Mozambique’s government officially declared this week that its public debt levels were unsustainable. In a letter to its creditors, it asked for the deferment of “hidden debts” – a reference to loans totaling 1.3 billion euros ($1.4 billion) which three state-owned concerns had taken out with international banks. The government had kept the existence of…
Your job affects more than just what you do all day and how big your paycheck is. It can also influence your ability to repay your student debt. Thats because borrowers in certain careers are especially good candidates for student loan refinancing. Refinancing student debt allows qualified borrowers to get lower rates and has grown…
(Beijing) Central and local governments are setting up investment funds that are expected to take part in the debt restructuring of state-owned enterprises (SOEs) by making equity investments, buying debts and participating in debt-to-equity swaps, among other activities. In February, the State-Owned Assets Supervision and Administration Commission (SASAC) selected China Chengtong Holdings Group Ltd. and…
Oct. 27, 2016 6:23 p.m. ET Federal and state investigators are intensifying their scrutiny of businesses connected to Howard Dvorkin, a prominent advocate for consumer-debt relief. Mr. Dvorkin is the founder and former president of Consolidated Credit Counseling Services, a nonprofit in Fort Lauderdale, Fla., that advises borrowers on how to reduce their debts. He…
Your job affects more than just what you do all day and how big your paycheck is. It can also influence your ability to repay your student debt. Thats because borrowers in certain careers are especially good candidates for student loan refinancing. Refinancing student debt allows qualified borrowers to get lower rates and has grown…
Campaigners are calling on the UK to prevent vulture funds from using British courts to pursue the debts of poor countries after it emerged that Mozambique could be the first in a wave of states facing a new debt crisis sparked by the commodity price crash. Mozambique, one of the worlds fastest growing economies for…
Less than a year ago, Argentina was on the brink of a balance of payments crisis after 12 years of populist rule. But dollars have flooded into the economy since the business-friendly government of Mauricio Macri took over last December, with central bank reserves last week surging above $40bn. Although the record set by Argentinas…
The Department of Education has announced for the first time that some students will have their debts cancelled after the Government was able to recover money from training providers rorting student loans. The news came at the very end of today’s Senate committee into a massive shakeup of the vocational education and training (VET) sector.…
Caracas: Venezuelan state oil company PDVSA said Monday it restructured 39 percent of its debt in a bond swap, falling short of its goal but giving the struggling firm much-needed breathing room. After extending the sign-up deadline three times and sweetening the deal for creditors, PDVSA announced a swap for $2.8 billion in bonds, extending…
St. Paul, Minn., Oct 24, 2016 / 05:19 pm (CNA/EWTN News).- Personal and student debt can slow down or prevent prospective seminarians and aspirants to religious orders from pursuing their vocations, but one organization with national scope aims to change that. The Laboure Society’s work is critical because thousands of discerning men and women are…