Bloomberg Business

China Debt Restructurings Come to a Head for $150 Billion Market

Two years after China’s developers began their descent into a debt crisis that ravaged the sector and forced record defaults in the nation’s $150 billion junk dollar debt market, creditors are starting to get a taste of the full consequences.

IMF Sri Lanka Bailout to Help Revive $1.6 Billion Japan Projects

The International Monetary Fund’s anticipated endorsement of Sri Lanka’s reforms and debt restructuring is expected to unlock funding of about 220 billion yen ($1.6 billion) for projects suspended by Japan, people familiar with the matter said.

Chinese Chip Suppliers Soar After Reports of Japanese Curbs

Shares in Chinese suppliers of materials for semiconductors surged after unsubstantiated reports of impending Japanese export curbs circulated on social media, underscoring the nervousness surrounding US efforts to isolate Beijing’s chip industry.

Australia’s Nuclear Subs Will Use a UK Design to Counter China

Australia’s new fleet of nuclear-powered submarines will be based on a modified British design with US parts and upgrades, people familiar with the matter said, as the three countries press ahead with a security partnership meant to counter China.

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