As China continues to weigh how to approach rising corporate debt, new data reveals rising corporate bond defaults this year, according to Reuters on Thursday (Aug. 9). Sixteen Chinese corporations, most of them private, have defaulted on 34 corporate bonds, reports said. The defaults are...
In a sign of strength for the U.S. economy, banks are reporting that business loans are on the rise. According to The Wall Street Journal, preliminary second-quarter data from the Federal Reserve indicates that the year-over-year growth rate of business loans rose to 5.5 percent...
