The collapse in oil prices has sent three-dozen companies into bankruptcy court this year—and that might not be nearly enough to balance the glutted market. Thirty-seven North American oil and gas producers havefiled chapter 11 cases in 2015, according to law firm Haynes and Boone LLP. Source: WSJ
Norway’s sovereign wealth fund hit $1 trillion for the first time on Tuesday, driven higher by climbing stock markets and a weaker U.S. dollar. Source: Bloomberg
The Federal Reserve has said that it will start to run down some of the investments it made to boost the US economy after the financial crisis. In October the Fed will start to reduce a $4.2trn portfolio of US Treasury bonds and mortgage-backed securities, it said. Source: BBC News
S&P Global Ratings downgraded China’s long-term sovereign credit rating by one notch on Thursday to A+ from AA-, citing increasing risks from the country’s rapid build-up of credit. Source: Reuters
