[BEIJING] China is zooming to a record year of corporate-bond defaults, with the 2018 total already more than three-quarters of the previous high even before an expected economic slowdown bites.

CHINA Energy Reserve & Chemicals Group said it hasn't paid a US$350 million bond that matured earlier this month, in the latest example of China's deleveraging campaign choking off...

HSIN Chong Group Holdings Ltd is set to become the second Asian company to default on its US dollar bonds this year, the latest sign of rising borrowing costs impacting weaker firms' ability to...