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debt
Noble preps for a sale. Or at least its bonds do: Bloomberg Gadfly
SINGAPORE (March 7): If you believe the bond documents, Noble Group really is for sale.
March 07, 2017
Oceanus to get $38 mil in compensation for farms acquired by China government
SINGAPORE (March 6): Oceanus Group says the Gulei Zhen municipal government in China plans to compulsorily acquire 13 of its abalone farms for urban planning.
March 06, 2017
Loyz Energy places out new shares to wipe out debt
Year to date, Loyz Energy has gained 35% to close at 2.7 cents on Monday.
February 27, 2017
China Focus
Pimco says China needs to get tougher in cat-and-mouse debt game
BEIJING (Feb 24): Beijing’s “cautious tightening signals” are largely being ignored by banks and at the local level, where attention is focused on maintaining steady economic growth, especially with key Communist Party meetings looming this year, ac
February 24, 2017
Australian government to give budget update, top credit rating at risk
SYDNEY (Dec 19): Australia's conservative government will on Monday give an update on the national budget that could trigger a downgrade in the country's prized triple A credit rating and push up borrowing costs on over a trillion dollars of debt.
December 19, 2016
Singapore among weakest in Morgan Stanley's Asia ex-Japan debt scorecard
SINGAPORE (Sept 20): Companies in Asia excluding Japan have been taking on increasing debt, a study by Morgan Stanley found. While Taiwan, Korea, Indonesia, and India have the most favourable debt scores, Singapore, China, Malaysia, and Thailand have the
September 20, 2016
China bank demands immediate repayment of $19.3 mil from Novo Group
SINGAPORE (Sept 7): Steel trader and tin plate manufacturer Novo Group on Tuesday received a demand letter from China CITIC Bank International to Novowell ETP, a 95%-owned indirect subsidiary of the group, for the repayment of about US$14.3 million ($19.3
September 07, 2016
Credit-crimped companies rise to most since 2009, S&P says
(Sept 5): You’d have to go back to the months following the financial crisis to find so many companies facing potentially ruinous debt problems.
September 05, 2016
How oil & gas sector woes, and more, have hit Singapore banks hard
SINGAPORE (August 1): OCBC and UOB, Southeast Asia’s second and third-largest banks by assets, have posted 1H16 financial results which are testament to the “persistent challenges” that domestic banks are facing on asset quality and profitability, s
August 01, 2016