Mounting debts have hit Chinese companies struggling to pay workers and suppliers amid the coronavirus outbreak.
Consumers in the United Kingdom face higher prices and reduced availability of goods if the government fails to agree pragmatic solutions with the European Union on regulatory checks at ports in any post-Brexit deal, the retail industry's lobby group warned on Monday.
Chinese companies are using cheap funds raised via "virus bonds" to store cash and cover debts as Beijing works to channel money into coronavirus-affected areas of the economy, according to Reuters News Agency.
HSBC Holdings PLC on Tuesday unveiled plans to cut $100bn in assets, slash its investment bank and restructure in the United States and Europe, as it launched its biggest overhaul in years in a bid to improve returns.
Oil prices edged higher on Thursday as investors focused on the possibility of deeper supply cuts from the world's biggest producers.
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