Auditor Warns of Risks From Local Debt in China

SHANGHAI — The head of China’s national audit office warned on Monday that the country was facing growing risks because of a sharp rise in local government debt and poor controls over borrowing by investment companies set up by municipalities, provinces and other bodies.

Hong Kong Budget Addresses Causes and Effects of Occupy Protests

HONG KONG — Two months after protesters were cleared from the streets, the Hong Kong government announced on Wednesday a budget with tax breaks and other economic support for lower- and middle-class residents, and for the businesses it said had been disrupted by the demonstrations.

Russia Sees Euro, Dollar Investments at Risk in Ukraine Backlash

Sanctions over Ukraine may threaten Russia’s investments in assets denominated in euros and U.S. dollars, Economy Minister Alexei Ulyukayev said, urging the use of the nation’s wealth funds for domestic projects.