Bloomberg Business

China’s $138 Billion Shadow Bank Spirals at Terrible Time for Xi

Founded in 1995 as a lumber business, Zhongzhi Enterprise Group Co. grew to become a financial conglomerate with more than 1 trillion yuan ($138 billion) under management. Now it risks becoming the latest Chinese financial giant to fail.

Trump Discloses Income From Real Estate, Crypto and His Brands

Former President Donald Trump’s latest financial disclosure revealed a sprawling portfolio that includes everything from his primary residence to revenue from resorts and crypto that he could theoretically tap to fuel his 2024 White House comeback bid.

Argentina Seeks Larger IMF Disbursement After 18% Devaluation

Argentina intends to ask the International Monetary Fund to increase a disbursement planned for later this month by an unspecified amount, a senior government official said after the central bank was forced to devalue its official exchange rate by 18%.

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