Responsible lending, stricter credit assessments and easier card cancellations. The banking code of practice has unveiled its facelift today. The code was revised during 2016-17 and will apply from 1 July 2019. The code of practice includes measures to protect small businesses and consumers and covers everything from credit products to customer complaints. For credit…
By Stephen Jewkes MILAN (Reuters) – Italian utility Enel <ENEI.MI> expects to raise up to 1.5 billion euros (1.34 billion pounds)from asset sales in the second half of the year to help cut debt after a series of acquisitions. Speaking to analysts on first half results, Enel CFO Alberto De Paoli said disposals would include…
Australian shares are poised to lift at the open, bolstered by hopes a trade truce between the US and China. ASX futures were up 18 points ahead of 5am AEST. The Australian dollar move towards US74.5¢. Positive sentiment returned after Bloomberg reported US and Chinese officials were looking at ways to restart talks to resolve…
Century Textiles and Industries’ decision to demerge the cement business into UltraTech Cement and transfer the viscose filament yarn business to Grasim will help it reduce the debt and focus on textiles, pulp and paper and real estate businesses, a top company official said. Century Textiles and Industries (CTIL) in May this year announced plans…
Century Textiles and Industries‘ decision to demerge the cement business into UltraTech Cement and transfer the viscose filament yarn business to Grasim will help it reduce the debt and focus on textiles, pulp and paper and real estate businesses, a top company official said. Century Textiles and Industries (CTIL) in May this year announced plans…
Century Textiles and Industries‘ decision to demerge the cement business into UltraTech Cement and transfer the viscose filament yarn business to Grasim will help it reduce the debt and focus on textiles, pulp and paper and real estate businesses, a top company official said. Century Textiles and Industries (CTIL) in May this year announced plans…
We ARE contacted by someone in debt every 51 seconds, so we know the harm it is causing households [Personal insolvencies rise to highest level in six years, July 27]. We are not surprised that more people are seeking insolvency to help with their debt problems. But this is still just a small part of…
Standard Chartered Plc is working as global coordinator to help Omans debt management office raise the funds that could be backed by the World Banks Multilateral Investment Guarantee Agency (MIGA), according to an official at the Ministry of Finance. Oman may raise the financing through a loan or bond with a potential maturity of 15…
by Lindsay Dunsmuir Washington | The US Treasury said it expects to borrow $US56 billion more during the third quarter than previously estimated, and market participants expect shorter-dated Treasuries to absorb the brunt of the new supply as the Trump administration grapples with a mushrooming budget deficit. The federal government is ramping up bond issuance…
Graduating Valley high school students concerned about accumulating college debt have more alternatives today than students had just three years ago. Only two Pennsylvania Colleges, Lackawanna and Messiah, offer income sharing agreements, or ISAs, for students who do not have access to other types of loans or those who are taking longer than traditional students do to…