Subscribe free to our newsletters via your
News About The Global Economy
May 27, 2015
China bottle maker declares default on $100 mn bonds
Shanghai (AFP) May 26, 2015
A Chinese bottle supplier for Coca-Cola and PepsiCo said Tuesday it was unable fully to repay nearly $100 million worth of bonds, the latest default as growth slows in the world's second-largest economy. Zhuhai Zhongfu Industrial Co. has 590 million yuan ($96.6 million) of bonds due on Thursday but will only be able to return a quarter of the principal, it said in a statement to the Shenzhen Stock Exchange, where it is listed. China has seen several bond defaults from both private companies and ... read more

.
Buy Advertising Media Advertising Kit Editorial & Other Enquiries Privacy statement
Free Newsletters - Space News - Defense Alert - Environment Report - Energy Monitor

Satellite Services supplies on-board sub-systems for smallsats and microsats.
..
Taiwan lowers growth forecast in face of rival China
..
Goldin stocks mixed after Hong Kong collapse
..
Few signs of life in 'China's Manhattan'
..
Tempur-Pedic Mattress Comparison & Memory Foam Mattress Review
. .
24/7 News Coverage
Study shows influence on climate of fresh water during last ice age

How supercooled water is prevented from turning into ice

The Arctic: Interglacial period with a break

Planktonic world: The new frontier

Sudden onset of ice loss in Antarctica detected

New model predicts fish population response to dams

Savannahs slow climate change

..
Moody's: Upstream defaults could double
The default rate for oil and gas companies with lower credit ratings could more than double in the coming year, Moody's Investors Service said. ... more
..
Two more Hong Kong stocks collapse after Hanergy crash
Two of Hong Kong's best-performing stocks plunged more than 40 percent Thursday, a day after a mysterious crash of almost 50 percent in Chinese solar firm Hanergy that saw almost $20 billion wiped off its market value. ... more
..
Cyber attacks a growing threat for US financial system
Online attacks by ever-skillful hackers are a growing threat to the stability of the US financial system, according to a report by a top-level government panel released Tuesday. ... more
..
Cashing out: millions 'disappear from China bank accounts'
A businesswoman deposited the equivalent of almost US$2 million at a branch of China's largest bank but only US$20 remained after most of it was transferred without her authorisation, state media reported. ... more
..
Study: CEO greed is bad for business
In attempting to both measure and tease out correlations among factors like CEO greed, arrogance and company performance, researchers at the University of Delaware found business leaders can be both too greedy and too altruistic - both to the detriment of employees and profits. ... more
..
China April economic data at multi-year lows
Multiple Chinese economic indicators missed expectations Wednesday, with consumption and investment growth figures falling to multi-year lows, underlining sluggish momentum in the world's second-largest economy. ... more
..
HSBC subsidiary announces sale of 10% stake in Chinese bank
Hang Seng Bank, a Hong Kong-based subsidiary of British banking giant HSBC, on Tuesday announced the sale of a 10 percent stake in China's Industrial Bank in a transaction that could be worth $4.74 billion. ... more
..
China consumer inflation rises subdued 1.5% in April
Consumer inflation in China rose to 1.5 percent in April, authorities said Saturday, but came in below market forecasts and analysts called for more action to avoid deflation in the world's second-largest economy. ... more
Free Newsletters - Space News - Defense Alert - Environment Report - Energy Monitor
..
China manufacturing index at one-year low: HSBC
China's manufacturing activity recorded its worst contraction in a year in April, a survey by HSBC showed Monday, as subdued domestic demand weighed on growth in the world's second-largest economy. ... more
..
Japanese inflation ticks up, but spending still weak
Japanese inflation picked up in March for the first time in 10 months, data showed Friday, but household spending tumbled in a worrying sign for consumer confidence. ... more
..
China April manufacturing gauge stays at 50.1: govt
China's manufacturing activity expanded in April for the second straight month but failed to accelerate, the government said Friday, as the world's second-largest economy struggles to pick up steam. ... more
..
China announces measures to boost creativity, jobs
China on Friday announced measures aimed at promoting innovation and job creation, state media said, as authorities seek to ensure that slowing economic growth doesn't harm employment. ... more
..
Study: Electricity usage can predict stock market
For many, predicting future stock prices seems like little more than rolling the dice. But it turns out, something as simple as electricity use can anticipate next year's returns. ... more
..
HSBC considers moving HQ out of UK amid bank clampdown
Global banking giant HSBC on Friday said it had launched a review on whether to remain headquartered in Britain as the country tightens regulation of the sector. ... more
..
China manufacturing gauge at 12-month low: HSBC
An index of China's manufacturing activity fell to a 12-month low in April, HSBC said Thursday, indicating further weakness as growth sputters in the world's second-largest economy. ... more
..
Climate change a 'fundamental threat' to development: World Bank chief
Global governments must dig deep to combat climate change, the World Bank chief said Thursday, describing it as a "fundamental threat" to development. ... more
Free Newsletters - Space News - Defense Alert - Environment Report - Energy Monitor
Space News from SpaceDaily.com
Boeing Awarded First Commercial Human Spaceflight Mission

New Horizons team completes first search for Pluto system hazards

NASA Begins Testing Mars Lander for Next Mission to Red Planet

Inverted Velocity Sensors Caused Proton-M Failure in 2013

Air Force Certifies SpaceX for National Security Space Missions

The Supreme Council of Parachute Experts

NASA Begins Major Reconfiguration of International Space Station

..
China state-owned company unit defaults on bond
A Chinese power equipment maker has become the first state-owned firm to default on a bond payment in modern China, state media said Wednesday, as the government takes a more hands-off approach. ... more
..
China property developer's default an 'isolated' glitch: analysts
China's troubled property sector has seen its first default outside the mainland, with developer Kaisa unable to pay interest on its Hong Kong-listed bonds, but analysts said an immediate crisis is unlikely despite market woes. ... more
..
China cuts bank reserve ratio requirement as growth slows
China's central bank announced Sunday it would cut the level of funds that commercial banks must hold in reserve by one percentage point, the second such move this year to boost lending. ... more
..
China-led bank starts with 57 members, Norway included
A total of 57 countries have been approved as founding members of a Chinese-backed infrastructure bank, Beijing said Wednesday, and Norway is included despite frosty relations over a Chinese dissident's Nobel prize. ... more
..
Japan tops China as biggest foreign holder of US bonds
Japan eclipsed China as the largest holder of US bonds in February, the Treasury Department reported Wednesday, the first time that has happened since August 2008. ... more
..
IMF: India, Japan to drive Asia as China slows
Faster growth under the reformist governments of India and Japan will help cushion the blow to the world economy from a marked slowdown in China, the International Monetary Fund predicted Tuesday. ... more
..
China's Q1 GDP growth slows to 7.0% on-year: govt
China Wednesday reported first-quarter growth at its slowest since the depths of the global financial crisis six years ago, stoking expectations of more action to shore up the world's second-largest economy. ... more
..
Japan's ruling camp wins local polls in 'Abenomics' litmus test
Japanese Prime Minister Shinzo Abe's ruling coalition on Sunday won local elections seen as a referendum on his efforts to boost the economy before upper house elections next year, news reports said. ... more
The contents herein, unless otherwise known to be public domain, are Copyright 1995-2015 - SpaceDaily. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by SpaceDaily on any web page published or hosted by SpaceDaily. Privacy statement
Free Newsletters - Space News - Defense Alert - Environment Report - Energy Monitor
Buy Advertising Media Advertising Kit Editorial & Other Enquiries Privacy statement