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China Central Bank Calls for More Loans to Farms

productivity. The central bank said outstanding loans to agriculture totaled 23.6 trillion renminbi, or $3 ... percent last year, 0.7 percentage point higher than the rise in overall loans, it said. Farm loans made by ...

Daily Headline - global.abi.org - 03/25/2015 - 22:30 - 0 comments

Sunac’s Chairman Sun Says Kaisa Debt Proposal ‘Reasonable’

Sunac China Holdings Ltd. Chairman Sun Hongbin defended Kaisa Group Holdings Ltd.’s debt-restructuring proposal, saying it’s “reasonable” and that his company may seek other opportunities if its planned acquisition fails. Sunac won’t let the purchase of ...

Daily Headline - global.abi.org - 03/24/2015 - 20:27 - 0 comments

Hong Kong Ombudsman Slams Student Loan Scheme Over 13,000 Default Cases

loaned out between HK$1 billion and HK$1.3 billion annually over the past three years. In 2013-14, the ... was also criticised by the Ombudsman for its loose vetting of loan applicants, with only 0.21 per ...

Daily Headline - global.abi.org - 03/24/2015 - 20:28 - 0 comments

China Internet Company Yielding 18% Shows Default Risks Brewing

Bonds of 11 Chinese companies now yield more than 15 percent as investors brace for the nation’s second onshore default amid record maturities in the coming quarter, Bloomberg News reported. Companies in Asia’s largest economy need to repay 1.5 trillion ...

Daily Headline - global.abi.org - 03/23/2015 - 20:37 - 0 comments

EU Official Says Neglect Pushed China to Set Up Development Bank

The U.S. and Europe are to blame for China’s formation of its own development bank after the Asian power was neglected in the structures of existing international banks, a top European Union official said Saturday, The Wall Street Journal reported. “ ...

Daily Headline - global.abi.org - 03/22/2015 - 22:01 - 0 comments

Japan’s Recovery Is Complicated by a Decline in Household Savings

The country’s savings rate, long one of the highest in the world, is now below zero. In short, Japan’s citizens are spending more than they earn, the International New York Times reported. By comparison, the rate in the United States, where consumers ...

Daily Headline - global.abi.org - 03/19/2015 - 22:33 - 0 comments

Chinese Developer Evergrande Gets $16 Billion Lifeline Amid Slump

Chinese banks have extended $16 billion in credit lines to shore up one of the country’s largest and most heavily indebted home builders, as pressure mounts on developers short of cash in a slumping property market, the International New York Times D ...

Daily Headline - global.abi.org - 03/17/2015 - 20:48 - 0 comments

Further Delay For Insolvency Framework

The five bills that make up the insolvency framework will not be heading to the plenum on Thursday as more time is needed to process them but an effort will be made to get them there before Easter, lawmakers said on Tuesday, Cyprus Mail reported. The ...

Daily Headline - global.abi.org - 03/17/2015 - 20:49 - 0 comments

As Cyprus Recovers From Banking Crisis, Deep Scars Remain

The financial world has pretty much moved on since Cyprus was briefly the epicenter of market anxiety. Two years ago this month, the country's banks failed en masse, A.T.M.s were rationing cash, and the integrity of the eurozone hung in the balance, ...

Daily Headline - global.abi.org - 03/16/2015 - 20:01 - 0 comments

Daebo Files Chapter 15

South Korean bulker operator Daebo International Shipping has filed for bankruptcy protection in the Southern District of New York, TradeWinds News reported. The Chapter 15 petition follows an application to commence rehabilitation proceedings in the ...

Daily Headline - global.abi.org - 03/16/2015 - 20:02 - 0 comments

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