Friday , March 24 2017

International News

Top India paper maker’s debt crisis deepens as imports rise


  Bloomberg Creditors of India’s largest paper maker Ballarpur Industries Ltd. may face costly unintended consequences from punitive US duties on some of the company’s Asian competitors. Ballarpur invested heavily in recent years to modernize its production facilities, and now may not be able to avoid defaulting on its debts, ...

Read More »

Westinghouse bankruptcy may limit Toshiba’s looming losses

  Bloomberg Toshiba Corp., reeling from an impending multibillion-dollar writedown in its Westinghouse Electric unit, has been battered to the point where a possible bankruptcy of the nuclear equipment business is being cheered by investors. Shares in the electronics conglomerate rose 6.9 percent in Tokyo, the most in a month, ...

Read More »

Daewoo Shipbuilding to get second lifeline from creditors

Daewoo Shipbuilding & Marine Engineering¡¯s shipyard is seen in Geoje, South Korea, March 23, 2017.   Kim Dong-min/Yonhap via REUTERS   ATTENTION EDITORS - THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY. SOUTH KOREA OUT. FOR EDITORIAL USE ONLY. NO RESALES. NO ARCHIVE.

  Bloomberg Daewoo Shipbuilding & Marine Engineering Co. could receive another lifeline from lenders as the world’s biggest shipbuilder needs cash to complete work on pending orders to stay afloat. Korea Development Bank and Export-Import Bank of Korea will provide 2.9 trillion won ($2.6 billion) in additional loans and swap ...

Read More »

Vietnam among leaders of Asia’s infrastructure race

epa04689688 A TV tower of national broadcaster Vietnam Television (VTV) (C) is seen in Hanoi, Vietnam, 02 April 2015. VTV plans to build the highest TV tower in the world, according to local media reports. The height of the future TV tower will be 636 meters, according to VTV general director Tran Binh Minh. Japan's Tokyo Skytree is the world's highest TV tower at present, reaching a height of 634 meters.  EPA/LUONG THAI LINH

  Bloomberg It may be one of the smallest economies in Asia, but Vietnam is among those leading the infrastructure race. Vietnam’s public and private sector infrastructure investment averaged 5.7 percent of gross domestic product in recent years, the highest in Southeast Asia and compares with 6.8 percent in China, ...

Read More »

UK CEOs take pay cuts as investors scrutinize wages


  Bloomberg Bosses of Britain’s public companies rarely look forward to facing off with their shareholders, but the run-up to this year’s annual general meeting season is provoking a particularly strong sense of anxiety. Executive pay is high on the political agenda, with the government wrapping up a consultation exercise ...

Read More »

Californians snub free EVs, say carmakers in mandate push back


  Bloomberg The proportion of Californians making electric cars their new set of wheels has stayed flat for years even though incentives make some models basically free to lease, a trade group told state regulators that may toughen up already-stringent rules. With state rebates, federal tax credits and manufacturer discounts, ...

Read More »

Asia trade talks chief warns against ‘new TPP’

Container stack and cargo ship under crane bridge

  Bloomberg The chief negotiator of a 16-nation Asia trade pact expressed hope that talks can be concluded this year if member nations refrain from introducing elements of a separate deal derailed by US President Donald Trump. Iman Pambagyo, trade negotiating committee chief for the Regional Comprehensive Economic Partnership, said ...

Read More »