Bank Of America Corp (NYSE: BAC) shares are trading lower Wednesday, adding to losses of more than 6% over the last week. Here's a look at what's going on.
China SCE Group Holdings Ltd. became the latest in a line of Chinese property developers to default on its debt Wednesday, after the company said that it could not meet interest and principal payments for up to $1.8 billion in senior offshore notes.
Amid an economic climate of high interest rates in the US and a slumber among China stocks led by a downturn in the property market, Japan’s economy lies in stark contrast to the antipathy that investors are feeling elsewhere in the world right now.