Articles by admin

(Bloomberg) — Bangkok Bank Pcl. is nearing a deal to buy control of Standard Chartered Plc’s Indonesian bank, according to people familiar with the matter.An announcement could come as soon as Thursday, said one of the people, who asked not to be identified as the deliberations are private. The Thai lender was competing with Sumitomo Mitsui Financial Group Inc. in the final race for almost 90% of PT Bank Permata, a stake with a market value of about $2.3 billion, Bloomberg News reported earlier.Bangkok Bank is looking for a new market in the region as interest rates in Thailand remain …read more […]

China’s aviation regulator raised “important concerns” with Boeing Co on the reliability and security of design changes to the grounded 737 MAX, it said on Thursday, but declined to comment on when the plane might fly again in China. China is reviewing the airworthiness of the plane based on proposed changes to software and flight control systems according to a bilateral agreement with the United States, Civil Aviation Administration of China (CAAC) spokesman Liu Luxu told reporters at a monthly briefing. China was the first country to ground the 737 MAX after the second crash in Ethiopia …read more […]

(Bloomberg) — A major Chinese commodities trader became the biggest dollar bond defaulter among the nation’s state-owned companies in two decades, in a moment of reckoning for Beijing as it struggles to contain credit risk in a weakening economy.Tewoo Group Corp. announced results of its unprecedented debt restructuring, which saw a majority of its investors accepting heavy losses. This is expected to reshape investors’ perceptions about government-owned borrowers whose identity has for years offered a relatively strong sense of security.It’s also seen offering a road-map for resolving similar debt crises in the future as the prospect of more failures by …read more […]

The options-based Black Swan index may be signaling surging demand from investors for protection against a stock market crash, but Wall Street analysts see little reason to panic. It tracks the implied volatility of deep out-of-the-money options – that is, contracts that need a large move in the market before they come into play – on the S&P 500 . The gauge is also known as the Black Swan index, a reference to the book “Black Swan” by former options trader Nassim Nicholas Taleb that looks at the potentially catastrophic effects of unpredictable events. …read more […]

Those earning less than $30,000 spend more on these four vices than workers earning more than $80,000, according to a new survey. …read more […]

(Bloomberg) — Europe is poised to lead global growth in electric-car sales next year as governments across the region offer consumers ever-sweeter incentives toward the purchase of new vehicles.Momentum is building in a market that’s already the world’s second-biggest — well behind China but significantly ahead of North America — as the European Union on Wednesday set in motion an unprecedented plan to become net neutral on carbon emissions by mid-century. With car manufacturers already facing the stark choice of either offloading emissions-free vehicles or paying stiff EU penalties on polluting models, 2020 is shaping up as do or die …read more […]