Asia

Results for Asia

China to Draft Rules to Rein in Asset Management Risks

China’s financial regulators are working together to draft sweeping new rules for the country’s rapidly-expanding asset-management products that aim to make it clear there’s no government guarantees on such investments, according to people familiar with ...

Daily Headline - global.abi.org - 02/21/2017 - 22:12 - 0 comments

Get Ready for China’s Coming Cash Crunch

The Chinese economy seems to have settled into a new normal of slower but still impressive growth, The Wall Street Journal reported. Underneath the apparent calm, however, trouble is brewing. Some of the problems are well known, such as burgeoning de ...

Daily Headline - global.abi.org - 02/21/2017 - 22:16 - 0 comments

South Korea Court Declares Hanjin Shipping Bankrupt

A South Korean court declared Hanjin Shipping Co Ltd bankrupt on Friday, after ruling earlier this month that the firm's liquidation value would be worth more than its value as a going concern, the International New York Times reported on a Reut ...

Daily Headline - global.abi.org - 02/20/2017 - 22:16 - 0 comments

How Toshiba Lost $6 Billion

on Feb. 14 and a 712.5 billion yen ($6.3 billion) writedown on its nuclear reactor business. That ...

Daily Headline - global.abi.org - 02/20/2017 - 22:21 - 0 comments

China’s January Credit Frenzy Masks Growing Debt Pressure

system-wide credit activity, rose 7.6 per cent year-on-year to a record Rmb3.74tn ($544bn), equivalent to 5 ...

Daily Headline - global.abi.org - 02/16/2017 - 21:31 - 0 comments

UK Tata Steelworkers Accept Pension Cuts

Tata steelworkers in the UK have voted to accept the closure of their £15bn pension fund, a historic sacrifice that brings the industry closer to resolving the crisis in British steel, the Financial Times reported. Thousands of trade union members ba ...

Daily Headline - global.abi.org - 02/15/2017 - 21:20 - 0 comments

Bank Results Spotlight Stubborn India Bad-Loans Problem

For several weeks near the end of last year, Indian banks were besieged by snaking queues of customers waiting to deposit banknotes that had suddenly been declared obsolete by the government, the Financial Times reported. Prime Minister Narendra Modi ...

Daily Headline - global.abi.org - 02/15/2017 - 21:21 - 0 comments

Toshiba’s Meltdown: Chairman Out, $6.3 Billion Write-Down

Toshiba Corp.’s problems threatened to spiral out of control as the electronics giant projected a $6.3 billion write-down, postponed its earnings report because of allegations of impropriety and said ... projected a $6.3 billion write-down, postponed its earnings report because of allegations of impropriety and ...

Daily Headline - global.abi.org - 02/14/2017 - 20:21 - 0 comments

Kazakhstan Weighs $6.5 Billion Spending to Bolster Banks

Kazakhstan is considering a 2.1 trillion-tenge ($6.5 billion) plan this year to restore banks to health, widening its budget deficit and tapping its oil wealth fund to cover the costs, Bloomberg News reported. Finance Minister Bakhyt Sultanov proposed th ...

Daily Headline - global.abi.org - 02/13/2017 - 21:27 - 0 comments

Tata Steel, Thyssenkrupp Merger Talks Face Extensive Delays

Investors expecting a deal this year in Tata Steel's talks to merge its European assets with Germany's Thyssenkrupp risk disappointment, given complications associated with the Indian-owned firm's British pension scheme. Tata and Thyssenkr ...

Daily Headline - global.abi.org - 02/13/2017 - 21:28 - 0 comments

Syndicate content