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Japan Public Debt is Keeping BNP's Chief Credit Analyst Awake at Night

For most of her career, Mana Nakazora has taken a pre-dawn train to work regardless of whether she arrived home just hours earlier, Bloomberg News reported. Her colleagues describe BNP Paribas SA’s Tokyo head of investment research as a powerhouse, and s ...

Daily Headline - global.abi.org - 03/03/2015 - 21:35 - 0 comments

China Developer Kaisa Announces Onshore Debt Restructuring Plan

Troubled Chinese property developer Kaisa Group announced an onshore debt restructuring plan involving 48 billion yuan ($7.6 billion) in a move aimed at restoring the financial and operational stability of the company. The debt plan, which would not enta ...

Daily Headline - global.abi.org - 03/02/2015 - 21:36 - 0 comments

China Official PMI Shrinks for a Second Straight Month

Hours after China's central bank cut interest rates to battle slowing growth and rising deflationary risk, an official survey showed on Sunday that activity in China's factory sector contracted for a second straight month in February, the Int ...

Daily Headline - global.abi.org - 03/01/2015 - 20:33 - 0 comments

China's Shandong Calls In African Minerals Debt

African Minerals said on Friday its Chinese partner in its sole asset, the Tonkolili iron ore project in Sierra Leone, has taken on some of its multi-million dollar debt and is demanding repayment, Reuters reported. The loan is secured against certain as ...

Daily Headline - global.abi.org - 03/01/2015 - 20:37 - 0 comments

More Delays With Cyprus Insolvency Framework

The four of five bills comprising the insolvency framework will not be tabled to the House Plenary today, as the Budgetary and Interior Committees could not conclude the discussion of the four bills, Chairman of the Budgetary Affairs Committee Nicolas Pa ...

Daily Headline - global.abi.org - 02/26/2015 - 20:58 - 0 comments

Spooked by Yuan Drop: China’s Megarich

China’s superrich are nervously watching as the Chinese currency weakens against the dollar, The Wall Street Journal reported. Because of the extreme concentration of money at the apex of Chinese society, national stability rests to an extraordinary ...

Daily Headline - global.abi.org - 02/24/2015 - 20:51 - 0 comments

In Hong Kong, Grandma Has To Find A Job

Eighty-six years old and still job hunting. Wong Siu-ying had to stop passing out leaflets on a Hong Kong flyover when she hurt her knee in August. With two-thirds of her social security income spent on rent and no steady allowance from her three childre ...

Daily Headline - global.abi.org - 02/24/2015 - 20:52 - 0 comments

Japan's ANA Says Considering Investment In Bankrupt Skymark Airlines

Japan's biggest airline, ANA Holdings Inc, said it was considering injecting capital into Skymark Airlines Inc as part of a rehabilitation plan for the bankrupt domestic budget carrier, Reuters reported. Besides ANA, other investors have also expres ...

Daily Headline - global.abi.org - 02/23/2015 - 21:27 - 0 comments

Third Dry-Bulk Shipper Files For Bankruptcy As Rates Tumble

A third dry cargo shipper has filed for bankruptcy this month following a collapse in freight rates to historic lows in what shippers call the worst market conditions since the 1980s, Commodities Now reported. South Korea's Daebo International S ...

Daily Headline - global.abi.org - 02/23/2015 - 21:31 - 0 comments

India’s Overleveraged Companies Seek New Dawn

India’s legion of heavily indebted companies took heart last week as shares in Suzlon Energy soared nearly a third on news that the ailing wind-turbine manufacturer had sold a 23 per cent stake to Dilip Shanghvi, the billionaire pharmaceutical tycoon, fo ...

Daily Headline - global.abi.org - 02/22/2015 - 23:26 - 0 comments

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