South Korea to allow foreign financial firms to trade won onshore
SEOUL (Reuters) – South Korea said on Tuesday it will begin accepting applications starting Oct. 18 from foreign financial institutions for permits to participate in the onshore dollar-won interbank market. The finance…
Some onshore creditors of Country Garden private bond receive interest payments – sources
HONG KONG (Reuters) – Some onshore creditors of embattled Chinese property developer Country Garden’s private bond have received interest payments, sources told Reuters on Friday. The development comes after Country Garden on…
Country Garden seeks to add 40-day grace period to onshore bond repayment
BEIJING (Reuters) – China’s largest private property developer Country Garden Holdings is seeking to add a 40-day grace period for the repayment of a 3.9 billion yuan ($535.3 million) private onshore bond…
Siemens Gamesa has fix for onshore wind turbine problem
FRANKFURT (Reuters) – Siemens Energy has fixed quality issues at onshore wind turbines it is currently selling to customers, the CEO of the group’s wind division Siemens Gamesa said on Friday, adding…
Indonesia to make it less painful for exporters to keep earnings onshore -official
JAKARTA (Reuters) – Indonesia is developing a scheme for banks to provide a financing facility for exporters who keep their earnings onshore, after business groups complained that new rules made it harder…
Evergrande’s $1.2 billion onshore bondholders to vote on offshore restructuring plan on Wed
HONG KONG (Reuters) – China Evergrande Group’s onshore flagship unit Hengda Real Estate said the holders of an onshore bond worth 8.2 billion yuan ($1.19 billion) will hold a meeting on Wednesday…
Indonesia formulates incentives to keep FX earnings onshore – minister
JAKARTA (Reuters) – Indonesia is formulating incentives for exporters to keep their foreign exchange earnings onshore for at least three months, the chief economics minister said on Thursday. Minister Airlangga Hartarto said…
Indonesia to make exporters hold FX earnings onshore for 3 months -media
JAKARTA (Reuters) – Indonesia plans to introduce a requirement for exporters to keep their foreign exchange earnings in the local banking industry for three months, a top government official was cited by…
Exclusive-Evergrande eyes onshore assets as sweetener for offshore debt restructuring -sources
By Clare Jim HONG KONG (Reuters) – Property developer China Evergrande Group plans to use domestic assets as sweeteners to win offshore creditor approval for a long-awaited debt-restructuring proposal, two people with…
Siemens Gamesa to replace head of struggling onshore wind unit – memo
By Isla Binnie (Reuters) – Struggling wind turbine maker Siemens Gamesa will replace the head of its onshore unit due to recent financial losses that have piled pressure on the business, an…
Julius Baer enters onshore China market with GROW partnership
ZURICH (Reuters) -Julius Baer is making a low-double-digit-million dollar equity investment in GROW, a China-based domestic asset management company, as part of a strategic alliance, the Swiss wealth manager said on Wednesday.…
China Evergrande gains six-month extension for Hengda onshore coupon payment
HONG KONG – China Evergrande Group’s flagship unit Hengda Real Estate Group Co Ltd said its creditors have approved a six-month extension of a 574 million yuan ($88 million) coupon payment for…
LS Power Grid Unveils Plans to Connect Offshore Wind Power into New Jersey’s Onshore Electrical Grid
NJ-Based Company’s Proposals are at least $1 Billion Less Than Competitors Superior Technology, Planning Will Strengthen NJ’s Aging Electrical Grid Significant Benefits for State Economy, Local Labor and Local Communities Environmentally Sensitive…
China Evergrande meets onshore bondholders over delayed coupon payment
HONG KONG – China Evergrande Group’s flagship unit Hengda Real Estate Group Co Ltd said it will meet onshore bondholders on Friday and Saturday to delay a coupon payment due last September…
China developer Yango, investors agree to delay onshore coupon payment -source
BEIJING – Chinese Developer Yango Group Co Ltd has reached agreement with investors to delay a 40 million yuan ($6.29 million) onshore coupon payment by six months, a source with knowledge of…
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