Workers at a steel factory in Dalian, China. As China's stunning economic performance over recent decades has become difficult to sustain, the country has used debt to fuel growth.
Markets were mostly higher on Thursday after U.S. Federal Reserve May meeting minutes indicated an unwinding of its balance sheet likely towards year-end and as investors look ahead to an OPEC gathering widely expected to extend output cuts.
LONDON A judge has given Royal Bank of Scotland (RBS.L) and thousands of investors until June 1 to agree a deal that would avert a trial over the bank's 12 billion pound cash call in 2008.
Nissan's Sunderland factory is one of the biggest carmakers in the UK. Photograph: Chris Ratcliffe/Bloomberg/Getty Images. Automotive industry.
The debt of British households will hit a record high next year, new estimates show, surpassing the pre-financial crisis peak as a surge in credit card borrowing has financed extra spending in recent months.