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Vietnam Central Bank Says Taking Over Small Lender

banks", the statement said. Commercial banks in Vietnam reported bad debts at 3.49 percent of their outstanding loans in January 2015, up from 3.25 percent the previous month, a state-run newspaper quoted a ...

Daily Headline - global.abi.org - 04/26/2015 - 22:28 - 0 comments

China Banks Balk At Local Debt-Swap Plan

Several Chinese provincial governments have been forced to postpone bond auctions as banks balk at the low yields on offer, state media reported on Friday, highlighting the challenges of carrying out a Rmb1tn ($161bn) plan to lower financing costs for ca ...

Daily Headline - global.abi.org - 04/26/2015 - 22:28 - 0 comments

Stimulus Efforts Fail to Speed Work at China's Factories

Factory activity in China contracted at its fastest pace in a year in April, an early reading of a survey showed on Thursday, suggesting that economic conditions are still deteriorating despite increasingly aggressive stimulus efforts by the Chinese cent ...

Daily Headline - global.abi.org - 04/23/2015 - 22:57 - 0 comments

Approval Of Insolvency Credit Positive For Banks: Moody’s

The enactment of the hotly-debated insolvency framework into law last Saturday was credit positive for Cypriot banks because it lays the groundwork for large-scale loan restructuring and improves the banks’ recovery prospects, Moody’s ratings agency said ...

Daily Headline - global.abi.org - 04/23/2015 - 22:59 - 0 comments

ANA To Take Up To 19.9 Pct Stake In Bankrupt Budget Carrier Skymark

ANA Holdings Inc said it has agreed to acquire a stake of up to 19.9 percent in bankrupt budget carrier Skymark Airlines Inc, gaining access to highly coveted landing slots and strengthening its lead over rival Japan Airlines Co., Reuters reported. Under ...

Daily Headline - global.abi.org - 04/22/2015 - 21:03 - 0 comments

RBI Governor Blasts Lenders For ‘Sitting On Money’

Facing calls to explain why banks had largely failed to pass on to consumers and businesses two policy rate cuts this year, Raghuram Rajan, the normally easy-going governor of the Reserve Bank of India, launched a rare attack. “Banks are sitting on money ...

Daily Headline - global.abi.org - 04/21/2015 - 21:02 - 0 comments

Chinese Property Developer Kaisa Defaults on Debt

The troubled Chinese property developer, Kaisa Group, defaulted on its overseas debt, a situation that could make Western investors more wary of the country’s real estate market, the International New York Times DealBook blog reported. Once a darling ...

Daily Headline - global.abi.org - 04/20/2015 - 21:49 - 0 comments

South Korea Contract Workers At Heart Of Labour Reform Challenge

South Korea’s economy grew just 0.4 per cent in the last three months of last year from the previous ...

Daily Headline - global.abi.org - 04/20/2015 - 22:33 - 0 comments

Cyprus’s Parliament Passes Insolvency Laws Sought by Creditors

Lawmakers in Cyprus passed key insolvency laws designed to open the taps for more international bailout cash, The Wall Street Journal reported. The vote makes it possible to operate foreclosure laws that international creditors have demanded as a con ...

Daily Headline - global.abi.org - 04/19/2015 - 19:35 - 0 comments

China Frees Up $200 Billion for Lending

Chinese policy makers are dealing with a financial conundrum. Overall economic growth is slipping, which argues for looser monetary policy. But the risk is that any new money is diverted to the country’s frothy stock markets, the International New York ...

Daily Headline - global.abi.org - 04/19/2015 - 19:36 - 0 comments

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