China May Have $5.8 Trillion in Hidden Debt With 'Titanic' Risks

China May Have $5.8 Trillion in Hidden Debt With 'Titanic' Risks

China's local governments may have accumulated 40 trillion yuan ($5.8 trillion) of off-balance sheet debt, or even more, suggesting further defaults are
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Bezos defends Amazon effort for Pentagon cloud project

Amazon chief Jeff Bezos on Monday defended the company's bid for a major Pentagon cloud computing contract, saying it was important to support US defense efforts even if unpopular.
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Investors Are Now the Most Bearish on Global Economy Since Crash

Pessimism on the global economy is piling up amid rising trade tensions and expectations the U.S. central bank will carry on tightening despite the
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Senior Accountant To Gain Lifetime Award

His tenure encompassed 37 years in accounting, auditing and business advisory services, serving international, domestic and public sector clients in
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VW's Audi Unit Settles Munich Diesel Probe for $926 Million

Volkswagen AG's Audi unit agreed to pay an 800 million-euro ($926 million) fine for its role in the diesel-cheating scandal that has disrupted the car
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