Chinese stocks rebounded sharply on Tuesday after the government took further steps to rein in short-sellers, the International New York Times reported. The main Shanghai share index closed 3.7 percent higher, reversing three days of losses, after the country’s two main stock exchanges said they would make it more difficult for investors to bet on falling share prices.

Since the collapse last year of Mt. Gox, the exchange that served as the largest hub for storing and trading the virtual currency Bitcoin, law enforcement officials and angry clients have been asking what happened to nearly half a billion dollars in Bitcoins that the company said had vanished from its computer systems.

A unit of Indonesian coal miner PT Berau Coal Energy Tbk has filed a petition to have a debt moratorium granted by a Singapore court recognized in the United States, in a move to stave off creditors, Reuters reported. On July 7, the Singapore High Court imposed a moratorium preventing any creditor of Berau Capital Resources Pte Ltd from enforcing its rights against Berau Capital, its parent company or the guarantors of Berau Capital's $450 million bond. The moratorium, which lasts until Jan. 4, effectively bought time for Berau to negotiate with bondholders.

Some of the world’s largest companies have sounded the alarm about the slowdown in the Chinese economy, warning that weaker growth would hit profits in the second half of the year, the Financial Times reported. Car companies such as PSA Peugeot Citroën, Audi and Ford have slashed growth forecasts while industrial goods groups such as Caterpillar and Siemens have all spoken out on the negative impact of China.

Chinese shares bounced back more than 3 percent on Wednesday, as Beijing's latest efforts to prop up values restored a measure of stability to its unruly stock market, the International New York Times reported. After a dramatic plunge of more than 8 percent in Chinese stocks on Monday, China's securities regulator announced probes into share "dumping" and pledged to buy stocks to calm the market, while the central bank hinted at more policy easing.

Instability continued to roil China’s stock markets on Tuesday in spite of new pledges of support from the government, the International New York Times reported. Coming off its biggest one-day decline since 2007, Shanghai’s main share index seesawed throughout Tuesday — falling as much as 5 percent as trading opened and rising 1 percent at one point — to end down 1.7 percent. The precarious display on China’s bourses after several weeks of relatively calm movements has shaken global financial markets.

The Chinese government is struggling to contain the collapse of a stock-market rally it helped engineer, announcing late Monday that it will step up its purchases of shares to prop up sagging indexes, The Wall Street Journal reported. Chinese shares suffered their biggest one-day percentage drop in over eight years Monday, wiping out hundreds of billions of dollars of market value and putting an end to a three-week period of stability Beijing had achieved by intervening with stock purchases and other steps to stop the market’s slide.

The cost of completing the stalled $3.5 billion Baha Mar mega-resort in the Bahamas has risen to $400 million, according to a letter from the project's developer. Baha Mar Ltd, run by Sarkis Izmirlian, has offered to invest $200 million in the project alongside the resort's main lender, China's Export-Import Bank, according to a letter viewed by Reuters.

The number of people going bankrupt has ticked up for the first time since 2009 when fallout from the global financial crisis reached its peak, The New Zealand Herald reported. Figures from the Insolvency and Trustee Services show 1979 people went bankrupt in the year to June 30, up from 1921 the previous year. The increase is small but it is a change in direction from the past five years where numbers have steadily fallen from the 3054 people who went bankrupt in the year to June 30, 2010.

For Hong Kong, it's been one thing after another. A series of anti-China and pro-democracy protests last year prompted stores to close and mainland tour groups to cancel bookings. Meanwhile, a slowing Chinese economy and President Xi Jinping's anti-corruption and austerity campaigns have also made the Chinese more wary of buying pricey cognac and Gucci bags in the city. While still the biggest outbound destination for Chinese tour groups, Hong Kong is in danger of losing its lead.