China is grappling with a monumental financial challenge as the turmoil in its real estate sector reverberates throughout the broader economy.
On Wednesday, a group of investors staged a protest outside the Beijing headquarters of Zhongrong International Trust Co., one of the country's leading trust companies and financial services providers.
Swedish holding company Embracer Group AB (OTC: THQQF), known for acquiring various gaming entities including Gearbox Entertainment and rights for Lord of the Rings and Tomb Raider, experienced a stock drop due to a collapsed $2 billion deal earlier
After an unexpected lending rate cut from the People's Bank of China Thursday, Goldman Sachs economists are forecasting further rate reductions this month and into the fourth quarter.
Cathie Wood says the Fed has a role to play in China's predicament as the country continues to produce evidence of sagging growth and deflationary trend.