META CEO TELLS EMPLOYEES HE DOES NOT EXPECT MORE COMPANY-WIDE LAYOFFS THIS YEAR -INTERNAL MEMO

THAILAND TO ALLOW EXPORT OF JET FUEL TO VIETNAM AND PHILIPPINES - NATIONAL SECURITY COUNCIL CHIEF

Chinese investors are increasingly frustrated by fragmented disclosure practices among risky borrowers, complicating distressed debt investing. Some China Vanke bondholders missed an April early repayment deadline after failing to locate reminder notices, while two rural banks disclosed deferred coupon payments only via email. Though not rule violations, such practices highlight transparency challenges in China’s credit market despite Beijing’s push to unify disclosure standards, particularly as developer defaults rise.