coal mining

An aerial overview of the Peabody Energy

Bankruptcy Looms Over Peabody Energy, Files Chapter 11 Sooner or Later

Peabody is facing difficulties as it shares declined sharply the past year. It is considering to file Chapter 11 sooner or later to protect it from creditors while restructuring the company and recovers from the large loss.

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Factory worker

China's November industrial profits suffer sharpest fall in 27 months

Chinese industrial profits dropped 4.2 percent in November to 676.12 billion yuan ($108.85 billion), official data showed on Saturday, the biggest annual decline since August 2012 as the economy hit major unexpected headwinds in the second half.

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