Hong Kong

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Rusal 'Very Comfortable' With Debt Level

Russian aluminum giant UC Rusal is "very comfortable" with its debt levels and confident about meeting its debt-restructuring obligations, the company's deputy chief executive said. The executive, Artem Volynets, also said the company has ...

Daily Headline - global.abi.org - 01/12/2010 - 09:08 - 0 comments

Sands to Complete Macau Projects in 2011

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

Nakheel Creditors May Get Waterfront Land in Default

Nakheel PJSC creditors may win the right to seize a strip of barren waterfront land the size of Manhattan if the company defaults on the $3.5 billion bond backing the development, Bloomberg reported. Investors will be able to seek foreclosure on the prop ...

Daily Headline - global.abi.org - 12/08/2009 - 09:05 - 0 comments

Abalone Farm’s $270,000 Grant

Kangaroo Island Abalone has received a State Government grant of $270,000 to upgrade electricity infrastructure at its east farm, The KI Islander reported. The farm has been run solely on diesel generated power since 2005 and general manager Justin H ...

Daily Headline - global.abi.org - 11/27/2009 - 01:10 - 0 comments

Hong Kong Sept Bankruptcies Up 31 Percent

Bankruptcy petitions in Hong Kong continued to surge in September, rising 31 percent from a year earlier, despite an improving economic environment, government data showed on Friday. Bankruptcy petitions totalled 1,142 in September, up from 873 a year ea ...

Daily Headline - global.abi.org - 10/16/2009 - 09:18 - 0 comments

Hong Kong August Bankruptcies Rise 33 Percent Year Over Year

Bankruptcy petitions in Hong Kong rose by 33 percent in August from a year earlier, government data showed on Friday, as companies continued to grapple with weak business conditions, Reuters reported. However, petitions fell from the previous month for a ...

Daily Headline - global.abi.org - 09/21/2009 - 08:14 - 0 comments

China to Issue Yuan-Denominated Bonds in Hong Kong

The Chinese Ministry of Finance said Tuesday that it would issue 6 billion yuan worth of government bonds in Hong Kong, a major step to internationalize its currency at a time of concern about the dollar, The New York Times reported. The yuan bond is ...

Daily Headline - global.abi.org - 09/08/2009 - 09:16 - 0 comments

Hong Kong July Bankruptcies Up 36 Percent Year Over Year

Bankruptcy petitions in Hong Kong surged 36 percent in July from the same month a year ago, but the jump was lower than an 89 percent year-on-year rise in June as the economy picked up, government data showed on Friday. The territory recorded 1,475 bankr ...

Daily Headline - global.abi.org - 08/24/2009 - 10:35 - 0 comments

Hong Kong June Bankruptcies Surge 89 Percent

Bankruptcy petitions in Hong Kong accelerated in June, surging 89 percent from a year earlier, government data showed on Friday, contrasting with other data suggesting the economy may be bottoming out, Reuters reported. Petitions also rose on a monthly b ...

Daily Headline - global.abi.org - 07/17/2009 - 09:43 - 0 comments

Hong Kong May Bankruptcies Up 54 Percent Year Over Year

Bankruptcy petitions in Hong Kong in May jumped 54 percent from a year earlier, totalling 1,417, as the territory continued to struggle with economic recession, but they fell on a monthly basis for a second straight month, government data showed on Frida ...

Daily Headline - global.abi.org - 06/19/2009 - 08:00 - 0 comments

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