BEIJING / Bloomberg The Chinese economy is pock-marked with companies that can’t pay their bills and survive only with government help. Jiangshi, the Chinese call them — ‘vampire companies’ or ‘zombies’. These ghoulish companies and their debts are hindering the world’s second-biggest economy and will likely do so for years. Companies that miss debt payments inflict losses on banks, which then ...

Bloomberg Barclays Plc Chief Executive Officer Jes Staley, poised to announce the fate of the lender’s African business, must convince investors he can improve the investment bank’s profits just as slumping trading revenue batters the industry. Staley is leaning toward maintaining the securities unit without pursuing a major restructuring or spinning off the business, according to people familiar with the ...

Bloomberg China Zheshang Bank Co. postponed gauging demand for a $1 billion Hong Kong initial public offering, after stock buyers reported difficulty transferring money out of mainland China, people familiar with the matter said. Potential cornerstone investors from China told deal arrangers they couldn’t get timely regulatory approval to send money across the border, according to the people, who asked ...