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Russia, China woes risk worst EM corporate default wave since financial crash – JPMorgan – Reuters.com

EM wide corporate default rate seen at highest since GFC Ukraine expected to see near 99% corporate default rate Russia forecast to see 27% default rateHalf of riskier Chinese property bonds may have defaulted by year end LONDON, April 4 (Reuters) – JPMorgan has warned that the combination of Russia’s war in Ukraine and China’s …

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New York widens lead over London in top finance centres index – Reuters.com

LONDON, March 24 (Reuters) – New York has extended its lead among the world’s top financial centres, with runner up London losing ground to increasingly competitive rivals in the United States and Asia, the Global Financial Centres Index (GFCI) showed on Thursday. The index from think tank Z/Yen Group in partnership with the China Development …

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Russian banks rush to switch to Chinese card system – Reuters.com

UnionPay, a Chinese credit card company, displays on the exhibit hall floor during the Money 20/20 conference in Las Vegas, Nevada, U.S. on October 24, 2017. REUTERS/Steve Marcus Register now for FREE unlimited access to Reuters.com Register March 6 (Reuters) – Several Russian banks said on Sunday they would soon start issuing cards using the …

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China cuts income tax for some small firms to 20% – finance ministry – Reuters.com

Yuan banknotes are seen in this illustrative photograph taken in Beijing July 26, 2010. REUTERS/Jason Lee Register now for FREE unlimited access to Reuters.com Register BEIJING, March 18 (Reuters) – China will cut income tax for some small firms to 20% from 25%, the finance ministry said on Friday, as part of steps to ease …

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