Results for China
- Creeping Shadows: Now China’s Brokerages Are Making Loans
Having trouble borrowing from the banks? Or trusts? Or pawn shops, underground lenders, wealth management products, corporate finance companies, or small-loan companies? Don’t worry. China’s securities companies are also in the loan game, The Wall Stre ...
Daily Headline - global.abi.org - 05/15/2013 - 21:06 - 0 comments
- Suntech Reaches New Forbearance Deal with Bondholders
Suntech Power Holdings Co. reached a new forbearance agreement with the majority of holders of the company's 3% convertible notes, giving the solar-panel maker more time to work on its restructuring plans, Dow Jones Newswires reported. A principal p ...
Daily Headline - global.abi.org - 05/15/2013 - 21:07 - 0 comments
- Suntech Revenue Drops as Debt Restructuring Talks Advance
Suntech Power Holdings Co., the Chinese solar company with its main unit in bankruptcy proceedings, said the subsidiary will meet with creditors earlier than anticipated as it reported a 48 percent drop in revenue last year, Bloomberg reported. Wuxi Sunt ...
Daily Headline - global.abi.org - 05/01/2013 - 21:36 - 0 comments
- China Slowdown Shows Struggle To Channel Money Into Real Economy
A credit boom in China failed to keep economic recovery on track in the first quarter, suggesting the cash sloshing around the economy is not yielding the desired effect of stoking growth and could instead exacerbate property and inflationary risks, Reut ...
Daily Headline - global.abi.org - 04/16/2013 - 21:13 - 0 comments
- China's Suntech May Sell Assets, Seek Strategic Investor
Cash-strapped Chinese solar panel maker Suntech Power Holdings Co Ltd is seeking to sell some assets and bring in a strategic investor to repay debt and revitalise the company, a person with direct knowledge of the matter told Reuters on Wednesday. " ...
Daily Headline - global.abi.org - 04/10/2013 - 21:18 - 0 comments
- Fitch Downgrades China’s Credit Rating
China’s sovereign credit rating has been cut by a major international agency for the first time since 1999 with Fitch raising concerns on Tuesday that the country’s rising debt problems will require a government bailout, the Financial Times reported. ...
Daily Headline - global.abi.org - 04/09/2013 - 22:55 - 0 comments
- China Local Debt May Top Estimates, Former Minister Says
China’s local governments may have more than 20 trillion yuan ($3.2 trillion) of debt, former Finance Minister Xiang Huaicheng said, almost double the figure given in a 2011 report by the National Audit Office, Bloomberg reported. The combined debt of Ch ...
Daily Headline - global.abi.org - 04/07/2013 - 21:11 - 0 comments
- Suntech Unit Bankruptcy Had Roots in Deadbeat Customers
Suntech Power Holdings Co., forced to put its Chinese solar unit into bankruptcy last month, began that slide into insolvency in 2009 when customers linked to the founder couldn’t pay their bills and the company booked the sales as revenue anyway, regula ...
Daily Headline - global.abi.org - 04/02/2013 - 20:48 - 0 comments
- Chinese Banks’ Bad Loan Ratios Shrink as Defaults Averted
Bank of China Ltd., the fourth-largest, non-performing loans dropped to 0.95 percent of the total from ...
Daily Headline - global.abi.org - 03/26/2013 - 23:08 - 0 comments
- In Suntech's China Home, High Hopes For A Bailout
The local government in Suntech Power Holdings Co Ltd's home town is seeking to bail out China's biggest solar panel maker to stave off its collapse, a person with knowledge of the matter told Reuters on Thursday. One proposal under considerati ...
Daily Headline - global.abi.org - 03/21/2013 - 23:16 - 0 comments