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China Southern Airlines Warns of First Quarter Loss on Weaker Yuan

China's biggest airline by revenue warned it expects to report a first-quarter net loss, the first sign that the recent weakening of the nation's currency is impacting a major industry, The Wall Street Journal reported. China Southern Airli ...

Daily Headline - global.abi.org - 04/15/2014 - 23:13 - 0 comments

Japan’s Population Shrinks for Third Year as Ranks of Aged Grow

aging society, Bloomberg News reported. The population declined by 0.17 percent to 127.3 million as of ... economy faces in financing its aging society, Bloomberg News reported. The population declined by 0.17 percent to 127.3 million as of Oct. ...

Daily Headline - global.abi.org - 04/15/2014 - 23:13 - 0 comments

China Engineers ‘Potemkin Defaults’ To Mask Debt Reality

In the past two months, China has suffered its first domestic bond default in recent history and a series of small bankruptcies that have some investors fretting the country could face its very own “Lehman moment”, the Financial Times reported. But b ...

Daily Headline - global.abi.org - 04/14/2014 - 21:18 - 0 comments

China Tightens Oversight of Trusts as Default Risk Rises

would have been its first trust default in at least a decade. About 5.3 trillion yuan ($853 billion) of products are due to mature this year, up from 3.5 trillion yuan in 2013, Haitong Securities Co. (600837) ...

Daily Headline - global.abi.org - 04/14/2014 - 21:19 - 0 comments

Tensions Over Money Flows Bode Poorly For Global Economy

For a bunch of people who just agreed the global economy is doing better, top officials from the world's rich and poor nations sound rather worried. For poor nations, the easy monetary policies in advanced economies are leading to big swings in capi ...

Daily Headline - global.abi.org - 04/14/2014 - 21:31 - 0 comments

Desperate For Credit, China Importers Default On Soy Cargoes

Chinese importers have defaulted on at least 500,000 tonnes of U.S. and Brazilian soybean cargoes worth around $300 million, the biggest in a decade, as buyers struggle to get credit amid losses in processing beans. Three companies in the eastern provinc ...

Daily Headline - global.abi.org - 04/10/2014 - 21:25 - 0 comments

IMF Sees Rising Risks for Emerging Markets’ Corporate Debt

Years of cheap credit have inflated corporate and sovereign debt in emerging markets that now find themselves at greater risk of capital flight if global interest rates rise further, the International Monetary Fund said. While the IMF predicts a smooth w ...

Daily Headline - global.abi.org - 04/09/2014 - 21:21 - 0 comments

China's Next Bond Default Looms As Polyester Firm Declares Bankruptcy

A small manufacturer of polyester yarn based in China's wealthy Zhejiang province has declared bankruptcy, threatening its ability to meet an interest payment on a high-yield bond due in July, Reuters reported. Zhejiang Huatesi Polymer Technical Co ...

Daily Headline - global.abi.org - 04/08/2014 - 22:33 - 0 comments

Deadbeat Chinese Shipyards Stick Banks With Default Bill

Chinese banks are stuck in a lose-lose legal battle between domestic shipyards and foreign buyers over billions of dollars in refund guarantees that are supposed to be paid out if shipbuilders fail to deliver on time, Reuters reported in an insight. One ...

Daily Headline - global.abi.org - 04/06/2014 - 22:30 - 0 comments

Chaori Says Bondholder Seeks to Force Bankruptcy Restructuring

Bloomberg Businessweek reported. The manufacturer received a letter on April 3 from Shanghai Yihua Metal ... a letter on April 3 from Shanghai Yihua Metal Materials Ltd. ...

Daily Headline - global.abi.org - 04/06/2014 - 22:31 - 0 comments

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