Results for Asia
- Suntech's Local Creditors Claim $2.5 Billion As Restructuring Starts
Local creditors of Wuxi Suntech, the bankrupt unit of Chinese solar panel maker Suntech Power Holdings Co Ltd, on Wednesday claimed the subsidiary owed them a combined $2.5 billion, at the start of a debt restructuring process expected to last months. Wu ...
Daily Headline - global.abi.org - 05/22/2013 - 20:34 - 0 comments
- Elpida Seeks Court Approval For Sale To Micron
Japan's Elpida Memory Inc asked U.S. Bankruptcy Court in Delaware on Wednesday to enforce its reorganization plan sale to Micron Technologies Inc, a final step to creating the world's second-largest maker of memory chips, Thomson Reuters News & ...
Daily Headline - global.abi.org - 05/22/2013 - 20:35 - 0 comments
- Japanese Court Ruling Favors Elpida Takeover By Micron
Micron Technology Inc. moved a step closer to its takeover of bankrupt Japanese memory chip producer Elpida Memory Inc. this week, The Idaho Statesman reported. The Tokyo High Court tossed out an appeal by creditors to a Tokyo District Court's a ...
Daily Headline - global.abi.org - 05/16/2013 - 22:05 - 0 comments
- Creeping Shadows: Now China’s Brokerages Are Making Loans
Having trouble borrowing from the banks? Or trusts? Or pawn shops, underground lenders, wealth management products, corporate finance companies, or small-loan companies? Don’t worry. China’s securities companies are also in the loan game, The Wall Stre ...
Daily Headline - global.abi.org - 05/15/2013 - 21:06 - 0 comments
- Suntech Reaches New Forbearance Deal with Bondholders
Suntech Power Holdings Co. reached a new forbearance agreement with the majority of holders of the company's 3% convertible notes, giving the solar-panel maker more time to work on its ... new forbearance agreement with the majority of holders of the company's 3% convertible notes, ...
Daily Headline - global.abi.org - 05/15/2013 - 21:07 - 0 comments
- IMF Board OKs Cyprus Loan, Warns Of Risks
The International Monetary Fund's executive board approved a $1.3 billion (853.7 million pounds), three-year loan to Cyprus on Wednesday, part of a larger international bailout to help the ... (Asia, Cyprus) The International Monetary Fund's executive board approved a $1.3 billion (853.7 ...
Daily Headline - global.abi.org - 05/15/2013 - 21:08 - 0 comments
- Tata Steel Reveals $1.6 Billion Writedown
with Indian operations since Vodafone of the UK took a £2.3bn impairment charge on its unit in the ...
Daily Headline - global.abi.org - 05/13/2013 - 21:35 - 0 comments
- Vietnam Cuts Rates to Boost Lending
only 1.4% in the first four months of the year, much lower than the 5.3% rise in dong deposits during ...
Daily Headline - global.abi.org - 05/12/2013 - 21:42 - 0 comments
- Japan Dials Back Plans to Overhaul Labor Laws
Japanese Prime Minister Shinzo Abe, who is to announce next month his much-anticipated strategy for economic growth, has quietly put aside plans to overhaul a rigid labor system that is blamed for many of the woes facing once-dominant Japanese corporatio ...
Daily Headline - global.abi.org - 05/09/2013 - 20:05 - 0 comments
- UN Warns Global Youth Unemployment Will Continue To Rise
Global youth unemployment is set to continue growing over the next five years, putting a generation at risk of lasting damage to their earnings potential and job prospects throughout their lives, the International Labour Organisation has warned, the Fi ...
Daily Headline - global.abi.org - 05/08/2013 - 21:49 - 0 comments