The long-awaited bump in bankruptcy filings has arrived, as submissions under chapter 11 rose 77% in July. There were 637 filings under chapter 11 of the bankruptcy code last month across the U.S, compared with 359 at the same time last year. It is the most monthly new chapter 11 filings in nearly three years. Source The Wall Street Journal
Nigeria will increase its oil production to 1.8 million barrels per day in 2019 and raise condensate production to 0.5 million bpd, the managing director of Nigerian state oil firm NNPC said on Tuesday. Source: Reuters
China said it will continue pursuing negotiations with Canada on a free-trade deal after assurances that a recently settled North American trade agreement would not stop Ottawa from signing deals with other countries. Source: South China Morning Post
Japan’s economy shrank for a second time this year after an earthquake, typhoons and torrential rain battered production at home and exports declined amid softer demand overseas. Source: The Indian Express
