China clears last muni bond hurdle

Chinese authorities have removed the last hurdles on a massive local government debt swap that should also jump start the growth of a market-driven municipal bond market.

UK companies remain confident about economic outlook

Growth in UK manufacturing has eased back to more moderate levels, but companies remain confident about the economic outlook, according to a new study.

Fitch warns on risks from shadow banking in China

FRANKFURT (Reuters) - China's unregulated shadow banking sector poses an increasing risk to the country's financial stability that could spread to other countries, credit rating agency Fitch said on Monday.