
Moody’s Cuts China Credit Outlook to Negative on Rising Debt
Moody’s Investors Service cut its outlook for Chinese sovereign bonds to negative, underscoring deepening global concerns about the level of debt in the world’s second-largest economy.
Moody’s Investors Service cut its outlook for Chinese sovereign bonds to negative, underscoring deepening global concerns about the level of debt in the world’s second-largest economy.
Another European Central Bank hike in borrowing costs probably won’t happen in light of last week’s consumer-price data, according to Executive Board member Isabel Schnabel.
European stocks were mixed as traders weighed concerns over China’s debt burden against dovish comments by a European central banker.
Barclays Plc shares fell as much as 4.5% after Qatar’s wealth fund, a longstanding shareholder, revealed it is offloading almost half of its stake in the lender.
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