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China regulator fines 15 tutoring firms for false advertising, fraud

China's market regulator fined 15 private tutoring firms for combined 36.5 million yuan ($5.73 million) for false advertising and pricing frauds, state media the People's Daily reported on Tuesday. ....

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Montenegro's Chinese-funded highway to replace 'death road'

By Reuters Staff
3 Min Read
SMOKOVAC, Montenegro, June 1 (Reuters) - Montenegro’s new Chinese-funded highway has become a huge financial burden and political football but it is also a long overdue replacement of what Montenegrans have nicknamed “death road”.
A NATO member and a European Union membership candidate, Montenegro borrowed 809 million euros ($990 million) from China’s Export-Import Bank in 2014 to pay for 85% of the first section of the road, which eventually will link the Adriatic port of Bar and Montenegro’s landlocked neighbour Serbia.
The loan sent Montenegro’s debt soaring to 97% of economic output. Last week, finance minister Milojko Spajic called it the most expensive highway in the world although he said the country had the funds to repay the debt. ....

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Australian shares slide on rising COVID-19 cases; tech stocks drag

Australian stocks slid on Tuesday as rising COVID-19 cases in the state of Victoria dented sentiment, with investors eyeing a rate decision by the country's central bank later in the day. ....

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Canada's Alberta province back in favor with bond investors as oil rallies

Investors see less risk in Alberta's bonds, brushing aside a recent credit rating downgrade, as surging energy prices boost the outlook for the province's finances and oil sands operators begin to address the sustainable investment trend. ....

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Japanese shares end higher as vaccine progress spurs recovery bets

Japanese shares ended higher on Friday, as investors swooped on stocks related to the sell-off prompted by MSCI's reshuffle in the previous session, while a steady vaccine rollout whetted risk appetite on hopes of a swift economic recovery. ....

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