Asia

Results for Asia

Rich Singapore Investors Stuck as Local Bond Restructuring Drags

Singapore is ranked the second most competitive economy globally by the World Economic Forum, and is actually faster than most other countries in resolving insolvencies involving assets of all kinds, according to the World Bank, Bloomberg News reported. ...

Daily Headline - global.abi.org - 07/24/2017 - 21:12 - 0 comments

Modi's Bad-Loan Efforts Endorsed by Most Valuable India Bank

India is making good progress in dealing with bad loans that are weighing down on the country’s banks, suggesting long-term valuations for the financial industry are set to improve, according to the head of HDFC Bank Ltd, Bloomberg News reported. The res ...

Daily Headline - global.abi.org - 07/24/2017 - 21:13 - 0 comments

The Debt Threat Lurking Behind India's Zombie Power Plants

In the central Indian village of Raikheda, the construction of a thermal coal power plant once promised jobs and economic progress. Years after its completion though, the debt-saddled project that promised power supply to hundreds of thousands of homes, ...

Daily Headline - global.abi.org - 07/23/2017 - 21:56 - 0 comments

Defaults Remain Rare in China’s Bond Market

China’s bond market may have had a tricky year, with rising borrowing costs and a downturn in new issuance. But there’s one apparent bright spot—fewer bonds are going bad. The number of defaults on Chinese corporate bonds dropped to just 23 in the first ...

Daily Headline - global.abi.org - 07/20/2017 - 21:18 - 0 comments

China's Deleveraging Campaign Takes On Toughest Target Yet

In a related story, Bloomberg News reported that China’s deleveraging campaign is taking on its toughest target yet: the public sector itself. While up to now policy makers have focused on a build-up of liabilities at smaller banks and big private-sector ...

Daily Headline - global.abi.org - 07/20/2017 - 21:20 - 0 comments

Indian Banks Need at Least $2.8 Billion Extra Provisioning for Bankruptcy Cases

Indian banks taking 12 of the country's largest defaulters to bankruptcy court under a central bank directive, will need to make additional provisioning of at least 180 billion rupees ($2.8 billion), India Ratings and Research said on Tuesday. India ...

Daily Headline - global.abi.org - 07/18/2017 - 22:17 - 0 comments

China Could Have a Say on Venezuela's Future

More than 7 million Venezuelans went to the polls to vote against President Nicolas Maduro last weekend. But the more consequential opinion on Maduro's future may belong to China, Venezuela's biggest creditor and one of the few likely sources o ...

Daily Headline - global.abi.org - 07/18/2017 - 22:18 - 0 comments

Investors Back Restructuring of International Bank of Azerbaijan

Azerbaijan’s biggest bank has begun preparations to be sold to private investors next year after completing a $3.3bn debt restructuring, according to its chairman. State-owned International Bank of ... after completing a $3.3bn debt restructuring, according to its chairman. ...

Daily Headline - global.abi.org - 07/18/2017 - 22:19 - 0 comments

India Court Dismisses Essar Steel Appeal Against Bankruptcy Proceedings

India's Gujarat High Court on Monday dismissed Essar Steel India Ltd's appeal against a central bank order that asked creditor banks to start insolvency proceedings against the steelmaker, lawyers on the case said. The ruling is a boost to the ...

Daily Headline - global.abi.org - 07/17/2017 - 22:20 - 0 comments

China's Economy Charges On as Officials Target the Risk 'Rhino'

China’s economy grew faster than expected in the second quarter, putting the nation on track to meet its growth target this year and giving backing to officials in their campaign to corral oncoming financial risk, Bloomberg News reported. Data showing th ...

Daily Headline - global.abi.org - 07/17/2017 - 22:21 - 0 comments

Syndicate content