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Fosun Ups Bid For Portugal's Espirito Santo Healthcare Unit

Mexico's Grupo Angeles, the first to bid for ESS. Angeles initially offered 4.3 euros a share for the ...

Daily Headline - global.abi.org - 09/28/2014 - 21:05 - 0 comments

China Slowdown Threatens Timetable For Financial Reform

China is likely to delay its financial reform agenda in favour of stabilising growth, economists and investors say, in a move that could hinder efforts to correct distortions in the economy, the Financial Times reported. Deregulation of interest rate ...

Daily Headline - global.abi.org - 09/28/2014 - 21:07 - 0 comments

China Uncovers Almost $10 Billion in Fraudulent Trade-Financing Deals

A Chinese probe into trade financing found nearly $10 billion in fake deals, a senior official said, in the latest warning over practices that raised concern over potential losses among foreign and Chinese banks this year. The Wall Street Journal rep ...

Daily Headline - global.abi.org - 09/25/2014 - 22:27 - 0 comments

Pantech Offered For Sale Under Receivership

South Korea's No. 3 smartphone maker, Pantech Co., which has been under court receivership, ... from potential buyers until 3 p.m. on Oct. 7. The move came as the creditors took into account the fact that Pantech's liquidating value stands at 189.5 billion won (US$182.3 million), whereas its ...

Daily Headline - global.abi.org - 09/24/2014 - 21:11 - 0 comments

China’s Big Four Banks May Ease Mortgage Policies

ownership since 2010 had removed or eased such restrictions as of Sept. 3 to stem the decline in sales, many ...

Daily Headline - global.abi.org - 09/22/2014 - 22:34 - 0 comments

China Risks ‘Balance-Sheet Recession’ As Stimulus Impact Wanes

China has launched a fresh effort to boost its flagging economy with cash injections by the central bank, but signs are mounting that monetary stimulus is losing its effectiveness as debt-ridden companies lose their appetite for borrowing even at low rat ...

Daily Headline - global.abi.org - 09/21/2014 - 19:25 - 0 comments

Another Rural Bank Placed Under PDIC Receivership

Another rural bank has been shuttered by the Bangko Sentral ng Pilipinas, ABS-CBN News reported. The Monetary Board (MB) placed the Rural Bank of Padre Burgos (Southern Leyte), Inc. under the receivership of the Philippine Deposit Insurance Corporation ( ...

Daily Headline - global.abi.org - 09/18/2014 - 21:36 - 0 comments

Krugman Warns Abe on Tax Increase

Economist Paul Krugman thinks that if Japan’s sales tax reaches 10%, it could mean a disastrous return to deflation, The Wall Street Journal Japan Real Time blog reported. In an interview published this week in Shukan Gendai, a weekly Japanese magazi ...

Daily Headline - global.abi.org - 09/18/2014 - 21:36 - 0 comments

Ailing Ultrasonic In Bank Talks To Avoid Insolvency

Ultrasonic launched talks with creditors to try and avoid an insolvency and formally fired its two top executives on Thursday after they disappeared along with the Chinese shoemaker's cash, Reuters reported. Earlier this week, the German-listed firm ...

Daily Headline - global.abi.org - 09/18/2014 - 21:39 - 0 comments

Canada - China Agreement to Promote and Protect Reciprocal Investment Coming into Force

In a major step to facilitate and grow trade and investment between Canada and the People's Republic of China, the two countries signed a Foreign Investment Promotion and Protection Agreement (FIPA) in September 2012. The FIPA has now been ratified ...

Resource Article - abi_admin - 09/17/2014 - 10:31 - 0 comments - 1 attachment

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