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As a low-interest-rate environment compelled investors to make riskier investments, the share of debt owed by firms with weak debt repayment capacity has risen to a "sizable" level in several major economies, and could reach post-global financial crisis levels in the event of a material economic downturn, the IMF said.

As he rushed to Tongling on July 11, he wept when he saw the flooded houses. He knew all too well the fear and hardship that accompanied the water's wrath.

As a step to integrate the two markets, China has allowed a larger scope of banking institutions, including foreign ones, to take part in spot-market auction trading of exchange market-listed bonds after they opened accounts at the market since last August.

As for Amazon’s wins, “Manchester by the Sea” star Casey Affleck won the best actor Oscar for his role as a man who returns to his hometown to care for the teenage son of his deceased brother.

As a large portion of Chinese households' wealth was locked up in the property market, consumption could not grow faster. Even per-capita income is growing at a steady, not heady, rate. On the other hand, high property prices have pushed up the leverage level in the household sector.