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Takata Shares Drop on Reports of Carmaker-Led Push for Restructuring

Shares in Takata sank on Wednesday amid reports the troubled airbag maker might let its customers decide on how to restructure the company as it attempts to survive a crisis over its exploding airbags, the Financial Times reported. The Japanese compa ...

Daily Headline - global.abi.org - 03/22/2017 - 22:45 - 0 comments

Korean Shipbuilder Seeks Another Bailout

in addition to banks lending it another 3 trillion won ($2.68 billion), according to the people ...

Daily Headline - global.abi.org - 03/22/2017 - 22:46 - 0 comments

China Medical Technologies Executives Charged in U.S. Fraud Case

The founder and a former executive of China Medical Technologies Inc. were charged in the U.S. with stealing more than $400 million from investors in the bankrupt maker of medical diagnostic tests as part of a seven-year scheme, Bloomberg News reported. ...

Daily Headline - global.abi.org - 03/22/2017 - 08:51 - 0 comments

Default Fears Resurface Over Singapore's Looming Debt Wall

Default fears are resurfacing in Singapore ahead of a wall of maturing corporate debt, as a U.S. bankruptcy filing by a firm from the city flags lingering pain despite economic recovery, Bloomberg News reported. Pressure to pay down obligations has been ...

Daily Headline - global.abi.org - 03/20/2017 - 22:22 - 0 comments

18 Foreign Lenders of Jindal Steel and Power Agree to $550 Million Debt Restructuring

Eighteen foreign banks, including Standard Chartered Plc., Barclays Plc. and Deutsche Bank AG, have agreed to restructure loans to the tune of $550 million given to Jindal Steel and Power Ltd (JSPL), two people aware of the development said, Livemint rep ...

Daily Headline - global.abi.org - 03/20/2017 - 22:33 - 0 comments

Chinese Growth Prospects Improved, Policy Still Prudent

Chinese central bank governor Zhou Xiaochuan said growth prospects have improved in the world's second-largest economy, but its monetary policy remains prudent and neutral, the International New York Times reported on a Reuters story. Earlier th ...

Daily Headline - global.abi.org - 03/19/2017 - 22:47 - 0 comments

China Treads Closer to a Day of Debt Reckoning

The People’s Bank of China (PBoC) lifted borrowing costs in step with the Fed overnight, the Financial Times reported. But the real question is: can China’s economy handle this sort of tightening at this stage in its cycle? Diana Choyleva of Enodo Ec ...

Daily Headline - global.abi.org - 03/16/2017 - 20:43 - 0 comments

China Schools Investors on Two-Tier Leadership Structure

Investors trying to make sense of China’s National People’s Congress last week and its relation to the more important 19th Party Congress to be held later this year should familiarize themselves with an old saying: “The mountains are high and the emperor ...

Daily Headline - global.abi.org - 03/15/2017 - 20:36 - 0 comments

Nagpur-Based Gupta Coal India Files For Insolvency

Nagpur-based Gupta Coal India has filed for insolvency at the National Company Law Tribunal. The petition says there are liabilities of Rs2,580 crore towards eight major banks, the Business Standard reported. A source told this newspaper, “Allahabad ...

Daily Headline - global.abi.org - 03/14/2017 - 22:59 - 0 comments

Chinese Leaders Back Bankruptcies for Unwanted Zombie Companies

China is getting serious about dealing with so-called zombie companies through court-led bankruptcies as it seeks to cut overcapacity in industries and boost economic growth, Bloomberg News reported. The country’s Chief Justice Zhou Qiang said at the Nat ...

Daily Headline - global.abi.org - 03/13/2017 - 22:06 - 0 comments

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