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Malaysia to Dissolve 1MDB Board Headed by Prime Minister Najib Razak

Malaysia will dissolve the advisory board of a state-investment fund headed by Prime Minister Najib Razak, as global investigations into 1Malaysia Development Bhd. continue, The Wall Street Journal reported. The dissolution comes nearly a month after ...

Daily Headline - global.abi.org - 05/04/2016 - 20:49 - 0 comments

China’s Steel Makers Undercut Rivals as Economy Slows

The steel industry sits at the crux of a major debate playing out across the world economy, one that could soon be intensified by a looming change in the global trade rules, the International New York Times reported. As China’s economy has slowed, th ...

Daily Headline - global.abi.org - 05/03/2016 - 20:30 - 0 comments

China Financial Regulator Clamps Down On Shadow Banking

China’s banking regulator is cracking down on financial engineering that Chinese banks have used to disguise trillions of dollars in risky loans as investment products, the Financial Times reported. The clampdown, which will force banks to make provi ...

Daily Headline - global.abi.org - 05/02/2016 - 21:04 - 0 comments

India Asks UK To Deport Embattled Tycoon Mallya

Group of using 4.3 billion rupees ($64.5 million) of bank loans to Kingfisher to buy property overseas. ...

Daily Headline - global.abi.org - 04/28/2016 - 21:20 - 0 comments

Unpaid Bills Add To China Debt Problems As Receivables Mount

Times have changed for Yu Xingzhi since China’s economic boom years. Despite the slowing economy, sales at Shanghai Caison Color Material Chemical are holding up. The trouble is, her customers — garment manufacturers and packaging producers buying her dy ...

Daily Headline - global.abi.org - 04/27/2016 - 22:26 - 0 comments

How China’s Debt Fix Could Make Things Much Worse

can’t cover interest payments—amounts to $1.3 trillion, a problem that could trigger bank losses equal ...

Daily Headline - global.abi.org - 04/26/2016 - 22:52 - 0 comments

How Long Can the Bank of Japan Wait on Easing?

Officials and market participants agree that the Bank of Japan ought to do more to beat deflation, but they are divided over whether the central bank’s policy-setting board members have to do so this week, The Wall Street Journal reported. Economic d ...

Daily Headline - global.abi.org - 04/26/2016 - 22:53 - 0 comments

Abu Dhabi Fund Prepared to Pay Interest if Malaysia’s 1MDB Defaults on Bond

billion Malaysian ringgit ($2.1 billion) in other 1MDB debt, as well as on a $3 billion bond also ...

Daily Headline - global.abi.org - 04/25/2016 - 21:35 - 0 comments

China’s Debt-Shrinking Machine Loses Its Magical Power

One research firm, Gavekal Dragonomics, calls it “the magical debt-shrinking machine”. When the Chinese government first confronted a mountain of non-performing loans in the state-owned banking sector it came up with a seemingly ingenious solution, the ...

Daily Headline - global.abi.org - 04/25/2016 - 21:37 - 0 comments

Hanjin Shipping Seeks Creditor-Led Debt Restructuring

South Korea’s Hanjin Shipping Co. Ltd., is seeking to put itself under a creditor-led restructuring after a senior government official said the country’s ailing shipping firms may go into receivership if they can’t rebuild their businesses on their own, ...

Daily Headline - global.abi.org - 04/24/2016 - 17:21 - 0 comments

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