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Lou Says China Should Let Local Governments Default on Debt

Former Finance Minister Lou Jiwei said China should allow smaller local governments to default on debt because it would signal that central government bailouts aren’t assured, Bloomberg News reported. Such defaults would educate investors that their inve ...

Daily Headline - global.abi.org - 04/23/2017 - 19:00 - 0 comments

Malaysia Reaches Deal on $2.5 Billion of 1MDB Bonds

they negotiate the dispute over $3.5 billion linked to the two bonds, the person said. 1MDB and IPIC ...

Daily Headline - global.abi.org - 04/23/2017 - 19:02 - 0 comments

China Bond Party Attracts Few Takers

China is engaged in a charm offensive to lure foreign money into its bond market, which has grown in a short period of time from a minnow to the third largest in the world, after the US and Japan, the Financial Times reported. The opening of the bond ...

Daily Headline - global.abi.org - 04/20/2017 - 21:38 - 0 comments

Turkey Seeks to Restructure Taxes Again to Boost Economy, Budget

Turkey’s government plans to restructure nearly $20 billion in unpaid taxes, the second such move in a year, as it seeks to boost revenue and stimulate growth, Bloomberg News reported. A bill sent to parliament on Tuesday would allow taxpayers to repay e ...

Daily Headline - global.abi.org - 04/19/2017 - 18:27 - 0 comments

Tata Steel Offers to Pay £520 Million Into UK Pension Scheme

Tata Steel has offered to make a one-off payment of £520m into its UK pension scheme, in its latest effort to make a clean break from its large British retirement liabilities, the Financial Times reported. The Indian steelmaker has put the offer to t ...

Daily Headline - global.abi.org - 04/19/2017 - 18:29 - 0 comments

China's $8.5 Trillion Shadow Bank Industry Is Back in Full Swing

China’s shadow banking is back in full swing, an unintended side effect of the government’s campaign against financial leverage, which has curbed traditional lending and squeezed bond financing. Data from the central bank Friday showed that off-balance s ...

Daily Headline - global.abi.org - 04/18/2017 - 22:17 - 0 comments

China Bank Overseer Launches ‘Regulatory Windstorm’

China's new chief banking regulator has started with a bang, issuing a flurry of new policy directives during his first month aimed at the industry's knottiest problems, in line with the government’s focus this year on managing financial risk, ...

Daily Headline - global.abi.org - 04/18/2017 - 22:18 - 0 comments

The Danger in China’s Dual Debt Cycle

state-owned firms is just 1.3%. The two-track cycle is of Beijing’s own making. While struggling state-owned ...

Daily Headline - global.abi.org - 04/18/2017 - 22:18 - 0 comments

South Korea’s Daewoo Shipbuilding Thrown a Lifeline

South Korea’s debt-ridden Daewoo Shipbuilding & Marine Engineering Co., the world’s second biggest shipyard, was thrown a lifeline after creditors agreed to a massive debt-to-equity swap as part of a bailout plan, The Wall Street Journal reported ...

Daily Headline - global.abi.org - 04/18/2017 - 22:18 - 0 comments

Taking security across Asia Pacific - are your loans secure?

For international financiers and corporate borrowers, taking or granting security in Asia Pacific requires a specialised and customised approach for each jurisdiction. Whilst there are many similarities between some jurisdictions, there are surprisin ...

Resource Article - twallace@abiwor... - 04/18/2017 - 12:15 - 0 comments - 0 attachments

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