HONG KONG – Kaisa Group Holdings on Aug 20 announced an offshore debt restructuring agreement with a key group of bondholders, a step that may help the Chinese developer defend itself against a liquidation petition. The Shenzhen-based company has been working to restructure its offshore debt since defaulting on US$12 billion (S$15.7 billion) in offshore…
The federal government has introduced a new bill to parliament promising to wipe out $3 billion in HECS-HELP debt, however experts are concerned that student debt is unfairly affecting higher education graduates beyond repayments. The proposed legislation, which has now been referred to an inquiry, could save the average graduate $1,200 a year through changes…
Lusix, the lab-grown diamond company founded by Israeli billionaire Benny Landa, has asked an Israeli court for protection from creditors under the country’s insolvency law, according to an article in CTech. The move is meant “to consolidate a debt arrangement and set the company on a new path through a merger with another Israeli [lab-grown…
Kaisa Group has unveiled its long-awaited debt workout plan to avoid a showdown during next month’s liquidation court hearing in Hong Kong, the first time the Shenzhen-based developer is restructuring its finances since defaulting on US$12 billion of offshore bonds in 2021. The developer offered its creditors several payment options, including new notes denominated in…
The impact of gambling marketing House of Lords Library Read the original article here
Last week, an investigation by The Intercept revealed that the Kingdom of Saudi Arabia has repeatedly stiffed the Defense Department on a bill for support of a Saudi-led war in Yemen that killed hundreds of thousands of people and sparked a humanitarian catastrophe. For months — up to and since publication — the Pentagon has…
Yomiuri Shimbun file photoThe National Police Agency building The Yomiuri Shimbun 1:00 JST, August 20, 2024 The National Police Agency will launch its first investigation into online casinos that are run overseas. Gambling on such sites has spread rapidly among younger people in Japan, which has led some of them into debt and illicit part-time…
Letters were being mailed on Monday to about 66,000 patients in New Orleans, notifying them that the debt they collectively owe to Ochsner Health — roughly $59 million in unpaid bills for doctor visits, hospital stays, medical procedures and other services, some of it dating back years — has been erased. The massive debt forgiveness…
Best Debt Consolidation Loans for Fair Credit The Wall Street Journal Read the original article here
Keep an eye out for these signs if you’re feeling overwhelmed by your credit card debt this fall. Getty Images While credit cards can be useful financial tools when managed responsibly, it’s surprisingly easy for this type of debt to become problematic. After all, the interest rates on credit cards tend to be higher than…