Fitch Ratings
Fitch Reveals That China may Have a '$2 Trillion Black Hole' in its Economy
| S. Rina | | Sep 24, 2016 02:15 PM EDT |
International rating agency Fitch has released a report indicating that the Chinese economy may be riddled with toxic loans worth 10 times the official estimates. The report further indicated that resolving the issue may lead to a capital shortfall worth $1.1 to $2.1 trillion, constituting 11 to 20 percent of the Chinese economy. China is currently rated as A+ by Fitch Ratings.
Company Of 'Asia's Richest Man' Included in Forbes' 2000 Biggest Companies in the World
| Camille Harthy | | May 07, 2015 04:21 AM EDT |
For the first time in the history of the FORBES Global 2000 list, the top four public companies ranked based on sales, profits, assets and market value call China their home.
Sears Denies Rumor of Store Closures
| Rubi Valdez | | Oct 26, 2014 03:23 AM EDT |
Sears Holding Corporation refused to shed light on the number of additional stores subject to closure, but confirmed that shutting down branches is part of the company's revival strategy.
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