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Banks Hire Lazard to Solve Turkey's Biggest Default

Banks that provided a $4.75 billion loan to Turk Telekomunikasyon AS’s major shareholder hired Lazard Ltd. to advise them on the nation’s biggest ever default, according to three people with knowledge of the matter. The creditors also hired Raiffeisen In ...

Daily Headline - global.abi.org - 09/19/2017 - 22:40 - 0 comments

ISDA Gives Its Verdict On Noble Group CDS

The International Swaps and Derivatives Association (ISDA) committee tasked with making a ruling on the tussle over Noble Group’s credit-default swaps has issued a verdict that could halt attempts to settle the derivatives contracts bilaterally, the Fi ...

Daily Headline - global.abi.org - 09/19/2017 - 22:43 - 0 comments

Small Creditors Use India's New Bankruptcy Rules to Put the Squeeze on Big Players

In late June, one of India’s top wind power equipment makers, Inox Wind Ltd, was dragged into insolvency courts by a logistics handler over unpaid dues of $88,000, Reuters reported. Two weeks on, the matter was settled, with dues paid off. The case illus ...

Daily Headline - global.abi.org - 09/17/2017 - 23:10 - 0 comments

As China's Bond Market Opens, Global Funds See Watershed Moment

scrutiny from foreign investors. Citigroup Inc. estimates inflows of $3 trillion dollars by 2025. Opening ...

Daily Headline - global.abi.org - 09/17/2017 - 23:13 - 0 comments

Container Shipping: Surf’s Up

Industry volume growth is expected to hit 5 per cent this year, from 3.8 last year. Scrapping rates have ...

Daily Headline - global.abi.org - 09/17/2017 - 23:19 - 0 comments

Volkswagen Recalls Vehicles in China Over Faulty Airbags

Volkswagen will recall 4.86m vehicles sold in China over airbag problems, marking the latest blow for the German carmaker that has suffered numerous quality and distribution issues in the Asian country this year. VW will recall vehicles equipped with air ...

Daily Headline - global.abi.org - 09/14/2017 - 23:41 - 0 comments

India's RCom Shares, Bonds Weaken After Ericsson's Insolvency Petition

Shares in Reliance Communications fell as much as 2.3 percent in early trading on Thursday, a day after the Indian arm of Ericsson filed a petition seeking to drag the debt-laden telecom firm into ... Ambani. Read more. (India) Shares in Reliance Communications fell as much as 2.3 percent in ...

Daily Headline - global.abi.org - 09/14/2017 - 23:42 - 0 comments

Ericsson Files Insolvency Case Against India's Reliance Comms

Ericsson's Indian subsidiary has filed insolvency petitions against Reliance Communications and two of its companies to recover unpaid dues, the Indian mobile operator said in a stock exchange filing on Wednesday, the International New York Times ...

Daily Headline - global.abi.org - 09/13/2017 - 22:12 - 0 comments

China issues announcement to ban fundraising through token offerings

On 4 September 2017 seven Chinese government agencies (namely the People’s Bank of China, the Cyberspace Administration of China, the Ministry of Industry and Information Technology, the State Administration for Industry and Commerce, the China Banking R ...

Resource Article - twallace@abiwor... - 09/13/2017 - 10:20 - 0 comments - 0 attachments

China's LinkGlobal Could Enter Bidding for Air Berlin

Insolvent German airline Air Berlin has attracted buyer interest from China’s LinkGlobal Logistics, which is likely to join a growing list of suitors, German newspaper Bild said on Wednesday. The paper said LinkGlobal, which operates German regional airp ...

Daily Headline - global.abi.org - 09/13/2017 - 17:34 - 0 comments

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