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  • July 23, 2014
  • Last updated: 6:37pm
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  1. Business - China Business - DEBT

    Bankruptcies rock loan guarantors in China

    Posted Jul 07th 2014, 05:26am by Daniel Ren

    ... Daniel Ren in Shanghai ren.wei@scmp.com The credit crisis in the mainland underground banking sectoris hitting lending service groups as bad debts grow and insolvencies escalate Bankruptcies rock loan guarantors Mainland loan guarantors have found themselves ensnared in the woes of the underground banking sector following a fresh wave of bankruptcies around the country. ...

  2. Business - Companies - LEGISLATION

    Workers' rights key for legislators in weighing up Hong Kong bankruptcy bill

    Posted Jul 07th 2014, 05:26am by Enoch Yiu

    ... the introduction of US-style Chapter 11 bankruptcy legislation in Hong Kong, the South China Morning Post has been told. The law change proposal, one of the items to be discussed by lawmakers ... companies sufficient time to restructure their debts and find new investors to inject capital. "This is much better than in Hong Kong, where many companies go into bankruptcy once ...

  3. Business - China Business - DEBT

    Chinese coal miner faces bankruptcy as cash supplies dwindle

    Posted Jul 08th 2014, 01:54am by BLOOM

    ... Bloomberg in Singapore and Shanghai Mainland firm Hidili, whose bonds are Asia's worst-performing, is searching for new funding Coal miner faces crisisas cash supplies dwindle Asia's worst-performing bond in the past year was issued by a mainlan ...

  4. Business - China Business

    Suntech seeks new cash after bankruptcy

    Posted Apr 30th 2014, 01:31am by BLOOM

    ... Bloomberg in New York Suntech seeks new cash after bankruptcy Suntech Power, the Chinese solar panel maker that is in bankruptcy proceedings, is seeking up to US$150 million to revive its ... bankruptcy in Manhattan in February this year to seek protection from US creditors. Suntech's main manufacturing unit in China, Wuxi Suntech Power, was pulled into onshore bankruptcy proceedings ...

  5. News - Asia - FINANCE

    Mt. Gox bitcoin exchange to liquidate after bankruptcy protection rejected

    Posted Apr 17th 2014, 01:24am by AFP

    ... Associated Press in Tokyo Mt. Gox bitcoin exchange set to liquidate The Mt. Gox bitcoin exchange in Tokyo is heading for liquidation after a court rejected its bankruptcy protection ... as Satoshi Nakamoto and are used for transactions across borders without third parties such as banks. They have also become an investment craze. Mt. Gox said that bankruptcy proceedings were likely ...

  6. News - World - CURRENCY

    Mt Gox finds 200,000 ‘forgotten’ bitcoins after bankruptcy filing

    Posted Mar 21st 2014, 10:46pm by Reuters

    ... that it found 200,000 "forgotten" bitcoins on March 7, a week after the Tokyo-based digital currency exchange filed for bankruptcy protection saying it lost nearly all the 850,000 bitcoins ... moving through the exchange after the bankruptcy filing. The exchange, headed by 28-year-old Frenchman Mark Karpeles, said the bitcoins were found in an old-format online wallet which it had ...

  7. News - World - FINANCE

    850,000 bitcoins lost as Mt Gox exchange files for bankruptcy

    Posted Feb 28th 2014, 07:04pm by Danny Lee and Agencies

    ... executive Mark Karpeles apologises for collapse of company Troubled bitcoin business Mt Gox yesterday filed for bankruptcy, ending days of speculation about the Tokyo-based company's dire financial situation. At a press conference at Tokyo District Court, Mt Gox's French CEO Mark Karpeles said the firm had applied for bankruptcy protection as it was saddled with 6.5 billion yen ...

  8. Business - Banking & Finance

    Lehman Brothers brokerage settles with Hong Kong branch

    Posted Jul 17th 2014, 01:22am by BLOOM

    ... documents filed on July 11 in United States Bankruptcy Court in New York. The Hong Kong entities claimed they were owed about US$405 million, while Giddens asserted US$411 million in claims against them, according to court papers. Under the accord, which requires approval by both the US bankruptcy court and the court in Hong Kong, Giddens will recover assets with a value of approximately ...

  9. News - World - ITALY

    Rome spared bankruptcy by federal bailout

    Posted Mar 01st 2014, 06:49pm by The Guardian in Rome

    ... of a week which saw the spectre of bankruptcy loom large over the ancient capital, the Italian federal government said it had approved a last-minute decree that would give an urgently-needed ...

  10. News - Asia - ANALYSIS: FLIGHT MH17

    Will Malaysia Airlines recover from disaster? Here are 5 companies which never did

    Posted Jul 22nd 2014, 04:30pm by James Griffiths

    ... flight TWA 800 exploded and crashed into the Atlantic Ocean 12 minutes after takeoff from JFK International Airport in New York, killing all 230 people on board. TWA filed for bankruptcy ... Entergy filed for bankruptcy in 2005. The storm, which caused the deaths of at least 1,800 people, cost Entergy upwards of US$1 billion, of which US$425 million fell on the New Orleans subsidiary, ...




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