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New Framework For Sovereign Defaults

A group representing more than 400 of the world’s largest banks, investors and debt issuers has agreed a plan for dealing with financially stricken countries and their creditors, in a bid to prevent a repeat of the wrangling that has pushed Argentina int ...

Daily Headline - global.abi.org - 08/28/2014 - 21:36 - 0 comments

South Korea Probes Banks Over Interest Rates Collusion

South Korea’s competition watchdog is investigating the country’s four largest commercial banks over possible interest rates collusion, adding to a growing list of probes globally into the alleged rigging of various financial prices and benchmarks, the ...

Daily Headline - global.abi.org - 08/27/2014 - 21:58 - 0 comments

Developers Offer Hefty Discounts In Strained China Homes Market

In the latest sign of Chinese developers’ desperation to unload inventory into a weak property market, China Vanke Co is offering discounts of up to $325,000 to homebuyers who shop on Alibaba’s Taobao, an e-commerce platform, the Financial Times repo ...

Daily Headline - global.abi.org - 08/27/2014 - 21:25 - 0 comments

Thailand Introduces Loans to Help Struggling Farmers

a year, have thrived amid growing household debt, which rose to 82.3% of gross domestic product this ...

Daily Headline - global.abi.org - 08/27/2014 - 21:25 - 0 comments

Bumi Resources Bonds Gain After $375 Million Debt Restructuring

PT Bumi Resources’ bonds climbed the most in two weeks after holders of its $375 million of convertible debt approved a restructuring in a near-unanimous vote, Bloomberg News reported. The Indonesian coal mining company will issue 6 percent notes due Apr ...

Daily Headline - global.abi.org - 08/25/2014 - 21:56 - 0 comments

Malaysia Airlines To Cut About A Quarter Of Jobs In Restructuring

About a quarter of Malaysia Airlines' 20,000 staff are likely to lose their jobs under a restructuring plan for the loss-making airline hit by two separate jet disasters this year, a source with direct knowledge of the matter said, Reuters reported. ...

Daily Headline - global.abi.org - 08/25/2014 - 21:56 - 0 comments

Major Reforms Of Singapore's Insolvency Laws Expected

Major reforms of insolvency laws are in the process of being enacted, as Singapore tries to position itself as a regional hub for insolvency work and debt restructuring, said Senior Minister of State for Law Indranee Rajah on Monday, Channel NewsAsia rep ...

Daily Headline - global.abi.org - 08/25/2014 - 21:57 - 0 comments

Property Bubble Is ‘Major Risk To China’

On desolate salt flats on the far outskirts of China’s sixth-largest city, dozens of enormous half-built skyscrapers stand as a monument to the excess and optimism of the Chinese real estate market, the Financial Times reported. As physical manifesta ...

Daily Headline - global.abi.org - 08/25/2014 - 21:58 - 0 comments

China Urges More Private Investment in Troubled Railways

Chinese Premier Li Keqiang urged the heavily scrutinised railway sector to seek more private investment and rely less on state support as a key plank of its reform, the government website said on Sunday, the International New York Times reported. Bei ...

Daily Headline - global.abi.org - 08/24/2014 - 18:43 - 0 comments

Binding Resolution Sought For Insolvency

The Cabinet will this week likely ask parliament to issue a binding resolution stating that an insolvency framework will be passed and take effect as of January 1, Cyprus Mail reported. The resolution will be binding on both the government and the le ...

Daily Headline - global.abi.org - 08/20/2014 - 20:38 - 0 comments

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