Bloomberg Argentine opposition candidate Alberto Fernandez said he won’t lead the country into default if he wins the presidential election in October, seeking to reassure investors who fear a new government might renege on its borrowings. “What we can guarantee is that we aren’t going to fall into a new default. I received an Argentina in default. I don’t want ...

At last count, China held slightly more than $1 trillion in US Treasury securities. One fear has been that, should China and the United States engage in an economic war — as they clearly are now — those dollars could become a weapon against us. The Chinese would sell dollars in foreign exchange markets, raising US interest rates and perhaps ...

China’s tech giants have upended the country’s payments system and promise to shake up its consumer-banking sector. The rest of the region won’t be so easy. Asia is quickly becoming next battlefront for Alibaba Group Holding Ltd.’s Ant Financial and Tencent Holdings Ltd.’s WeChat Pay, after both secured licenses to set up online-only banks in Hong Kong this month. Singapore’s ...