Japan’s stock markets are rallying. Will ‘zombie’ firms be a threat?

TOKYO, JAPAN – SEPTEMBER 03: Zombies perform on the red carpet for the ‘Resident Evil: Retribution’ World Premiere at Roppongi Hills on September 3, 2012 in Tokyo, Japan.  Adam Pretty | Getty Images Entertainment | Getty Images Japan’s stock markets have been on a stellar run since the start of 2023, repeatedly breaching 33-year highs … Read more

JPMorgan hikes EM default forecast as Nation Backyard drives China contagion fears

Signage at a residential undertaking developed by Nation Backyard Holdings Co. in Baoding, Hebei province, China, on Tuesday, Aug. 1, 2023. Bloomberg | Bloomberg | Getty Pictures JPMorgan raised its world rising markets company high-yield default forecast, largely as a consequence of rising contagion fears in China’s property sector from a doable Nation Backyard default. … Read more

Company bankruptcies surge on excessive rates of interest, uncertainty

Federal Reserve Board Chairman Jerome Powell departs after talking throughout a information convention following the Federal Open Market Committee assembly, on the Federal Reserve in Washington, DC, on June 14, 2023.  Mandel Ngan | AFP | Getty Photos The Federal Reserve plans to maintain mountaineering rates of interest to stem inflation, which suggests a rise … Read more