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Venezuela Secures $5 Billion China Loan

China will loan Venezuela $5bn to boost oil output, the Venezuelan president said in a televised broadcast from Beijing, in a show of continued support for the troubled Latin American economy from one of its main creditors, the Financial Times report ...

Daily Headline - global.abi.org - 09/02/2015 - 20:34 - 0 comments

Devaluation Strengthens China’s Hand at IMF

China’s sudden decision last month to devalue its currency riled neighbors and fueled investors’ fears about a sharp slowdown in the world’s No. 2 economy. But the move has won over the International Monetary Fund and even secured restrained praise from ...

Daily Headline - global.abi.org - 09/02/2015 - 20:36 - 0 comments

China Boosts Efforts to Keep Money at Home

China is imposing fresh controls to prevent too much money from leaving the country, in an effort to keep badly needed funds at home to battle a deepening slowdown in the world’s No. 2 economy, The Wall Street Journal reported. The country’s central ...

Daily Headline - global.abi.org - 09/01/2015 - 19:48 - 0 comments

A Major Warning From One Of The Most Reliable Bellwethers Of The World Economy

South Korean exports in August plunged 14.7% from a year ago, Business Insider reported. This was much worse than the 5.9% decline expected by economists. And it was the biggest drop since August 2009. This is a troubling sign, as Korea's export ...

Daily Headline - global.abi.org - 09/01/2015 - 19:49 - 0 comments

China’s Wealthy Look To Raise Overseas Investments

China’s wobbly response to the bursting of its stock market bubble, the sudden devaluation of the renminbi and the mystery over the true health of the country’s economy continue to spook investors, large and small, the Financial Times reported. But C ...

Daily Headline - global.abi.org - 08/31/2015 - 20:11 - 0 comments

Toshiba Scandal Continues As More Accounting Errors Found

Toshiba again delayed announcing its annual financial results on Monday, as new accounting errors prevented the company from drawing a line under Japan’s worst corporate scandal in four years, the Irish Times reported. Toshiba, which was scheduled to ...

Daily Headline - global.abi.org - 08/31/2015 - 20:12 - 0 comments

Zombie Factories Stalk the Sputtering Chinese Economy

To protect jobs and plants, the Chinese government and its state-owned banks sometimes keep money-losing businesses on life support by rolling over or restructuring loans, providing fresh credit or offering other aid. While this may seem like an odd busi ...

Daily Headline - global.abi.org - 08/30/2015 - 16:51 - 0 comments

Consumer Anxiety in China Undermines Government’s Economic Plans

In recent days, an advice column has circulated widely on China’s most popular social media phone app. Titled “Guide on Safe Passage Through the Economic Crisis,” it is aimed at young Chinese urban professionals, the International New York Times repo ...

Daily Headline - global.abi.org - 08/30/2015 - 16:52 - 0 comments

Japan’s Expectations for Growth Fall With Spending

household spending fell 0.2 percent in the year to July. Many analysts expect prices to slide in coming ...

Daily Headline - global.abi.org - 08/30/2015 - 16:52 - 0 comments

Market Turmoil Seen Spurring China Property Purchases Overseas

Composite Index rose 5.3% on Thursday. Any rise in Chinese investment would come despite the yuan’s ...

Daily Headline - global.abi.org - 08/27/2015 - 21:38 - 0 comments

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