Hong Kong

Results for Hong Kong

Cosco/OOIL: Banking on an Upturn

Hong Kongers are generally reluctant to relinquish control to Beijing. But a cash offer at a 31 per cent premium to Friday’s closing price convinced the family of the territory’s former chief executive, Tung Chee-Hwa, to sell its 68 per cent stake in Ori ...

Daily Headline - global.abi.org - 07/10/2017 - 22:04 - 0 comments

Noble Seeks Debt Waiver From Lenders

Noble Group, the Hong-Kong based commodity trader, has asked lenders to waive a debt covenant tied to a $1.1bn credit line that matures next year while it continues work on a plan to recapitalise the business, the Financial Times reported. Noble want ...

Daily Headline - global.abi.org - 07/06/2017 - 22:12 - 0 comments

Isda to Decide Whether Noble Loan Extension Will Trigger CDS Payout

The International Swaps and Derivatives Association (Isda) will meet on Thursday to decide whether an extension of one of Noble Group’s loan facilities will trigger a payout on credit-default swaps (CDS) linked to the struggling commodities trader, the ...

Daily Headline - global.abi.org - 06/20/2017 - 21:33 - 0 comments

Noble Group's $2 Billion Loan Deal Prompts Default-Swap Question

Just days after Noble Group Ltd. secured a $2 billion loan extension, some investors in the credit protection market are looking to get paid. The International Swaps & Derivatives Association has been asked to decide whether a four-month loan extensi ...

Daily Headline - global.abi.org - 06/19/2017 - 22:39 - 0 comments

Isda to Decide Whether Noble Loan Extension Will Trigger CDS Payout

The International Swaps and Derivatives Association (Isda) will meet on Thursday to decide whether an extension of one of Noble Group’s loan facilities will trigger a payout on credit-default swaps (CDS) linked to the struggling commodities trader, the ...

Daily Headline - global.abi.org - 06/20/2017 - 21:28 - 0 comments

Noble Group Slips Further as Banks Weigh Options

Noble Group took another tumble on Wednesday following a report the company’s main banks are in last-ditch talks over whether to give the commodities trader more time to find a white knight investor or to force it into restructuring or liquidation. the ...

Daily Headline - global.abi.org - 06/06/2017 - 23:25 - 0 comments

Noble Group Shares Routed as S&P Flags Risk of Possible Default

Noble Group Ltd.’s crisis deepened on Tuesday after S&P Global Ratings flagged the risk that the embattled commodity trader may default on its debt, triggering a 36-minute plunge in the company’s shares, an exchange query, and a trading halt ahead of ...

Daily Headline - global.abi.org - 05/23/2017 - 00:04 - 0 comments

Hong Kong Court Hears Moody's Appeal Over 'Red Flags' Report

Hong Kong's Court of Appeal on Wednesday began hearing Moody's appeal against a tribunal decision that partly upheld regulatory action imposed on it for a report on Chinese firms, in what is considered a landmark case for the financial centre. ...

Daily Headline - global.abi.org - 01/11/2017 - 00:26 - 0 comments

Hong Kong Losing Status As China’s ‘Great Mall’

Kingdom Jewellery is trying to stand out among the eerily quiet luxury stores in Hong Kong’s Causeway Bay, once the world’s most expensive shopping district in terms of rents. But while it has hung signs promoting a “crazy sale” and payment by instalment ...

Daily Headline - global.abi.org - 09/11/2016 - 20:36 - 0 comments

Hacked Bitcoin Exchange’s Clients to Take 36% Loss

Crypto-currency exchange Bitfinex, which lost $72 million to hackers last week, told customers on Sunday they would lose just over 36 percent of the assets they had on the platform but would be compensated for these losses with tokens of credit, the In ...

Daily Headline - global.abi.org - 08/07/2016 - 21:46 - 0 comments

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