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China Loosens Debt Terms for Venezuela

billion. China also recently lent $1.3 billion to help Argentina buoy falling reserves, giving President ...

Daily Headline - global.abi.org - 11/24/2014 - 21:19 - 0 comments

Loan ‘Guarantee Chains’ in China Prove Flimsy

Chains of guarantees, in which companies back loans to other firms, are causing pain for the wider Chinese economy, The Wall Street Journal reported. The central bank cut benchmark lending and deposit rates on Friday to reduce financing costs for com ...

Daily Headline - global.abi.org - 11/23/2014 - 22:57 - 0 comments

Central Bank Seen Fueling Old China as Banks Hold Key to Policy Success

In a related story, China’s central bank said its surprise move to cut interest rates for the first time since 2012 is designed to help small firms and protect depositors instead of all-out monetary easing. How the nation’s lenders respond will determine ...

Daily Headline - global.abi.org - 11/23/2014 - 22:58 - 0 comments

China Loosens Debt Terms for Venezuela

billion. China also recently lent $1.3 billion to help Argentina buoy falling reserves, giving President ...

Daily Headline - global.abi.org - 11/24/2014 - 21:14 - 0 comments

China Said to Consider Easing of Loan-to-Deposit Rules

China’s central bank is considering changing the way it calculates banks’ loan-to-deposit ratios, a government official briefed on the matter said, signaling efforts to boost credit as the economy falters. Savings that banks hold for non-deposit-taking f ...

Daily Headline - global.abi.org - 11/20/2014 - 21:21 - 0 comments

Kazakhstan's Alliance Bank Says Completes Debt Restructuring

Kazakhstan's Alliance Bank has completed a $1.2 billion debt restructuring and the country's sovereign wealth fund will put 220 billion tenge ($1.2 billion) of special deposits into the bank to support the deal, Alliance's chief executive ...

Daily Headline - global.abi.org - 11/19/2014 - 20:47 - 0 comments

Cyprus Government Report Points Fingers on Bank Collapse

How can a midsize bank torpedo an entire economy? It was the first question asked by the new president of Cyprus, Nicos Anastasiades, on March 1, 2013, when he assumed power and was immediately confronted with the implosion of Cyprus Popular Bank and th ...

Daily Headline - global.abi.org - 11/19/2014 - 20:47 - 0 comments

China Faces Debt Crunch As Property Values Fall

One Hong Kong-based hedge fund has accumulated the prospectuses of no fewer than 250 of the trust companies that sit at the heart of the Chinese shadow banking system. These contain virtually no disclosure except on the value of the real estate that back ...

Daily Headline - global.abi.org - 11/18/2014 - 20:57 - 0 comments

OW Bunker Far East To Meet Liquidator On December 4; Six More Vessels Arrested

The Singapore arm of bankrupt Danish shipping fuel trader OW Bunker will meet with its liquidator KPMG in early December to discuss the firm's outstanding debt, which totals almost $1.5 billion globally, Reuters reported. OW Bunker, a leading suppli ...

Daily Headline - global.abi.org - 11/18/2014 - 20:58 - 0 comments

Japan Weighs More Stimulus After Falling Into Recession

Japan is pushing to rescue its floundering economy with a third big economic stimulus, and Prime Minister Shinzo Abe prepared to face snap elections amid rising clamor over the wisdom of his “Abenomics” reforms. A surprise announcement early Monday that ...

Daily Headline - global.abi.org - 11/17/2014 - 20:09 - 0 comments

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