Asia

Results for Asia

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

Bank of China Doubles Money for Bad Loans as Growth Slows

Bank of China Ltd. more than doubled its money set aside for bad loans as profit growth cooled to the slowest pace in five quarters on weakness in the economy, Bloomberg News reported. Provisions for potential soured debt climbed to 12.7 billion yuan ($2 ...

Daily Headline - global.abi.org - 08/19/2014 - 21:32 - 0 comments

China Seeks to Rein In Executive Pay at State-Controlled Companies

China said it will curb executive pay and perks at major state-controlled companies as part of an austerity program intended to curb government largess, The Wall Street Journal reported. The official Xinhua News Agency said Monday that President Xi J ...

Daily Headline - global.abi.org - 08/18/2014 - 21:07 - 0 comments

China Says Mercedes-Benz Violated Antitrust Rules in Pricing

Government investigators in China have found the Mercedes-Benz unit of Daimler, the German automaker, in violation of antitrust price rules, the Chinese state news media reported on Monday. The announcement was the latest in a spate of inquiries over pri ...

Daily Headline - global.abi.org - 08/18/2014 - 21:08 - 0 comments

China’s State-Owned Airlines Hit Turbulence

China’s state-owned airlines have had a turbulent year and are warning of first-half earnings to match when they report later this month, the Financial Times reported. With the bulk of their earnings in renminbi and fuel and aircraft costs denominate ...

Daily Headline - global.abi.org - 08/17/2014 - 20:12 - 0 comments

China Cracks Down on Money Leaking Out of Its Borders

China is trying to regain control of the cash flowing across its leaky borders and the effects will be felt around the world, The Wall Street Journal reported. Beijing technically bans its citizens from buying overseas properties and stocks, and limi ...

Daily Headline - global.abi.org - 08/14/2014 - 21:14 - 0 comments

Lending in China Slowed Drastically in July

measure of new credit was 273.1 billion renminbi, or $44.3 billion, in July, the central bank reported on ...

Daily Headline - global.abi.org - 08/13/2014 - 22:12 - 0 comments

Two Insurers Put Under Government Receivership

The Financial Supervisory Commission (FSC) yesterday placed Global Life Insurance Co (國寶人壽) and Singfor Life Insurance Co (幸福人壽) under government receivership, as the two insurers had failed to contain financial losses or management malpractices, the T ...

Daily Headline - global.abi.org - 08/13/2014 - 22:12 - 0 comments

Need Strong Insolvency Law To Prevent Fraud: Rajan

The Reserve Bank of India (RBI) is working with the Centre to improve governance in public sector banks, RBI governor Raghuram Rajan said on Wednesday and called for a bankruptcy code to prevent misuse of the system in future. The governor also warned of ...

Daily Headline - global.abi.org - 08/13/2014 - 22:13 - 0 comments

South Korean Phone Maker Pantech Files for Court Receivership

majority of the company's 1.3 trillion won in annual revenue. But there isn't much new ground to ...

Daily Headline - global.abi.org - 08/12/2014 - 23:17 - 0 comments

Syndicate content