Search result for DEBT
Here's where you can apply for Biden's program to cancel student loans: So, here's the deal:
The application for President Joe Biden's one-time debt forgiveness for students with student loans is now available online. Here is where applicants for loans can do so.
It appears the federal government is confident it can deliver on its massive debt cancellation campaign promise ...
Trading resumes in Hong Kong, Evergrande shares fall 14%
Evergrande shares fell as much as 14% in Hong Kong as they resumed trading after a 17-days on Thursday. The Chinese property giant had stopped its shares from trading. There were reports suggesting that real estate firm Hopson Development was set to buy a 51% stake in Evergrande’s property ...
CORONAVIRUS PANDEMIC INCREASES JAPAN GOVT.’S DEBT TO $940 BILLION IN 2020
Highlights –
- Coronavirus pandemic increases Japan govt.’s debt to $940 billion in 2020.
- As of March 31, the outstanding balance meaning the debt per capita stood at 9.70 million yen.
- The nation's debt reportedly consisted of...
S. KOREA’S SALES ON ELS DROP TO 30% IN Q1 2021
Highlights –
- S. Korea’s sales on ELS drop to 30% in Q1 2021.
- In Q1, the value of ELS issues recorded $16.8 billion.
- ELS based on South Korea's benchmark KOSPI tumbled 19 percent in Q1.
- As of end-march the outstan...
EXTREME WEATHER EVENTS BLAMED FOR INDIAN BANK'S USD 84 BILLION DEBT RISK
HIGHLIGHTS
- Indian Banks are concerned about environmentally sensitive businesses.
- CDP collected data on behalf of 515 investors who had $106 trillion in assets.
- Responses came from 220 small and large Indian companies.
An ...
‘US OWES INDIA $216 BILLION IN LOAN' SAYS CONGRESSMAN ALEX MOONEY
Highlights
• The same debt in the year 2020 was $23.4 trillion, meaning $72,309 per person
• This statement from Mooney came on the floor of the US House of Representatives as he and others were opposing the newly proposed stimulus package worth $1.9 trillion
...TATA CHEMICALS MAY ACQUIRE ARCHEAN’S INDUSTRIAL SALT UNIT
HIGHLIGHTS
- Talks between Tata Chemicals and Archean Group are at an advanced level.
- Talks are about Tata chemicals acquiring the industrial salt unit of Archean Group.
- The industrial salt unit is worth ?450 billion (US $61 million) at a min...
BOK REPORTS THE COUNTRY’S FINANCIAL MARKET TO BE STABLE
Highlights –
- BOK reports the country’s financial market to be stable.
- BOK published its biennial report on financial stability to the National Assembly.
- South Korean household’s outstanding debt reached 1,682.2 trillion wo...
SSANGYONG MOTOR CO. FILED FOR COURT RECEIVERSHIP; UNDER OVERDUE DEBTS
Highlights –
- SsangYong Motor Co. filed for court receivership; under overdue debts.
- SsangYong Motor Co. has overdue debts of 100 billion won from financial institutions.
- KDB and other creditors of SsangYong Motor did not approve the r...
THAI AIRLINES GETS GREEN SIGNALS FROM COURT FOR DEBT REFRAMING
HIGHLIGHTS
- Thai Airways International Plc, open for its debt rebuilding as the court accepts the plea for the nation’s flagship carrier program.
The Central Bankruptcy Court concluded that the carrier can continue with its arrangement to ...
COVID-19 AFFECTED 70% OF BANKING SECTOR DEBT
HIGHLIGHTS
- Due to COVID-19 outbreak, Indian government implemented a lockdown to prevent further spread of infection.
- With all economic activities coming to a halt, economy received a big time jolt.
- A report by the Reserve Bank of India has...
FITCH RATING AGENCY LOWERED ITS CREDIT OUTLOOK ON JAPAN’S FOREIGN CURRENCY DEBT
Highlights –
- Fitch rating agency lowered its credit outlook on Japan’s foreign currency debt.
- The agency lowered its rating to negative from stable.
- The COVID-19 crisis raised the country’s debt.
- Japan’s ...
HOUSEHOLD DEBT OF SOUTH KOREA IS HIGHEST IN THE WORLD
Keywords:
- The household debt of South Korea is highest in the world as compared to the country’s Gross Domestic Product (GDP).
- The household debt of South Korea came to 97.9 percent of its GDP in the first three months of the year.
BRITAIN’S CINEWORLD PREPARE ITSELF TO REOPEN SOON AFTER SECURING DEBT
Highlights –
- Cineworld has secured a debt facility of $250 million to reopen theatres.
- It has secured debt from private institutional investors.
- Currently, Cineworld has debt piled up to almost $3.5 billion.
- It also secured...
‘RELIANCE IS NOW NET DEBT-FREE’ SAYS MUKESH AMBANI
Highlights
• Reliance Industries Limited has raised funds worth Rs 1.69 lakh crore in just eight weeks
• Mukesh Ambani said the target of making Reliance net debt-free is achieved before time and is even more remarkable as it has been achieved during the pandemic
...
KORES SUSPEND KANGAROO BOND ISSUANCE AMID COVID-19
Highlights –
- Korea Resources Corp. suspend Kangaroo bond issuance
- Company cancels the book-building session
- KORES under heavy debt.
Due to hostile market conditions from global COVID-19 scare, state-run and short in...
SOUTH KOREA'S ACCELERATING HOUSEHOLD DEBT
Highlights –
- Household loan debt increases
- The increase follows a series of government measures to keep housing prices from rising
- A limited rise in household borrowing.
South Korean household debt is increasing in ...
China in debt?
We have always seen China as a major growing economy that has done everything almost right every time and has just achieved some amazing economic growth, but what we have never paid attention to is the amount of debt that the nation is amassing in hiding, and this is something that is being revea...
USA’s retirement bubble, bursts
Retirement from work is supposed to be a time of taking stock of a life spent working and relaxing. This was probably the reason that prompted the Natixis investment managers, a Paris-based investment bank to initiate the annual Global retirement Index. In the 2019, USA did not figure even the top 1...