More Chinese regions are raising minimum wages, but will it help boost consumption?
As more Chinese provincial-level regions raise minimum wages, economists say the increases could encourage lower-income workers to spend…
Connecticut Children’s Medical Center facing financial and staffing challenges
Connecticut Children’s Medical Center is seeking to consolidate its inpatient pediatric services located at Saint Mary’s Hospital in…
Indonesia’s plan for a Singapore rival starts to take shape
Indonesia wants to build a financial centre to rival Singapore, Hong Kong or Dubai, but analysts say the…
Fitch Cautions Nigeria Over Risks in $5bn Swap Deal
Nigeria’s proposed $5bn total return swap financing arrangement could expose the country to additional debt-management and liquidity risks…
As Chinese provinces slash revenue outlook, analysts warn of debt control
Fiscal strains are forcing Chinese provinces to slash their budget-revenue expectations for 2026 due to the knock-on effects…
Fitch upgrades Türkiye outlook to positive, keeps BB- rating
Fitch Ratings on Friday raised Türkiye’s outlook to positive from stable while maintaining its long-term foreign-currency credit rating…
China to hide bad debt records for pandemic-hit borrowers who repay small loans
China’s central bank has unveiled a credit-rehabilitation policy to help individuals who defaulted on small loans rebuild their…
US corporate defaults on private debt rose in Q2, Fitch says
By Matt Tracy (Reuters) -U.S. corporate issuers defaulted on privately placed debt at a higher rate in the…