Despite a 22% increase in net profit compared to same period last year (or yoy), HSIL has negatively surprised the street with its third quarter results. The decline in EBITDA margin due to the unfavourable product mix is one reason for this, while HSIL channelising the benefit from the fall in fuel cost towards increased…
RIO DE JANEIRO: A Chinese loan of up to $10 billion to Brazil’s Petrobras could pay nearly all its $12 billion in maturing obligations in 2016, easing pressure on the oil company as it struggles to fix its troubled finances by selling assets and slashing spending. The credit line to Petroleo Brasileiro SA, as state-run…
(Recasts with loan helping to pay 2016 debt) By Jeb Blount Feb 26 China’s loan to Brazil’s Petrobras announced Friday is for $5 billion to $10 billion and can be paid in cash or oil at China’s request, and may help pay the bulk of the $12 billion in debt the state-run oil company must…
During a visit to Duluth Thursday afternoon, Rep. Erin Murphy, DFL-St. Paul, called on more employers to inform people of a federal Public Service Loan Forgiveness Program. Even though the program was launched in 2007, Murphy said many people are unaware that individuals who enroll in it and work in public service for 10 consecutive…
Rice Energy Inc. disclosed late Tuesday the terms of a previously announced $500 million equity investment, revealing that the institutional investment firm EIG Global Energy Partners (EIG) would provide $375 million up front for a stake in the company’s midstream assets in Ohio and Pennsylvania (see Shale Daily, Dec. 21, 2015). Now that the deal…
Monday 22nd February 2016 – 3:05pm People struggling with debt in the Three Rivers district will get a helping hand thanks to support from local housing association Thrive Homes. The Watford-based landlord has awarded £12,000 to Three Rivers Citizens Advice Bureaux from its Community Grants Scheme. The sum will…
PORTSMOUTH The Wilson High School band still owes more than $9,000 for a performance trip to Florida last month, and the City Council may help pay it off. The total trip cost about $48,700 for 66 students, staff and chaperones for several days. That includes $12,000 for bus travel, about $1,800 for meals, $34,900 for…
A piggybank painted in the colours of the Greek flag stands amongst various euro coins in front of letters spelling the word ‘GREECE’ in this picture illustration taken in Berlin, Germany June 30, 2015. REUTERS/Pawel Kopczynski ATHENS (Reuters) – Greece’s EU lenders have been working on a plan to offer the country gradual debt relief…
(Photo: Student Debt via Shutterstock; Edited: LW / TO) Stories like this are published thanks to the generous support of our readers. Help ensure Truthout can keep publishing – sign up today to make a small donation each month and keep independent news alive! In June, a group representing fifteen students ripped off by for-profit colleges…
PHILADELPHIA Hey Kanye West, Philadelphia police have a solution to help you become debt free by 3122 to become a cop. Kanye West announced last weekend when he dropped his new album Life of Pablo that he was shockingly $53 million in debt. He reached out to Facebook CEO Mark Zuckerberg on Twitter for a $1 billion…