Hong Kong

Li & Fung Ltd., which supplies retailers worldwide, declined in Hong Kong trading after client Arcandor AG, a German department-store operator, filed for insolvency, Bloomberg reported. Arcandor contributes about 5 percent, or $700 million, of Li &am ...

Daily Headline - global.abi.org - 06/10/2009 - 10:16 - 0 comments

Court-appointed administrators overseeing Lehman Brothers Holdings Inc.'s global bankruptcy proceedings have signed a multilateral agreement allowing them to share information and coordinate the insolvency process as the financial services firm wend ...

Daily Headline - global.abi.org - 05/27/2009 - 09:27 - 0 comments

Bankruptcy petitions in Hong Kong in April jumped 56 percent from a year earlier, totalling 1,490, as the territory struggled with economic recession, although that was lowest monthly total since January, government data showed on Friday, Reuters reporte ...

Daily Headline - global.abi.org - 05/15/2009 - 08:20 - 0 comments

Bank of America Corp., seeking to bolster its financial standing in the face of new government requirements, raised $7.3 billion from Asian investors Tuesday through the sale of a roughly 5.7% stake in China Construction Bank Corp., according to people f ...

Daily Headline - global.abi.org - 05/12/2009 - 07:18 - 0 comments

quarter of 2008 and in the fourth quarter, the city's gross domestic product shrank 2.0% from the ...

Daily Headline - global.abi.org - 04/17/2009 - 08:51 - 0 comments

All around Asia, leveraged finance professionals are reinventing themselves as restructuring specialists, a survival strategy amid layoffs and a slowed pipeline of splashy public offerings, mergers and acquisitions, The Wall Street Journal reported. ...

Daily Headline - global.abi.org - 04/13/2009 - 08:06 - 0 comments

Larry Yung quit as chairman of Citic Pacific Ltd. after the biggest currency loss reported by a Chinese company triggered a police investigation, Bloomberg reported. Yung, the son of a former Chinese vice president, will be replaced by Chang Zhenming, 52 ...

Daily Headline - global.abi.org - 04/08/2009 - 07:15 - 0 comments

Invista Real Estate, the UK's largest listed property fund manager, is poised to buy the Asian property business of Babcock & Brown, the Australian investment house that was placed into voluntary administration last month, the Financial Times ...

Daily Headline - global.abi.org - 04/07/2009 - 07:27 - 0 comments

A tiny default by a Russian aircraft-leasing company is sending ripples through the much larger market for the country's debt, The Wall Street Journal reported. The default by Finance Leasing Co. on $250 million of bonds is the first by a Russia ...

Daily Headline - global.abi.org - 03/23/2009 - 09:59 - 0 comments

rate rose for the sixth consecutive month to a nearly three-year high of 5.0% in February. Hong Kong ... product shrank 2.0% from the previous quarter. Read more. (Subscription required.) (Asia, ...

Daily Headline - global.abi.org - 03/20/2009 - 10:47 - 0 comments