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Headlines
Coast Appliances Files for Creditor Protection, Cites Slowdown in Residential Construction
A downturn in Canadian housing starts helped push wholesale distributor Coast Appliances into court-ordered protection to fend off insolvency, and economic forecasts cloud the likelihood that the business will emerge from the…
Indonesia’s Central Bank Holds as Middle East Risks Dim Outlook
Indonesia’s central bank held interest rates steady again, as the war in the Middle East casts a shadow over the Southeast Asian country’s economic outlook, the Wall Street Journal reported. Like its peers, Bank Indonesia is…
Bank of England Deputy Governor Warns of Private Credit Crunch
Private credit risks a crunch akin to the squeeze suffered by the banking sector in the wake of the financial crisis, the Bank of England’s Deputy Governor Sarah Breeden said, while playing down the prospect of wider contagion,…