China’s Zhongzhi Enterprise Group has declared bankruptcy, following a calamitous year in which it sparked fears that the world’s second-largest economy was…
U.S. December Jobs Report Due Out Today; St. Louis Fed Names Musalem Its New President By James Christie Good day. The U.S. Labor Department will release its all-important December jobs report.
Chinese Shadow Bank Announces Insolvency, Government Announces Investigation hotair.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hotair.com Daily Mail and Mail on Sunday newspapers.
China's Zhongzhi Enterprise Group, a leading wealth manager, told investors it is heavily insolvent with up to $64 billion in liabilities, threatening to reignite concerns that the country's property debt crisis is spilling over into the broader financial sector