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China's Wanda Sells Interests in High-Profile London Property Project

Dalian Wanda Group has agreed to sell its interests in the high-profile London luxury development project, One Nine Elms, for 59 million pounds, the latest in a string of asset sales that underscore financial strains hitting the Chinese conglomerate, the ...

Daily Headline - global.abi.org - 01/17/2018 - 22:55 - 0 comments

Westinghouse Reaches Deal to Resolve Bankruptcy

Westinghouse Electric Co LLC, Toshiba Corp's nuclear services business, has made an agreement with its creditors that will clear the company's path out of bankruptcy, according to three people familiar with the matter. The deal will divvy up ca ...

Daily Headline - global.abi.org - 01/17/2018 - 22:56 - 0 comments

India May Be Facing Its Own Subprime Problem

($3,100) made to some of the poorest Indians, whose incomes are now under threat as economic expansion ...

Daily Headline - global.abi.org - 01/16/2018 - 21:49 - 0 comments

HNA Unit Pushes Back Loan Deadline Again for Hong Kong Site

A unit of HNA Group Co. sought more time to complete the arrangement of a second bridge loan it took to finance a luxury real-estate development in Hong Kong as the Chinese conglomerate juggles its borrowings following a debt-fueled acquisition spree, Bl ...

Daily Headline - global.abi.org - 01/16/2018 - 09:09 - 0 comments

Natural Disasters Made 2017 a Year of Record Insurance Losses

That 2017 suffered from more than its fair share of natural catastrophes was known at the time. In the wake of Hurricane Harvey, the streets of Houston, Texas, were submerged under brown floodwater; Hurricane Irma razed buildings to the ground on some Ca ...

Daily Headline - global.abi.org - 01/11/2018 - 23:22 - 0 comments

Troubled Noble Group Says Goodbye to Global Oil Trading

nine-month loss of some $3 billion reported in November. Since then, Noble has been winding down its ...

Daily Headline - global.abi.org - 01/10/2018 - 22:10 - 0 comments

Insolvency Board to Consider Cross-Border Norms

India is likely to consider expanding its bankruptcy law to include cross-border insolvency, which helps lenders tap defaulters' assets overseas, as a top panel at the Insolvency and Bankruptcy Board of India (IBBI) meets Thursday to help strengthen ...

Daily Headline - global.abi.org - 01/10/2018 - 22:12 - 0 comments

Monnet Ispat Gets Extension of 90 Days to Complete Insolvency Resolution Process

The Mumbai bench of NCLT on Tuesday granted the resolution professional of debt ridden steel company Monnet Ispat and Energy an extension of 90 days to complete its insolvency resolution process as the initial 180 days were to expire on January 13, the ...

Daily Headline - global.abi.org - 01/09/2018 - 23:30 - 0 comments

Capital Restructuring Eyed to Address PT&T Debt Woes

Listed Philippine Telegraph & Telephone Corp. (PT&T) is poised to implement a capital restructuring plan that would settle long-running obligations ahead of the entry of a foreign strategic partner, Inquirer.net reported. A key feature of the pla ...

Daily Headline - global.abi.org - 01/08/2018 - 23:09 - 0 comments

China Developers' Best Blue-Chip Passport

instance, has a 0.2 percent chance of defaulting within the coming 12 months, in part because its 31 billion ...

Daily Headline - global.abi.org - 01/08/2018 - 23:09 - 0 comments

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