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South Korea Court Says It Has Not Yet Decided Whether Sale of Hanjin Shipping Is Needed

The South Korean court overseeing Hanjin Shipping's receivership process said on Wednesday that a sale of the world's seventh-largest container carrier, which collapsed late last month, is one of many options it is considering if the court conc ...

Daily Headline - abi_admin - 09/28/2016 - 13:41 - 0 comments

China Regulators Push Through Sinosteel Debt Restructuring Plan

Chinese regulators have pushed through the debt restructuring plan of a state-owned steel trader as the government gets set for a new round of debt cleanups, Bloomberg News reported today. Sinosteel Engineering & Technology Co. yesterday received a n ...

Daily Headline - abi_admin - 09/28/2016 - 13:42 - 0 comments

Trikomsel Says Indonesian Court to Review Debt Workout Plan

PT Trikomsel Oke, an Indonesian mobile-phone retailer that defaulted on bonds last year, said that a court hearing on the company’s debt workout plan will be held today, Bloomberg News reported. A Jakarta commercial court had decided on Sept. 26 to postp ...

Daily Headline - abi_admin - 09/28/2016 - 13:43 - 0 comments

Bankrupt Japanese Mining Town Downsizes to Avoid Becoming a Ghost

A sleepy, former coal-mining town in northern Japan is taking unprecedented measures to combat its biggest challenge: a devastating shrinking of its population, Bloomberg News reported yesterday. Since its peak in the post-war economic boom of the 1960s, ...

Daily Headline - abi_admin - 09/27/2016 - 13:30 - 0 comments

Hanjin Says Cargo Owners Withholding $80 Million In Payments

Failed South Korean container carrier Hanjin Shipping Co Ltd (117930.KS) told a U.S. judge on Friday that cargo owners were withholding up to $80 million in payments for completed shipments, complicating the company's ability to move stranded freigh ...

Daily Headline - global.abi.org - 09/25/2016 - 18:44 - 0 comments

Despite Default Worries, China Debt Attracts Brave Few

While economists and many foreign investors fret about China’s spiralling debt and rising defaults, a small niche of alternative asset managers is braving the China credit space, attracted by high yields from borrowers shut out from other sources of fina ...

Daily Headline - global.abi.org - 09/25/2016 - 18:45 - 0 comments

China Steadies Economy With Risk-Laden Tactics

China’s economy is showing signs of stability, a welcome break for both investors and a leadership that has spent much of 2016 battling economic headwinds. But it is an engineered calm that comes at a cost, say economists, The Wall Street Journal rep ...

Daily Headline - global.abi.org - 09/22/2016 - 23:12 - 0 comments

Hanjin Shipping Gets Multimillion-Dollar Loan To Unload Stranded Cargo

Hanjin Shipping’s biggest shareholder and lead creditor are to provide funding to pay for the unloading of cargo from dozens of ships stranded at sea after the Korean company collapsed into bankruptcy, The Guardian reported. An estimated $14bn of car ...

Daily Headline - global.abi.org - 09/22/2016 - 23:12 - 0 comments

KDB Considering Lending $45 Million To Help Unload Hanjin Cargo

Korea Development Bank (KDB), the lead creditor of Hanjin Shipping Co Ltd is considering lending about 50 billion won (34.51 million pounds) to help unload stranded cargo, a source with direct knowledge of the matter said on Thursday, Reuters reported. A ...

Daily Headline - global.abi.org - 09/21/2016 - 23:04 - 0 comments

Bank of Japan Sets Bond-Rate Target in Policy Revamp

For the past 3½ years under Gov. Haruhiko Kuroda, the BOJ has been flooding the economy with cash by ...

Daily Headline - global.abi.org - 09/21/2016 - 23:04 - 0 comments

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