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Aggressive Interest Rate Hikes to Test Australian Consumer Might

Australia’s central bank is all-but-certain to raise interest rates this week to slow accelerating inflation, piling pressure on consumers who are among the most indebted in the world.
Long, Moderate and Painful: What Next US Recession May Look Like

Recessions, like unhappy families, are each painful in their own way.
Chinese Developer Shimao Fails to Pay $1 Billion Dollar Bond

Chinese developer Shimao Group Holdings Ltd. said it failed to pay a $1 billion dollar bond that matured Sunday, the latest missed payment in the struggling sector.
Bond Holders Look to Recession for Salvation After Vicious Half

Treasury holders reeling from the most brutal first half on record are starting to bet that a worsening economy will deliver some relief from the relentless selloff even as they brace for the risk of more weakness.
Del Vecchio Divided His Fortune Equally Among Eight Heirs

Eyewear billionaire Leonardo Del Vecchio divided his fortune equally among his wife, his six children, and the son of his wife from a previous marriage, according to his will.

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