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Where does Noble go from here? Consider these scenarios
SINGAPORE (May 18): A quarter of unexpected losses, the implications of sustained cash burn, and inadequate guidance have now snowballed into a crisis of market confidence for Noble Group.
May 18, 2017
Results
Loyz Energy back in the black with 3Q earnings of $0.4 mil on oil price rally
SINGAPORE (May 12): Oil explorer Loyz Energy has announced earnings of US$0.3 million ($0.4 million) for 3Q17, reversing from the US$18.2 million loss posted in the same period a year ago.
May 12, 2017
Global Economy
Australia's AAA rating is back under the microscope
SYDNEY (May 9): Australia’s AAA rating is again under the microscope as the government prepares to deliver a budget Tuesday that appears long on spending pledges and short on savings.
May 09, 2017
China’s deleveraging bill tops US$500 bil
SINGAPORE (May 8): How much pain can Chinese leaders stomach? It’s becoming a key question for investors as the government’s stepped up campaign to rein in financial leverage ripples through markets.
May 08, 2017
Addvalue Tech sets up $13.1 mil war chest for satellite services
SINGAPORE (May 2): Addvalue Technologies, the provider of digital, wireless and broadband communications technology products, has raised a $13.1 million war chest to accelerate its growth plans and commercialisation of the group’s proprietary offering o
May 02, 2017
China Focus
Bond buyers blacklist some Chinese provinces after run of defaults
SHANGHAI (April 27): Investors are becoming more discerning when it comes to the origin of Chinese debt.
April 27, 2017
Rickmers Maritime to wind up after failing to reach deal with lenders
SINGAPORE (April 12): Rickmers Maritime, a Singapore-listed trust that operates container ships, said it would be wound up after it was unable to reach an agreement with its lenders to restructure its debt or raise new equity.
April 12, 2017
Global Economy
In Japan, zero public companies went bust in 2016
TOKYO (April 5): Corporate Japan achieved a rare feat in the fiscal year that ended last week. Not one of its almost 4,000 publicly-traded firms filed for bankruptcy protection.
April 05, 2017
Triyards says no going concern worries, to review potential impact of Ezra bankruptcy filing
SINGAPORE (March 22): Triyards Holdings, the 60%-owned subsidiary of beleaguered offshore company Ezra Holdings, says it is in the midst of assessing the potential impact of Ezra’s recent bankruptcy filing on the group – but, at this stage, does not
March 22, 2017
Singapore's looming debt wall fuels concern as Ezra stumbles
SINGAPORE (March 20): Default fears are resurfacing in Singapore ahead of a wall of maturing corporate debt, as a U.S. bankruptcy filing of a firm from the city flags lingering pain despite economic recovery.
March 20, 2017