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Chinese developer sinic holdings has defaulted on $246 million of bonds. it comes just days before a critical deadline for evergrande to pay some of its offshore bondholders. there's fear of the potential spillover effect on the chinese economy caused by a collapse of the property giant. the uk's financial conduct authority has fined credit suisse over £147 million for serious financial crime due diligence failings related to loans worth over us$1.3 billion, which the bank arranged for the republic of mozambique. these loans and a bond exchange were tainted by corruption. credit suisse has al...

Mitt romney released a web video accusing obama of crass cronyism, rewarding donors with stimulus funds and government contract and jobs. >> this a tough time for people of america. if you are a campaign contributor to obama your business may get millions of dollars in cash from the got. i thin -- cash from the governm. it's wrong and stinks to high heaven. >> they cited two ill-fated loans worth $5 million that the state of massachusetts gave when romney was governor to companies made by donors to romney gubernatorial campaign. >> release tax returns tomorrow. it's crazy. >> despite friendly ...