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Local governments plan to use the proceeds of the latest bond sales to purchase equity or convertible bonds from smaller banks, most of them state-owned, effectively recapitalising them, according to the deal prospectuses. DEEPER IN DEBTThe intensified efforts to support smaller banks also come amid growing worries about the impact of ballooning local government debt on the economy. While policymakers are highly concerned over rising debt levels, Beijing has little option but to support smaller banks to contain spillover risks, analysts said. It was not immediately clear if the central authorities had given any guidance to the local governments on recapitalising smaller banks, and who were the buyers of these special-purpose bonds. "Local governments are a likely the first line of defense whenever regional banks become stressed," they said.

Persons: Kim Kyung, Gavekal, Zhang Xiaoxi, Pan Gongsheng, Ziyi Tang, Ryan Woo, Sumeet Chatterjee, Kim Coghill Organizations: People's Bank of China, REUTERS, Rights, China Electronic Local Government Bond, Authorities, National Financial Regulatory Administration, International Monetary Fund, Beijing, Thomson Locations: Beijing, Rights BEIJING, China, Henan, China's, Liaoning, Yunnan, Inner Mongolia

☆ Restive Moldovan Region Finally Approves Executive
▼ + stars: | 2023-09-20 | by ( Sept. | At P.M. | ) www.usnews.com time to read: +2 min

By Alexander TanasCHISINAU (Reuters) - Moldova's restive Gagauzia region, locked in an uneasy relationship for 30 years with central authorities in Moldova, endorsed the composition of its local executive committee on Wednesday, a key decision for national institutions. The Executive Committee was elected on the seventh attempt -- after new Bashkan Yevgeniya Gutul withdrew nominations for deputies approved by Shor. "I intend to work constructively with you," Gutul said after the executive line-up was approved. As part of her election campaign, Gutul pledged to open a diplomatic mission for Gagauzia in Moscow. Sandu has delayed including Gutul in Moldova's government -- as required by Moldova's constitution -- pending the outcome of investigations into her election with Shor's backing.

Persons: Alexander Tanas CHISINAU, Maia Sandu, Ilan Shor, Yevgeniya Gutul, Shor, Gutul, Sandu, Sandu's, Ron Popeski, Sandra Maler Organizations: Constitutional Locations: Moldova, Gagauzia, Russia, Moscow, Moldova's, Israel, Ukraine, Chisinau, Transdniestria, Russian

☆ China has a new foreign relations law. Here's what it means for business
▼ + stars: | 2023-07-11 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +6 min

Vcg | Visual China Group | Getty ImagesBEIJING — For foreign businesses in China, geopolitics hold more sway than new Chinese laws, according to analysts. Two new laws, one on espionage and the other on foreign relations, took effect July 1. In strictly legal terms, however, the legislative changes themselves don't increase the risk for foreign businesses in China, said Jeremy Daum, senior fellow at Yale Law School's Paul Tsai China Center. The website's translation of the Foreign Relations Law notes that foreign organizations in China "must not endanger China's national security, harm the societal public interest, or undermine societal public order." A House committee delegation discussed China business in their meeting with executives of high-profile U.S. tech and media companies in California in April.

Persons: Jeremy Daum, Yale Law School's Paul Tsai, Antony Blinken's, Michael House, Perkins, Daum, Mintz, It's, Alex Liang Anjie, Michael Hart, he's, Hart, Janet Yellen, Jens Eskelund, Alex Liang Organizations: Visual China, Getty, Yale Law, Yale Law School's Paul Tsai China Center, U.S, China, Foreign Relations, Mintz Group, Bain, Capvision Partners, Reuters, American Chamber of Commerce, Treasury, Companies, EU Chamber of Commerce Locations: BEIJING, China, Beijing, Washington, U.S, Shanghai, California, Broad

HONG KONG, July 5 (Reuters) - Hong Kong national security police on Wednesday arrested four men it accused of supporting overseas dissidents and of advocating for independence from China, two days after issuing warrants and bounties against several foreign-based activists. Local media, citing unnamed sources, connected the arrested men to an online platform known as "Punish Mee" that was allegedly used to provide financial aid to the eight wanted overseas activists. Two sources with knowledge of the situation told Reuters Lam was among the four arrested men mentioned in the police statement. Australian Prime Minister Anthony Albanese said on Wednesday it was "unacceptable" that Hong Kong has put bounties on two Australian residents. Hong Kong Chief Executive John Lee said on Tuesday that the eight would be "pursued for life".

Persons: Mee, Ivan Lam, Reuters Lam, Demosisto, Joshua Wong, Nathan Law, Anthony Albanese, John Lee, Jessie Pang, Tyrone Siu, James Pomfret, Frank Jack Daniel, Toby Chopra Organizations: police, National Security Department, Hong Kong Police, Local, National Security Law, Central Authorities, Government, Hong, Administrative, Reuters, Kwai, Police, HK, Australian, Thomson Locations: HONG KONG, Hong Kong, China, Beijing, Hong, Kwai Chung District, United States, Britain, Australia

☆ Moldovan region headed for clash with pro-European government
▼ + stars: | 2023-05-16 | by ( Alexander Tanas | ) www.reuters.com time to read: +2 min

CHISINAU, May 16 (Reuters) - The assembly in a pro-Russian region of Moldova on Tuesday endorsed the election of a local leader intent on improving ties with Moscow, a move that set up a clash with the country's pro-European government. The southern Moldovan region of Gagauzia elected a new "bashkan", or leader, last weekend in a race featuring only pro-Russian candidates. But Moldova's prime minister and other officials have suggested central authorities will try to annul the results on grounds of widespread irregularities. "The police and prosecutors have made public irregularities noted in the course of the vote," he told Moldova's Pro TV. As the Gagauzia assembly unanimously approved the election outcome, hundreds of protesters gathered outside the building shouting "Down with Dictatorship, down with Maia Sandu!"

☆ China may have to bail out one of its poorest provinces
▼ + stars: | 2023-04-27 | by ( Laura He | ) edition.cnn.com time to read: +9 min

Hong Kong CNN —One of China’s poorest and most indebted provinces has admitted defeat in trying to sort out its finances and is appealing to Beijing for help to avert default. Guizhou, located in a mountainous region of southwest China, has hired a top state-owned distressed debt fund, China Cinda Asset Management, to resolve its “urgent” problems. China’s local governments are struggling with trillions of dollars of debt, after three years of strict pandemic controls and a real estate crash drained their coffers. The Pingtang Bridge links two cities in southwest China's Guizhou province. In China, most local government liabilities are composed of “hidden debt” issued by their financing arms.

☆ Moldova no longer needs Russian gas, minister says
▼ + stars: | 2023-03-16 | by ( Alexander Tanas | ) www.reuters.com time to read: +2 min

Companies Gazprom PAO FollowCHISINAU, March 15 (Reuters) - Ex-Soviet Moldova is no longer receiving Russian gas or enduring the "blackmail" imposed by gas giant Gazprom over its difficulties in paying for supplies, the country's energy minister said. But when the (rest of Moldova) was getting gas, the Russian company resorted to supply cuts, to blackmail." A contingent of 1,500 Russian "peacekeepers" remain in the separatist region 30 years after a brief war pitting it against newly independent Moldova. Transdniestria channels funds from gas bills paid by domestic and industrial users to a "gas account" used to cover some of its substantial budget deficits. The sum of Transdniestria's unpaid bills for Russian gas is estimated by Moldovan officials at several billion dollars.

☆ Crypto winter highlights gold’s warming qualities
▼ + stars: | 2022-11-25 | by ( Edward Chancellor | ) www.reuters.com time to read: +7 min

That’s why crypto pioneers developed stablecoins, which peg their market price to old-fashioned fiat currencies. The FTX founder agreed that digital tokens were impossible to value since they generated no cash flow. In other words, the entire crypto world has the mechanics of a Ponzi scheme. In such a nightmare scenario, access to a decentralised, anonymised type of digital money could prove indispensable. In this world bitcoin serves as the lifeboat for civilisation, offering protection against both anarchy and the surveillance state.

☆ Breakingviews: Crypto winter highlights gold’s warming qualities
▼ + stars: | 2022-11-25 | by ( Edward Chancellor | ) www.reuters.com time to read: +7 min

LONDON, Nov 25 (Reuters Breakingviews) - The crypto winter is bitterly cold. The FTX founder agreed that digital tokens were impossible to value since they generated no cash flow. In other words, the entire crypto world has the mechanics of a Ponzi scheme. In such a nightmare scenario, access to a decentralised, anonymised type of digital money could prove indispensable. In this world bitcoin serves as the lifeboat for civilisation, offering protection against both anarchy and the surveillance state.

☆ China plan to restore sector liquidity boosts property stocks
▼ + stars: | 2022-11-14 | by ( ) www.reuters.com time to read: +1 min

HONG KONG, Nov 14 (Reuters) - Chinese property stocks soared on Monday as the market cheered an aggressive plan outlined by Chinese regulators to shore up liquidity in the embattled sector, with the sub-index surging close to a two-month high in early trading. The Hang Seng Mainland Properties Index (.HSMPI) gained 15%, while top property developers Country Garden (2007.HK) soared 33%, narrowing gains after rallying as much as 52% to the highest since July 27. Longfor Group (0960.HK), Agile Group (3383.HK), R&F Properties (2777.HK), Logan Group (3380.HK) and KWG Group (1813.HK) all jumped almost 30%. Two sources told Reuters a notice to financial institutions from the People's Bank of China (PBOC) and the China Banking and Insurance Regulatory Commission (CBIRC) outlined 16 steps to support the industry, including loan repayment extensions, in a major push to ease a deep liquidity crunch that has plagued the property sector since mid-2020. Reporting by Clare Jim; Editing by Ana Nicolaci da Costa and Bradley PerrettOur Standards: The Thomson Reuters Trust Principles.

☆ China regulators order more financing support for property firms
▼ + stars: | 2022-11-14 | by ( ) www.reuters.com time to read: +4 min

The move, first reported by Bloomberg, comes as cash-strapped property developers struggle to tap sources of funding to finish projects and pay suppliers. Chinese regulators are telling financial institutions to allow real estate companies to defer repayment of some loans, such as property development and trust loans, the sources said. China's property sector, once a pillar of growth, has slowed sharply this year as the government sought to restrict excessive borrowing by developers. Goldman Sachs said in a note that the basic principles of the property measures are not new. Chinese regulators expanded a key financing support programme designed for private firms, including real estate companies, to about 250 billion yuan ($35.18 billion) this week.

☆ 35 de ani de la explozia de la Cernobîl, cea mai mare catastrofă nucleară civilă. Cum arată acum zona de excludere
▼ + stars: | 2021-04-26 | by ( ) ziuadeazi.md time to read: +61 min

– THIS MONTH marks the 28th anniversary of the nuclear disaster that left the city of Chernobyl devastated. – THIS MONTH marks the 28th anniversary of the nuclear disaster that left the city of Chernobyl devastated. – THIS MONTH marks the 28th anniversary of the nuclear disaster that left the city of Chernobyl devastated. – THIS MONTH marks the 28th anniversary of the nuclear disaster that left the city of Chernobyl devastated. – THIS MONTH marks the 28th anniversary of the nuclear disaster that left the city of Chernobyl devastated.

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