Photo; Reuters, Shannon Stapleton

Shares of US retailer Sears saw their biggest decline in six weeks after the company admitted to having “serious doubts” about the future. Bloomberg reports that the company’s latest annual report suggested weak earnings could threaten the firm’s ability to keep operating. Fitch Ratings said last year that, what was once the world’s largest retailer, is at a high risk of defaulting.

Asia Times Financial is now live. Linking accurate news, insightful analysis and local knowledge with the ATF China Bond 50 Index, the world's first benchmark cross sector Chinese Bond Indices. Read ATF now.