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China bad-loan gauge holds steady

  BLOOMBERG China’s official bad-loan ratio held at 1.75 percent in the second quarter after almost three years of increases, suggesting some progress as President Xi Jinping’s officials try to defuse risks from the nation’s explosion in credit. The China Banking Regulatory Commission didn’t give reasons in Wednesday’s data release. Lenders have stepped up efforts to clean up nonperforming debt ...

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Cheap China corn curbs imports amid ample domestic supply

  Bloomberg China’s imports of corn and feed grains are set to slump after the government increased the amount auctioned from state reserves and domestic prices dropped to a decade low, according to analysts. The government is offering about 7.9 million metric tons of corn from its stockpiles for a third week. That compares with 6 million tons offered in ...

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Delta failure a wake-up call for airline sector

  Bloomberg The failure of Delta Air Lines Inc.’s worldwide computer network this week spotlights the vulnerability of the information systems sustaining the biggest US carriers, each of which has contended with major disruptions during the last year. Complex networks cobbled together over the decades need major overhauls requiring significant new investments, said Bob Edwards, a former chief information officer ...

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