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China Capital Curbs Reflect Buyer’s Remorse Over Market Reforms

Last year the reformist head of China’s central bank convinced his Communist party bosses to give market forces a bigger say in setting the renminbi’s daily “reference rate” against the US dollar, the Financial Times reported. In return, Zhou Xiaochu ...

Daily Headline - global.abi.org - 11/30/2016 - 21:30 - 0 comments

The Buying Spree Behind Beijing’s Crackdown

The days when a Chinese iron ore miner could buy a UK video game developer are drawing to a close as Beijing tightens up on cross-border investment by its companies, the Financial Times reported. Investment banks in Asia have worked overtime this yea ...

Daily Headline - global.abi.org - 11/29/2016 - 21:47 - 0 comments

Numbers of Japanese Elders in Workforce Soar

Despite Japan’s reputation for economic sluggishness, Tokyo is flooded with help-wanted signs. The unemployment rate has fallen to 3%, and on Tuesday the government said the number of unemployed ... The unemployment rate has fallen to 3%, and on Tuesday the government said the number of unemployed ...

Daily Headline - global.abi.org - 11/29/2016 - 21:47 - 0 comments

Bargain Prices, Rising Cargo Rates Lift Second-Hand Ship Sales From The Shallows

which as a class make up half the world's merchant fleet, have changed hands in deals worth $4.3 ...

Daily Headline - global.abi.org - 11/29/2016 - 21:51 - 0 comments

China’s New Tool for Social Control: A Credit Rating for Everything

Hangzhou’s local government is piloting a “social credit” system the Communist Party has said it wants to roll out nationwide by 2020, a digital reboot of the methods of social control the regime uses to avert threats to its legitimacy, The Wall Street ...

Daily Headline - global.abi.org - 11/28/2016 - 22:32 - 0 comments

India Grapples With The Effects Of Withdrawing 86% Of Cash In Circulation

A new strain of trickle-down economics has been spawned by the decision, on November 8th, to withdraw the bulk of India’s banknotes by the end of this year, The Economist reported. As holders of now-useless 500-and 1,000-rupee ($15) notes rushed to d ...

Daily Headline - global.abi.org - 11/25/2016 - 00:57 - 0 comments

After Plane Crashes, Taiwan's TransAsia Seeks To Wind Down Operations

Taiwan's TransAsia Airways Corp said on Tuesday it would wind down operations and suspend all scheduled flights, failing to recover from two plane crashes in almost three years, Reuters reported. In addition to struggling to overcome safety concerns ...

Daily Headline - global.abi.org - 11/22/2016 - 21:35 - 0 comments

Insolvency And Bankruptcy Code May Help Unlock Rs 25,000 Crore Bad Loans

Effective implementation of Insolvency and Bankruptcy Code can potentially release about Rs 25,000 crore of capital over the next 4-5 years currently locked in bad loans, according to a report. "If implemented successfully, the code will help India& ...

Daily Headline - global.abi.org - 11/21/2016 - 20:59 - 0 comments

Hanjin Shipping Sells Part Of Container Ship Business For $31 Million

South Korea's Hanjin Shipping Co Ltd said on Tuesday it decided to sell part of its container ship business to Korea Line Corp for 37 billion Korean won ($31.38 million). Korea Line will buy Hanjin's Pacific routes shipping business, relevant c ...

Daily Headline - global.abi.org - 11/21/2016 - 21:00 - 0 comments

Chinese City Bans Property Developers From Borrowing To Buy Land

Officials in one of China’s hottest property markets have banned developers from borrowing money to buy land, as local governments embrace increasingly drastic measures to curb soaring home prices, the Financial Times reported. Prices of new resident ...

Daily Headline - global.abi.org - 11/17/2016 - 21:39 - 0 comments

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