Noble Group’s Top Creditors Seek to Draw Line Under Crisis

Noble Group Ltd. plans to introduce the schemes of arrangement that underpin its restructuring this week, a key step in the creation of a new company that senior creditors signaled will hold to the highest standards of corporate governance after a drawn-out crisis. The schemes, which buttress the $3.5 billion debt-for-equity rescue, will be introduced…

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Singapore Land Frenzy Slows After Property Curbs

The bidding frenzy for Singapore land has slowed to a trickle, going by the results of the first auctions since property curbs were tightened. Just three bids were submitted for the Jalan Jurong Kechil site in the island’s northwest, compared to 24 received in April last year for the nearby Toh Tuck Road plot. Only…

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China’s ‘Silk Road’ project runs into debt jam

CHINA’S massive and expanding “Belt and Road” trade infrastructure project is running into speed bumps as some countries begin to grumble about being buried under Chinese debt. First announced in 2013 by President Xi Jinping, the initiative also known as the “new Silk Road” envisions the construction of railways, roads and ports across the globe,…

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China Gradually opens Financial Sectors to Foreign Entities

Up to APRIL 2018, foreign entities cannot own a majority or control joint venture securities firms in China. The industry is considered by the government as one of the ‘protected sectors’. Over the last 2 years the Chinese government have been studying to open up the capital markets to foreign investors as part of its…

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