Sea Island News
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Russian President Vladimir Putin and Japanese Prime Minister Shinzo Abe agreed to revive stalled talks on a peace treaty to formally end World War II hostilities between the two countries.
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Defense officials from Japan and China will meet today in Beijing, signaling Asia’s two biggest economies are trying to soothe rising tensions over East China Sea islands claimed by both.
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Japanese Prime Minister Shinzo Abe vowed to use force if necessary to defend islands also claimed by China as tensions rose over visits by his fellow lawmakers to a Tokyo shrine seen in Asia as a symbol of wartime aggression.
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Synovus Financial Corp. settled a shareholder lawsuit over more than $200 million in bad loans to Georgia luxury resort Sea Island Co. that the investors say were approved with a “golf course handshake” between executives of the two companies.
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Japan and China must find common ground in keeping their dispute over uninhabited islands from escalating as a settlement is unlikely, former Australian Prime Minister Kevin Rudd said.
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Sea Island Co., the Georgia resort that aspired to be the “Pebble Beach of the East” before the financial crisis, said it reached an agreement to sell most of its assets to a group including Avenue Capital Group and Oaktree Capital Management LP.
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Publisher Tribune Co. announced yesterday that mediation resulted in agreement with some creditors on a reorganization plan along the lines proposed earlier this month by creditors Oaktree Capital Management LP and Angelo Gordon & Co.
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China’s navy received the first of its new frigate line as part of a military modernization campaign, the People’s Liberation Daily said, amid a dispute with Japan over East China Sea islands claimed by both sides.
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Less than 24 hours after the final putt is holed at the inaugural U.S. PGA Tour event in St. Simons Island , Georgia, the course it’s being played on will be auctioned off to the highest bidder.
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Leadership changes provide a good opportunity for China, Japan and South Korea to put aside territorial disputes to pursue a free trade deal, South Korea’s trade minister said.
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