Results for China
- China's Kaisa To Unveil Offshore Debt Restructuring Plan On March 9
China property developer Kaisa Group Ltd will hold a conference call for its offshore bondholders next week to discuss a proposed restructuring plan, a notice on the company's website said, Reuters reported. The call, to be held on Monday morning at ...
Daily Headline - global.abi.org - 03/08/2015 - 22:11 - 0 comments
- China on Long, Slow Road to Reform
A new Chinese policy plan that promotes a shift to an economy driven by consumers and entrepreneurial vigor also recognizes that the transition from state spending and smokestack industries is years away, The Wall Street Journal reported. The annual ...
Daily Headline - global.abi.org - 03/05/2015 - 22:28 - 0 comments
- China Developer Kaisa Announces Onshore Debt Restructuring Plan
Troubled Chinese property developer Kaisa Group announced an onshore debt restructuring plan involving 48 billion yuan ($7.6 billion) in a move aimed at restoring the financial and operational stability of the company. The debt plan, which would not enta ...
Daily Headline - global.abi.org - 03/02/2015 - 22:36 - 0 comments
- China Official PMI Shrinks for a Second Straight Month
Hours after China's central bank cut interest rates to battle slowing growth and rising deflationary risk, an official survey showed on Sunday that activity in China's factory sector contracted for a second straight month in February, the Int ...
Daily Headline - global.abi.org - 03/01/2015 - 21:33 - 0 comments
- China's Shandong Calls In African Minerals Debt
African Minerals said on Friday its Chinese partner in its sole asset, the Tonkolili iron ore project in Sierra Leone, has taken on some of its multi-million dollar debt and is demanding repayment, Reuters reported. The loan is secured against certain as ...
Daily Headline - global.abi.org - 03/01/2015 - 21:37 - 0 comments
- Spooked by Yuan Drop: China’s Megarich
China’s superrich are nervously watching as the Chinese currency weakens against the dollar, The Wall Street Journal reported. Because of the extreme concentration of money at the apex of Chinese society, national stability rests to an extraordinary ...
Daily Headline - global.abi.org - 02/24/2015 - 21:51 - 0 comments
- Chinese Provinces Turn To Old Investment And Easing Playbook
Chinese provincial governments have unveiled ambitious investment plans in recent weeks in a bid to shore up flagging growth, even as the central government in Beijing pledges to reduce the country’s heavy reliance on fixed investment, the Financial Ti ...
Daily Headline - global.abi.org - 02/16/2015 - 18:56 - 0 comments
- Kaisa Faces $5.7 Billion of Payments Amid Debt Restructuring
Kaisa Group Holdings Ltd. is seeking to expedite a debt restructuring as the troubled developer said it faces as much as 35.5 billion yuan ($5.7 billion) of repayments to creditors this year, Bloomberg News reported. An initial meeting with onshore lende ...
Daily Headline - global.abi.org - 02/16/2015 - 18:57 - 0 comments
- Kaisa Investors Wary on Bond Coupon Payments Next Month
Offshore bond investors of Kaisa Group Holdings Ltd. are becoming increasingly concerned about the risk the troubled Chinese developer embroiled in an anti-graft investigation could miss coupon payments next month, Bloomberg News reported. Kaisa must pay ...
Daily Headline - global.abi.org - 02/12/2015 - 23:22 - 0 comments
- China's Dangerous Debt Drag
The idea that China can borrow indefinitely in order to prop up growth simply doesn't wash, Bloomberg View reported in an analysis. In a new report on the world's growing debt glut, McKinsey highlights three huge risks: unsustainably high gover ...
Daily Headline - global.abi.org - 02/09/2015 - 23:26 - 0 comments