China’s shadowy debt problem leaves local governments perilously exposed to a property downturn, NAB says – Business Insider Australia

Analysts at NAB remained concerned about the buildup of excessive leverage in Chinas opaque financial system. In particular, they said a troubling debt buildup at the local government level leaves China particularly exposed to any property downturn. NAB said the issue has been lingering since 2013, after local governments used debt to carry out an…

Componenta Corporation’s Financial Statements Release for 1 January – 31 December 2017: Net sales for continued … – GlobeNewswire (press release)

Componenta Corporation Stock Exchange Release on 29 March 2018 at 8.00 The information presented in this financial statement release relates to the continued operations of Componenta Group in the January December period in 2017 and in the corresponding period in 2016, unless otherwise stated. Continued operations in the review period were the foundry operations in Pori and Karkkila,…

Auction of KVV Liepajas Metalurgs’ electric steel casting plant fails – The Baltic Course

An attempt to sell insolvent KVV Liepajas Metalurgs companys electric steel casting plant along with its equipment failed today as the auction drew no bidders, the companys insolvency administrator Vita Dika told LETA. At two other auctions selling the steel companys property, EUR 82,000 were raised by selling a property in Liepaja at 100B Brivibas…