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Chinese Markets Uneasy After Huge Sell-Off

Instability continued to roil China’s stock markets on Tuesday in spite of new pledges of support from the government, the International New York Times reported. Coming off its biggest one-day decline since 2007, Shanghai’s main share index seesawed ...

Daily Headline - global.abi.org - 07/28/2015 - 20:20 - 0 comments

China Stocks Tumble 8.5%, Calling Into Question Beijing’s Market-Rescue Effort

Shenzhen shares fell 4.3%. The big declines show investors have become skeptical of the market and the ...

Daily Headline - global.abi.org - 07/27/2015 - 23:09 - 0 comments

Cost To Complete Baha Mar Mega-Resort Has Risen To $400 Million

The cost of completing the stalled $3.5 billion Baha Mar mega-resort in the Bahamas has risen to $400 million, according to a letter from the project's developer. Baha Mar Ltd, run by Sarkis ... completing the stalled $3.5 billion Baha Mar mega-resort in the Bahamas has risen to $400 million, according ...

Daily Headline - global.abi.org - 07/27/2015 - 23:12 - 0 comments

P.R.C. Market Turbulence Impacts Going-Private Plans for China-Based Companies Listed in the United States

The current volatility in P.R.C. equity markets may dampen the recent enthusiasm for migrating U.S.-listed, China-based companies to PRC listings. The first half of 2015 saw an increase in the number of offers to take private China-based companies li ...

Resource Article - abi_admin - 07/27/2015 - 13:27 - 0 comments - 1 attachment

Hong Kong Is Feeling China's Pain

For Hong Kong, it's been one thing after another. A series of anti-China and pro-democracy protests last year prompted stores to close and mainland tour groups to cancel bookings. Meanwhile, a slowing Chinese economy and President Xi Jinping's ...

Daily Headline - global.abi.org - 07/26/2015 - 20:52 - 0 comments

The Meaning of China’s Stock Market Intervention

The spectacle of the stock market meltdown in China has led many analysts and investors to see an upside to the downturn, Bloomberg News reported. The slump is “the most serious crisis” facing President Xi Jinping “since he came to power,” China commenta ...

Daily Headline - global.abi.org - 07/23/2015 - 23:38 - 0 comments

Chinese Firm Seeks To Dismiss Baha Mar Resort Bankruptcy Case

The Chinese company building the $3.5 billion Baha Mar resort in the Bahamas plans to file a motion to dismiss the bankruptcy case related to the project, which is nearly complete and seen as vital ... bankruptcy protection on June 29. Read more. (China) The Chinese company building the $3 ...

Daily Headline - global.abi.org - 07/20/2015 - 20:36 - 0 comments

China’s Biggest State Banks Recruited Into Stock Market Rescue

lent a combined Rmb1.3tn ($209bn) in recent weeks to the China Securities Finance Corp, for lending on ...

Daily Headline - global.abi.org - 07/19/2015 - 09:47 - 0 comments

Bahamas PM Plans To Seize Unfinished $3.5 Billion Baha Mar Resort

Bahamas Prime Minister Perry Christie plans to take control of an unfinished $3.5 billion mega resort, currently tied up in a corporate bankruptcy process, and push it through to completion to help ... (Bahamas, China) Bahamas Prime Minister Perry Christie plans to take control of an unfinished $3 ...

Daily Headline - global.abi.org - 07/19/2015 - 09:49 - 0 comments

Costly Spanish ‘Ghost Airport’ Receives Only One Bid at Auction

One of Spain’s “ghost airports”—expensive projects that were virtually unused—received just one bid in a bankruptcy auction after costing about €1.1 billion ($1.2 billion) to build, The Wall Street Journal reported. The buyer’s offer: €10,000. Ciudad ...

Daily Headline - global.abi.org - 07/19/2015 - 09:50 - 0 comments

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