Hong Kong

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Foreigners Sweat as Chinese Firms Teeter

Foreign lenders that rushed into China in recent years are watching nervously as a number of companies there teeter on the brink of insolvency. Their worry: The nation's bankruptcy laws may leave them with virtually nothing, The Wall Street Journa ...

Daily Headline - global.abi.org - 03/05/2009 - 11:46 - 0 comments

Hong Kong Government Expects Further GDP Contraction

Financial Secretary John Tsang predicted Wednesday the Hong Kong economy will contract by 2% to 3% this year, and he pledged to boost government spending to ease the pains of a deepening recession, The Wall Street Journal reported. Mr. Tsang said in ...

Daily Headline - global.abi.org - 02/25/2009 - 09:53 - 0 comments

Lehman Asks To Employ Jones Day

Lehman Brothers Holdings Inc. has asked the bankruptcy court to let it retain Jones Day as special counsel to help the former financial services company with issues that have arisen in the Asia-Pacific region related to its Chapter 11 case. In a motion f ...

Daily Headline - global.abi.org - 04/21/2010 - 17:24 - 0 comments

Elgin Investments in Receivership

Another company headed by Christchurch property developer Dave Henderson is in receivership, The Press reported. Receivers were appointed to Elgin Investments Ltd on December 5, Companies Office records show. The company owns the Sydenham Central Mall (f ...

Daily Headline - global.abi.org - 04/13/2010 - 15:29 - 0 comments

HK Lawmakers Slam HSBC Role in Lehman Bonds Sale

Hong Kong lawmakers slammed HSBC for helping to sell Lehman Brothers bonds in the Chinese territory, questioning if Europe's largest bank should have done more to protect local investors from products that may be worthless in the aftermath of the Wa ...

Daily Headline - global.abi.org - 04/13/2010 - 15:29 - 0 comments

GM Supplier Delphi Suspends Work at China Factory

U.S. car parts maker Delphi Corp. has suspended work at a factory in Suzhou due to shrinking demand amid the global economic slump, a media report and a staff member said Monday. The factory west of Shanghai in the city of Suzhou makes compressors for Ge ...

Daily Headline - global.abi.org - 04/13/2010 - 15:29 - 0 comments

China Sets Big Stimulus Plan In Bid to Jump-Start Growth

China unveiled an economic stimulus program it billed as totaling $586 billion, aiming to bolster domestic demand and help avert a global recession, the Wall Street Journal Asia reported today. Though the two-year package appeared to include some previou ...

Daily Headline - global.abi.org - 04/13/2010 - 15:28 - 0 comments

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