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Japanese Carrier Skymark Files For Bankruptcy, Blames Airbus

Japan's leading independent budget airline Skymark Airlines Inc filed for protection from creditors late on Wednesday, blaming a weak yen and a dispute with Airbus Group for its financial straits, Reuters reported. The low-cost carrier had liabiliti ...

Daily Headline - global.abi.org - 01/28/2015 - 21:34 - 0 comments

Troubled China Property Firm Kaisa Appoints Financial Advisor

Chinese property developer Kaisa Group has appointed financial adviser Houlihan Lokey to formulate a plan that will be agreeable to all its creditors as the indebted company struggles with the risk of defaulting on its credit. The company failed earlier ...

Daily Headline - global.abi.org - 01/28/2015 - 21:37 - 0 comments

Kaisa Failed To Unblock Sales During Talks With Shenzhen Government

Troubled Chinese property developer Kaisa Group failed to remove a local government block on sales at its Shenzhen projects during talks with public officials on Monday, a company source familiar with the discussions said. Kaisa's top executives hel ...

Daily Headline - global.abi.org - 01/27/2015 - 22:15 - 0 comments

Government Approves Struggling Thai Airways' Restructuring Plan

Thailand's military-led government has approved a restructuring plan for Thai Airways International PCL in a bid to restore profitability to the national carrier's operations, a senior government official said on Monday, Reuters reported. State ...

Daily Headline - global.abi.org - 01/26/2015 - 22:09 - 0 comments

Offshore Bond Sales By Chinese Developers Stall As Default Fears Rise

Offshore bond sales by mainland property developers have stalled in January as rising investor fears of a flurry of debt defaults have junked one of the usually busiest months of the year for real estate issuance, South China Morning Post reported. W ...

Daily Headline - global.abi.org - 01/25/2015 - 21:37 - 0 comments

Chinese Developer Kaisa In Talks On Possible Asset Sales

Troubled Chinese property firm Kaisa Group is talking to banks and rival developers about selling its assets as the company scrambles to raise cash, according to people with knowledge of the matter. A number of developers have approached the company abou ...

Daily Headline - global.abi.org - 01/25/2015 - 21:37 - 0 comments

Kuroda Remarks Open Possibilities for Shift in BOJ Stimulus

Governor Haruhiko Kuroda says the Bank of Japan may need to get creative in any further monetary stimulus. Among options analysts highlight: regional-government bonds, a type of security that could aid public support. Kuroda, speaking in an interview wit ...

Daily Headline - global.abi.org - 01/25/2015 - 21:38 - 0 comments

Hong Kong and Mainland China Join Force in Stock Market Regulatory Enforcement

Last Fall, with a single stroke — carrying both symbolic and substantive significance — China and Hong Kong signaled to the world their plans for deeper commercial integration and a commitment to vigorous, modern age law enforcement practices. U.S. capit ...

Resource Article - abi_admin - 01/21/2015 - 11:38 - 0 comments - 0 attachments

China’s Economy Grows At Slowest Pace In 24 Years

China’s economy grew at its slowest pace in 24 years in 2014 as property prices cooled and companies and local governments struggled under heavy debt burdens, keeping pressure on Beijing to take aggressive steps to avoid a sharper downturn, the Irish T ...

Daily Headline - global.abi.org - 01/20/2015 - 22:22 - 0 comments

Chinese Developers' Shares Fall As Kaisa's Woes Ripple Across Sector

Shares in some mid-size Chinese real estate developers fell sharply on Thursday, as fears grew that the troubles hitting Kaisa Group could spread to other firms in the sector, Reuters reported. Local government officials blocking real estate sales and an ...

Daily Headline - global.abi.org - 01/16/2015 - 00:34 - 0 comments

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