China’s Banks Post Weak Half-Year Earnings
Amid China's slowing economy, the country's largest banks are suffering from bad loans and tightening margins.
Macy’s Has ‘Tough’ Q2 As Sales Fall 2.6%
The retailer's CFO says consumer spending gravitated away from apparel, home goods and other items that are core to its business.
Alibaba’s Torrid Sales Growth Slows to 28%
The e-commerce giant had sales of $3.26 billion in the second quarter but the numbers suggest it is "coming back to Earth."
Oil Prices Slide To New Lows on ‘Bearish’ Data
With demand from China slowing and a supply glut continuing, prospects of a price rebound in the second half of 2015 have "evaporated."
Mead Johnson Nutrition Settles FCPA Charges
The infant formula maker paid health-care professionals in China to recommend its products to expectant mothers.
China Corporate Debt Growth Seen as High Risk
S&P estimates that China's corporate debt pile, now at 160% of GDP, will climb 77% to $28.8 trillion over the next five years.
Chinese Chip Firm to Bid $23B for Micron
State-owned Tsinghua Unigroup's bid for the memory maker is likely to be blocked by U.S. regulators.
IMF Trims 2015 World Growth Forecast
The IMF forecasts lower annual global growth in 2015 largely due to the impact of weaker first-quarter growth in advanced economies.
China Moves to Stop Stock Markets’ Nosedive
Trading suspensions and share purchasing by brokerage firms "reek of panic," says one analyst.
China Uncovers $2.7B in Misused Lottery Funds
Audit finds that a quarter of all the money raised through the state-run lottery program between 2012 and 2014 was embezzled or misappropriated.
IMF Economists Say ‘Just Live With’ Debt
While some countries face 'debt sustainability constraints' that leave them no choice but to pay down debt, others can fund themselves at very low rates.