of dollars in emergency financing.
Investors Aren't Hungry for Dim Sum Debt
China’s devaluation has led to record losses for yuan bonds issued offshore as the currency weakens and appetite for Chinese assets fades.
Emerging-Market Currency Risk Shifts to Lenders
Heavy debt loads and falling currencies have long been a recipe for disaster in emerging markets. This time, though, many countries did most of their borrowing in their own currencies, shifting much of the risk onto their lenders.
Investors Grasp for Answers Amid Wild Stock Rout
Concerns about China’s economy intensified, accelerating the selloff across global markets as investors tried to assess whether the rout was just a short-term pullback or a signal of deeper trouble.
Economic Risk of Stock Plunge Varies Around Globe
The stock selloff spells less trouble for economies of rich countries than for those in emerging markets.
German Stocks Lose Luster Amid China Woes
As the fallout from a slowdown in the Chinese economy spreads across the globe, Germany’s stock market has suffered more than most.
Mexico's Stocks, Peso Fall
Mexico’s stocks fell sharply and the peso slid to a record low against the U.S. dollar Friday.
Fitch Changes Saudi Arabia's IDRs Outlook to Negative
Fitch Ratings affirmed Saudi Arabia’s threshold default risk at double-A but revised its outlook to negative, citing tumbling oil prices and increased spending tied to the accession of a new king.
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