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StanChart's bad loans show cracks in Asian economies

Regional companies' borrowing binge to take advantage of low interest rates overseas is backfiring

The smiles are fast vanishing - more stringent conditions from banks like Standard Chartered are slowing loan growth in the region, as rising leverage points to the risk of further non-payments.

New York

AS China's growth sputters, the troubles at Standard Chartered plc are another bad omen for what were once Asian economic darlings.

The bank, which generates most of its income in the region, had gambled on success in emerging markets such as India, which instead saddled