China

As much of the world struggles to clamber out of a serious recession, a gradual flow of economic power from West to East has turned into a flood, The New York Times reported. Beijing’s state-run news media, indulging in a moment of self-congratulatio ...

Daily Headline - global.abi.org - 01/12/2010 - 09:06 - 0 comments

With property prices soaring in key cities, many investors and bankers worry that China has the next great real estate bubble waiting to be popped, The Washington Post reported. The Chinese government is worried, too. On Sunday, the nation's cab ...

Daily Headline - global.abi.org - 01/11/2010 - 09:30 - 0 comments

Chinese Premier Wen Jiabao warned of growing inflation expectations in a rare domestic media interview, expressing concerns about the nation's fast-rising real-estate prices and acknowledging that Beijing may be paying a price for its aggressive res ...

Daily Headline - global.abi.org - 12/28/2009 - 09:48 - 0 comments

When a Seattle-based Chinese language program in Beijing suddenly canceled classes and shut down, more than a dozen students were left stranded, though they had prepaid their tuition and housing, The Seattle Times reported. Now, the company's Se ...

Daily Headline - global.abi.org - 12/28/2009 - 09:47 - 0 comments

Las Vegas Sands Corp. Chairman Sheldon Adelson Monday said he expects to restart construction on the casino operator's delayed resort projects in Macau in about five months, with the first two phases of the project to be completed by the end of 2011 ...

Daily Headline - global.abi.org - 12/22/2009 - 10:54 - 0 comments

It was a year of massive stimulus packages, rising unemployment and the bankruptcy of General Motors and other big names; but 2009 ended with America’s big banks beginning to repay their huge bail-outs and China leading an incipient world recovery. Read ...

Daily Headline - global.abi.org - 12/21/2009 - 10:33 - 0 comments

Chinese lenders are using a little-understood financial transaction to move loans off their balance sheets, a trend that raises questions about transparency in one of the world's biggest banking industries, according to analysts in China who have st ...

Daily Headline - global.abi.org - 12/18/2009 - 12:18 - 0 comments

Royal Bank of Scotland Group PLC's ABN Amro operations in China said it has uncovered potential irregularities within its small and medium-size enterprise banking business in response to a Wall Street Journal inquiry. The scale and nature of the ...

Daily Headline - global.abi.org - 12/16/2009 - 10:08 - 0 comments

The International Banking Corp., a Bahrain-based provider of commercial loans, filed a Chapter 15 bankruptcy petition, seeking protection from U.S. creditors, The China Post reported. TIBC had assets of US$4 billion and liabilities of US$2.6 billion ...

Daily Headline - global.abi.org - 04/21/2010 - 17:34 - 0 comments

Solar Systems, the company that was to develop the world's biggest solar power station in Victoria, has until mid-February to find a buyer or go into liquidation, The Sydney Morning Herald reported. A second meeting of creditors in Melbourne yes ...

Daily Headline - global.abi.org - 12/14/2009 - 12:03 - 0 comments