Word: crediteers
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...Tokyo Stock Exchange in 2001. "The major REIT failure last week has affected the regional banks' balance sheets," says Shirakawa, adding that the trusts could be bellwethers signaling trouble for the real estate sector at large. "Property cash flows and the general economy are weakening. Banks have tightened their credit policy and some REITs cannot refinance themselves," Shirakawa says. "We will probably see more failures of REITs...
...Diet's ruling parties aim to pass the legislation this month. Nakagawa, the Finance Minister, says the law could include a new measure that would allow credit unions and credit associations with weak capital bases to apply for public funds...
...Such doubt is starting to hack off some leaders in Europe, who are getting impatient with market still fearful despite the $2 trillion plan announced by the 15 eurozone countries to buck up banks and credit systems. "We should stop looking at stock market activity the way a mouse watches a cat, and start thinking in the medium-term," the Luxembourg Prime Minister Jean-Paul Juncker told German radio Deutschlandfunk. Belying his own maxim, however, Juncker suggested additional efforts European governments may be planning to make should "impress the financial markets...
...climate change plans were being questioned months ago as heavy industries complained about the burdens they would have to shoulder and the jobs that were under threat. But in the past month, as the global credit crunch struck Europe with a vengeance, many governments have raised concerns about whether they could afford the bailouts as well as the emissions commitments...
...Hong Kong, the financial and managerial nerve center of the Chinese region often called the world's factory, is a wealthy city. But even here, the global credit squeeze is making it tougher for businesses to borrow money to cover their short-term needs. "Right now, we're facing trouble," says Tommy Lam, owner of a garment factory in Dongguan, a Chinese manufacturing hub near Hong Kong. "We're not getting repeat orders we're supposed to get. [And] banks are warning us they may cut our credit in the future...