Results for Asia
- Kazakhstan's Alliance Bank To Discuss Debt Restructuring Dec. 13
Kazakhstan's Alliance Bank, controlled by the oil-rich nation's sovereign wealth fund, will discuss the restructuring of its debt at a creditor meeting in London this week, a source at the bank said on Tuesday, Reuters reported. Alliance, the n ...
Daily Headline - global.abi.org - 12/10/2013 - 23:31 - 0 comments
- First China Default Seen as Record $427 Billion Debt Due
Chinese company debt twice the size of Ireland’s economy will come due in 2014, spurring concern the nation is on the cusp of its first corporate bond default, Bloomberg reported. A record 2.6 trillion yuan ($427 billion) of interest and principal on sec ...
Daily Headline - global.abi.org - 12/09/2013 - 22:46 - 0 comments
- India’s Top Banker Zeroes In On Corporate Bad Debts
The new chairman of State Bank of India has pledged to crack down on rising levels of corporate bad debt that have alarmed policy makers and foreign investors in Asia’s third-largest economy, the Financial Times reported. Arundhati Bhattacharya took ...
Daily Headline - global.abi.org - 12/08/2013 - 23:30 - 0 comments
- Unitech Tanks 10% After LIC Issues Default Notice
Shares of India realty major Unitech today plunged by nearly 10 per cent amid reports that the company has received a default notice from LIC Housing Finance on a loan taken in 2007 for a luxury housing project in Noida, The Economic Times reported. ...
Daily Headline - global.abi.org - 12/04/2013 - 22:06 - 0 comments
- Kookmin Bank to Close 55 Branches as South Korean Margins Narrow
Kookmin Bank, South Korea’s largest lender by assets, said it will close 55 branches in January as the country’s lenders struggle with the lowest lending margins in four years, Bloomberg reported. The closures will cut costs and help the Seoul-based bank ...
Daily Headline - global.abi.org - 12/02/2013 - 00:20 - 0 comments
- As Bad Loans Mount, India Gets Tough On "Wilful" Default
Axis Bank, India's No.3 private sector lender, which has filed a lawsuit against Kemrock in the ...
Daily Headline - global.abi.org - 11/28/2013 - 22:53 - 0 comments
- Pensioners Starting To Feel Fiscal Austerity Impact, OECD Warns
Pensioners in developed economies are no longer being spared the worst effects of the financial crisis as fiscal austerity programmes aimed at curtailing spending on the elderly start to kick in, the OECD has warned, the Financial Times reported. Spe ...
Daily Headline - global.abi.org - 11/26/2013 - 21:19 - 0 comments
- Thai Unrest Seen Curbing Recovery From Recession
Thailand’s biggest bout of political unrest under the current government has increased economic risks, threatening to crimp a rebound from recession as protests damp local consumption and investment while weakening the currency. Gross domestic product will rise an average 3.6 percent this year, ...
Daily Headline - global.abi.org - 11/14/2013 - 21:41 - 0 comments
- Korean Shipping Lines Face Cash Crunch After Expansion
South Korea’s three biggest shipping companies face a cash crunch as 3 trillion won ($2.8 billion) of bonds are due for repayment in the next two years amid mounting losses from a global slump in ... South Korea’s three biggest shipping companies face a cash crunch as 3 trillion won ($2.8 billion) of ...
Daily Headline - global.abi.org - 11/13/2013 - 21:44 - 0 comments
- Creditors Of Suntech's Main Unit Back Debt Restructuring Plan
take over indebted Wuxi Suntech Power Co Ltd for 3 billion yuan ($493 million), pending approvals from ...
Daily Headline - global.abi.org - 11/12/2013 - 21:32 - 0 comments