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Hanjin Submits Plan To Raise Cash, May Sell More Assets

Hanjin Shipping on Thursday submitted its plan to boost liquidity to the Korea Development Bank, its largest creditor, but gave little details, JOC.com reported. South Korean financial sources have indicated that the plan involves asset sales beyond the ...

Daily Headline - global.abi.org - 08/25/2016 - 23:55 - 0 comments

Mongolia's Meltdown Won't Be Saved by a Mining Revival Yet

Minegolia for sitting on what the International Monetary Fund has estimated is $1 trillion to $3 trillion in ...

Daily Headline - global.abi.org - 08/24/2016 - 22:03 - 0 comments

Macau’s Studio City Will Default on Debt, Warns Analyst

Studio City Macau, Lawrence Ho and James Packer’s $4.5 billion integrated casino resort on the Cotai Strip is in trouble and could default on the $1.41 billion loan used to complete the construction of the hotel, Casino.org reported. That’s the word from ...

Daily Headline - global.abi.org - 08/24/2016 - 22:04 - 0 comments

China’s Growing Debt Problem Isn’t Quite What It Seems

China’s debt pile is huge and – more worryingly – growing fast. And credit isn’t delivering the same kind of economic boost it once did. But most debt is in local hands in a largely closed financial system, giving China’s leaders some breathing space to ...

Daily Headline - global.abi.org - 08/23/2016 - 22:50 - 0 comments

China's Best Bank Called 'Mirage' of Shadow Lending

fastest growth of 156 Chinese financial institutions and the lowest level of bad loans, a mere 0 ...

Daily Headline - global.abi.org - 08/22/2016 - 19:40 - 0 comments

Hanjin Group Misses Deadline For Additional Financial Support To Rescue Its Shipping Unit

The fate of debt-ridden Hanjin Shipping Co. remains yet uncertain with its parent group having missed the August 20 deadline to submit additional financial support measures to creditors to salvage its shipping unit from heading to court receivership, Pul ...

Daily Headline - global.abi.org - 08/22/2016 - 06:15 - 0 comments

China Is Grappling With Hidden Unemployment

Cracks are starting to show in China’s labor market as struggling industrial firms leave millions of workers in flux, Bloomberg News reported. While official jobless numbers haven’t budged, the underemployment rate has jumped to more than 5 percent from ...

Daily Headline - global.abi.org - 08/22/2016 - 06:15 - 0 comments

India: Has The Strategic Debt Restructuring Experiment Run Aground

It was billed as a powerful tool in the clean-up of bank balance sheets laden with bad loans, but has proved to be a bit of a dud. The strategic debt restructuring (SDR) initiative, which allowed creditors to convert debt into equity and take over the ma ...

Daily Headline - global.abi.org - 08/22/2016 - 06:16 - 0 comments

Bank of Japan Likely to Take Bold Easing Action, Abe Adviser Says

“comprehensive assessment” of its policies has generated speculation over the direction of Mr. Abe’s 3 ...

Daily Headline - global.abi.org - 08/18/2016 - 22:35 - 0 comments

China’s Budget Deficit: Augmented Reality

If a country’s fiscal deficit hit 10% of GDP five years running, you might reasonably conclude that its public finances were parlous, The Economist reported. So it is understandable that China has bristled at suggestions that it is veering into such ...

Daily Headline - global.abi.org - 08/18/2016 - 22:36 - 0 comments

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