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  • July 23, 2014
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  1. Business - Commodities - ENERGY

    Populism adds to pressures on debt-laden Indian utilities

    Posted Mar 12th 2014, 01:26am by BLOOM

    ... Bloomberg in New Delhi Populism adds to pressures on debt-laden Indian utilities In India, sporadic power failures have hobbled Asia's third-largest economy for years. The government's solution was a US$31 billion bailout of utilities, whose debts were so big and cash flow so small that they could not provide a steady supply of electricity to homes and businesses. Now ...

  2. News - China - CRIME

    Not a clean getaway! Cleaver-wielding bank robber foiled by elderly cleaner with mop

    Posted Jul 16th 2014, 03:20pm

    ... Mandy Zuo mandy.zuo@scmp.com Man with gambling debts enters Shanghai bank with a knife, but an elderly cleaner, two guards and two other men end the incident WATCH: Bank robber thrashed ... make his escape. The unidentified 35-year-old man, who ran up debts of about 4 million yuan (HK$5 million) gambling on World Cup soccer matches, ran into the Beicai branch of the Agricultural ...

  3. Business - Economy

    Greek plan to return to debt markets worries creditors

    Posted Mar 11th 2014, 01:13am by BLOOM

    ... Bloomberg in Athens Concerns grow over the country's commitment to economic reforms Greece's borrowing plan fuels worries Greece's plan to return to debt markets this year ... out of control. With the ECB's government-debt assurances fuelling a rally across euro-area sovereigns, Prime Minister Antonis Samaras says he intends to tap markets again, marking ...

  4. Business - Economy

    Global debt tops US$100tr as recession hits

    Posted Mar 11th 2014, 01:13am by BLOOM

    ... Bloomberg in London Borrowing has surged 40pc since 2007 as governments seek to fund growth Global debt tops US$100tr as crisis hits The amount of debt globally has soared more than 40 per ... for International Settlements and data compiled by Bloomberg. The jump in debt as measured by the Basel-based BIS in its quarterly review is almost twice the United States economy. Borrowing has soared ...

  5. News - China - DEVELOPMENT

    Xi Jinping hails 'new horizons' for China and Argentina on visit to Buenos Aires

    Posted Jul 20th 2014, 06:13am by Reuters

    ... US$7.5 billion from China at a time when the Latin American country cannot tap global capital markets because of disputes over unpaid debt. Among the deals, Xi and his Argentine counterpart ...

  6. Business - Companies - TRANSPORT

    MTR lands £1.4b contract to run London Crossrail

    Posted Jul 19th 2014, 03:42am by CHIM SAU-WAI

    ... On the mainland, the MTR is keen to promote its rail-and-property model as a solution to debt-laden railway businesses. The company already has experience working with Transport of London and it also ...

  7. Comment - Insight & Opinion - LEADER

    Beijing should resist pressure to turn on the fiscal tap

    Posted Jul 20th 2014, 04:13am by SCMP Editorial

    ... domestic consumption and away from reliance on investment and excessive debt. As it is, reform could stall when it has barely begun, for a number of reasons. One is Xi's crackdown ...

  8. News - Hong Kong - COURTS

    Rafael Hui failed to declare interest, trial told

    Posted Jul 22nd 2014, 03:58am by Austin Chiu

    ... including their loans and debts." Thomas Kwok, 62, faces one charge of conspiracy to offer an advantage to Hui and two counts of conspiracy to commit misconduct in public office. Raymond Kwok, ...

  9. News - World - CUBA

    Havana calling: Russia agrees to reopen spy base in Cuba, report says

    Posted Jul 16th 2014, 10:15pm by AFP

    ... to write off 90 per cent of Cuba's debt dating back to the Soviet era, totalling about US$32 billion. Agence France-Presse ...

  10. Business - China Business - CREDIT RATINGS

    Echoes of US subprime seen in China debt ratings

    Posted Mar 08th 2014, 01:40am by BLOOM

    ... Bloomberg Market warned that competition among China's rating agencies is leading to a fall in standards Echoes of US subprime seen in China debt ratings Competition among ... was due yesterday. The solar cell maker sold one billion yuan of five-year debt in March 2012 and the notes were rated AA, the fourth-highest investment grade, by Pengyuan Credit Rating when ...




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