Bloomberg International Monetary Fund staff said that 19 trillion yuan ($2.9 trillion) of Chinese “shadow” credit products are high-risk compared with corporate loans and highlighted the danger that defaults could lead to liquidity shocks. The investment products are structured by the likes of trust and securities companies and based on equities or on debt — typically loans — that ...

  Bloomberg South Korea’s economy will expand 2.7 percent this year and 3 percent next year, the International Monetary Fund said in a statement, which also welcomed recent fiscal and monetary stimulus in Asia’s fourth-largest economy. The nation has “considerable fiscal space” to manage challenges to growth such as an aging society and high household debt, the fund’s directors said ...

  Bloomberg Tata Steel Ltd. plans to move to the next stage in the sale of its specialty steels unit in the U.K. after it received interest from several buyers as the Indian producer tries to sell unprofitable assets. The sale process of its South Yorkshire-based unit is progressing well, while the company remains open to selling its Port Talbot ...