Asia

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India’s Central Bank Governor Warns Of Need For ‘Deep Surgery’

appears to be a beacon of growth among struggling global emerging markets, posting an increase of 7.3 per ...

Daily Headline - global.abi.org - 02/11/2016 - 22:22 - 0 comments

Outflows From China Top $110 Billion In January

Chinese companies and residents sent more than $110bn out of the country in January alone, according to new estimates, as they continued to evade tightening capital controls amid another round of market turmoil, the Financial Times reported. Surging ...

Daily Headline - global.abi.org - 02/10/2016 - 20:07 - 0 comments

Asia’s Surging Household Debt: How Risky Is It?

Soaring household debt in Asia is one of the starkest legacies of the post-2008 low rates world order. If 10 years ago US households stood out as some of the most leveraged in the world, today, Asia is home to the highest household debt globally. But som ...

Daily Headline - global.abi.org - 02/07/2016 - 19:45 - 0 comments

Ponzi Scheme in China Gained Credibility From State Media

At every turn in his improbably rapid rise, Ding Ning, 34, went to great efforts to convey the image of strong government backing for his Internet financing business, the International New York Times DealBook blog reported. But it all came crashing d ...

Daily Headline - global.abi.org - 02/07/2016 - 19:45 - 0 comments

Lending To Emerging Markets Comes To A Halt

excluding that to banks — was $3.33tn at the end of September 2015, down from $3.36tn at the end of June. It ...

Daily Headline - global.abi.org - 02/07/2016 - 19:53 - 0 comments

Toshiba Sees Bigger Loss As Restructuring Costs Mount

Japanese industrial conglomerate Toshiba Corp expects a bigger full-year loss than previously anticipated, amid mounting restructuring costs after a $1.3 billion accounting scandal, Reuters reported. ... costs after a $1.3 billion accounting scandal, Reuters reported. Toshiba said on Thursday it now ...

Daily Headline - global.abi.org - 02/04/2016 - 21:44 - 0 comments

Steelmakers Face Another Year Of Pain Even As Prices Steady

Global steelmakers face another year of pain with more capacity closures and job losses expected, even as steel prices start to stabilise thanks to painful production cuts, depleted stockpiles and rising trade barriers, Reuters reported. Capacity closure ...

Daily Headline - global.abi.org - 02/03/2016 - 22:12 - 0 comments

Bahamas Mega-Resort Stands Empty, Casualty of Dispute With Chinese Partners

The uncertain future of Baha Mar, a $3.5 billion mega-resort nearing completion on Nassau’s white-sand Cable Beach, points to the challenges China faces as it finances and builds large-scale ... The uncertain future of Baha Mar, a $3.5 billion mega-resort nearing completion on Nassau’s white-sand ...

Daily Headline - global.abi.org - 02/02/2016 - 21:12 - 0 comments

Thai Hotel Group Minor Buys Tivoli Properties In Portugal, Brazil

Thai hotel group Minor International has made its biggest ever acquisition with a 294 million euro ($320 million) deal to buy 14 Tivoli chain hotels that belonged to the collapsed Espirito Santo Group, Reuters reported. The purchase of the properties in ...

Daily Headline - global.abi.org - 02/02/2016 - 21:13 - 0 comments

Online Lender Ezubao Took $7.6 Billion in Ponzi Scheme, China Says

A Chinese online finance company bilked investors out of more than $7.6 billion, spent lavishly on gifts and salaries and buried the evidence, according to local authorities who described the operation as an enormous Ponzi scheme, the International New ...

Daily Headline - global.abi.org - 02/01/2016 - 20:10 - 0 comments

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