TOKYO -- Investors' rush for cover has pushed yields on even long-term Japanese government debt into negative territory, signaling a need for concerted action to tame rampant alarm about the global economy.
Global companies and financial institutions are being forced to plead with investors to stay on board. Deutsche Bank is attempting to assuage worries that it will miss coupon payments amid troubling signs from the derivatives market. U.S. oil developer Chesapeake Energy insists that it "currently has no plans to pursue bankruptcy" in response to its sliding shares.
