Frances Yoon

China wants to boost its sluggish economy and keep its currency stable, but that is proving a difficult juggling act.

When Japan's currency approached 146 per dollar last year, its finance ministry intervened to protect the yen for the first time in decades. It broke that level on Thursday, hitting its weakest mark again

China’s currency is weakening against the U.S. dollar—and the country’s central bank is pushing back. The People’s Bank of China sets a daily reference rate for the yuan, and allows the onshor

Evergrande’s 11th-hour cancellation of a $19 billion debt restructuring could lead to a messy collapse and have “a catastrophic effect” on other troubled companies in the sector, its bond investors said.

China’s property market meltdown created a multibillion-dollar opportunity for distressed-debt investors. The country’s real-estate sector is reeling from a yearslong slowdown that has put strains on the economy, sparked widespread protests and triggered defaults on around $81 billion of Chinese developers’ international bonds between 2021 and 2022, according to figures from S&P Global Ratings.

The property giant was once considered one of the safest developers in China, but the country’s property slowdown has claimed another victim.

South Korea is an example of how Federal Reserve decisions—and the uncertainty around them—can ripple around the world. The Korean won has lost about 7% against the dollar since the beginning of the year, when the central bank in Seoul halted rate increases.Meanwhile, the Fed has increase

Troubled property developer China Evergrande Group, which walked away from a $35 billion debt restructuring deal last month, has just bought itself a bit more time to figure