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Finance & Markets

Russia’s largest state banks face surging defaults and deteriorating loan portfolios

Russia’s largest state banks, Sberbank and VTB, are battling a sharp deterioration in loan quality and surging defaults, forcing both giants to heavily increase their credit loss reserves, Ukraine’s Foreign Intelligence Service (SZRU) reported on August 6.

Russia’s largest state banks face surging defaults and deteriorating loan portfolios

We haven't written up this one. New Voice of Ukraine has the full story — the link below goes straight to it.

Read the original at english.nv.ua →

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China’s exports slow slightly in July despite robust demand for high-tech products

BANGKOK (AP) — China’s exports slowed slightly in July from the month before despite robust demand for high-tech electronics and vehicles.

  • China's exports decreased slightly in July, down from June's $125.6 billion to $112.5 billion.
  • High-tech electronics and vehicles saw robust demand, driving export growth.
  • Typhoons disrupted port operations, contributing to the trade slowdown.

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