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Cracks appear in Aussie trillion-dollar debt pile

  Bloomberg The Reserve Bank of Australia frequently seeks feedback on the health of the economy. It might want to call the debt counselors soon. Homeowners, consumers and property investors around Australia are making more calls to financial helplines as three warning signs back up the spike in demand: mortgage arrears are creeping up, lenders’ bad debt provisions have increased ...

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Tata Steel swings to profit for first time in five quarters

  Bloomberg Tata Steel Ltd. swung to a profit in the third quarter, the first gain in five periods, boosted by a recovery in product prices and higher production. Group net profit was 2.3 billion rupees ($34 million) in the three months to December 31, from a loss of 27.5 billion rupees a year earlier, according to a statement from ...

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Lotte China theme-park project halted amid geopolitical tensions

  Bloomberg Lotte Group said the Chinese government ordered the halt of the conglomerate’s 3 trillion won ($2.6 billion) theme-park project in northeastern China, in the group’s latest setback in a country that’s stepping up economic retaliation against South Korea for pushing ahead with the deployment of a US missile shield. The government order to suspend the development in Shenyang ...

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