The collapse in China of a complex web of debt guarantees involving several private firms highlights risks in its financial system and opens up a potentially hazardous front for an economy in the grip of its slowest growth in nearly three decades, Reuters reported. It is the last thing Beijing needs as it tries to fight off intensifying pressure on growth from a months-long trade dispute with the United States.

Nissan lowered its profit forecast for the full year on Tuesday, partly due to special charges related to alleged false financial reporting by its former chairman, Carlos Ghosn. Nissan Motor Co.'s profit in the October-December quarter was 70.4 billion yen ($637 million), down from 301.6 billion yen the previous year, he International New York Times reported on an Associated Press story. Quarterly sales grew 6 percent to 3.05 trillion yen ($27.5 billion). The main factor behind the sharp weakening in profit for the fiscal third quarter was the absence of a lift from U.S.

Chinese investors are snapping up the safest assets in the bond market, complicating authorities’ efforts to help revive the economy by directing funds into cash-strapped private firms, Bloomberg News reported. Traders are piling into corporate debt with high credit ratings, and bonds sold by the central government and local authorities, according to data compiled by Bloomberg. Junk notes, many of which are sold by the kind of smaller private companies that officials vowed to support, are falling out of favor; spreads are at the widest in almost seven years.

Indiabulls Asset Management and DHFL Pramerica Mutual Fund have seen their assets plunge by more than half in the December quarter. That shows fears of India’s non-bank finance companies still linger, Bloomberg News reported. The dwindling in assets is the most among any mutual-fund company in India during the period, data compiled by Bloomberg show.

Two large Chinese borrowers missed payment deadlines this month, underscoring the risks piling up in a credit market that’s witnessing the most company failures on record, Bloomberg News reported. China Minsheng Investment Group Corp., a private investment group with interests in renewable energy and real estate, hasn’t returned money to bondholders that it had pledged to repay on Feb. 1, according to people familiar with the matter. And Wintime Energy Co., which defaulted last year, didn’t honor part of a restructured debt repayment plan last week, separate people said.

The laundry list of allegations against Malaysia’s former leader Najib Razak for his role in 1MDB points to a lengthy road ahead as his trial begins on Tuesday, Bloomberg reported. The 42 counts of corruption and money laundering charges offer a window into the complex web of transactions surrounding 1Malaysia Development Bhd., the state fund that lies at the center of globe-spanning investigations involving about $4.5 billion of allegedly misappropriated funds. The probes have led to dozens of allegations against Najib, who has pleaded not guilty, while ensnaring Goldman Sachs Group Inc.

The Ruia family, mounting one legal battle after another to thwart Essar Steel Ltd.’s insolvency resolution, faces a fresh setback. Lenders to the Essar Group’s power companies have filed recovery cases to invoke personal guarantees provided by the promoters, two people aware of the development told BloombergQuint. Private lender ICICI Bank Ltd., and state-run IDBI Bank Ltd. moved various benches of the debt recovery tribunal, the people said without willing to be identified as they are not authorised to speak to the media. ICICI Bank Ltd.

Turkish banks have not been receiving compensation since August for non-performing loans made to companies covered by guarantees from the state Credit Guarantee Fund (KGF), five sources familiar with the matter said. The KGF is designed to stimulate the economy by guaranteeing loans to small- and medium-sized firms that could not otherwise obtain credit, Reuters reported. Such loans were widely used in 2017 to boost the economy, prompting the biggest credit growth in recent years.

The benchmark equity gauge of India’s 50 biggest companies reclaimed the 11,000 level after four months on Wednesday, but not all investors are celebrating. Only a handful of stocks, including Reliance Industries Ltd. and software exporters Infosys Ltd. and Tata Consultancy Services Ltd. have driven the gains in the NSE Nifty 50 Index since the year started, Bloomberg News reported. What’s more, about 40 percent of the gauge’s members are trading below their prices from three months ago, data compiled by Bloomberg show.

Prayers for a sudden return to dovish monetary policies have been answered, and now investors are living with the aftermath: a world awash with $8.6 trillion in negative-yielding debt, Bloomberg News reported. That’s one reason money managers are wading once more into the fringes of fixed-income markets across the globe. Consider the action over the past week: Serial defaulter Ecuador managed to sell $1 billion in new bonds even as the government is in talks for International Monetary Fund financing.