VICTORIA (Reuters) – The island nation of Seychelles designated some of its fragile coastal areas for protection from commercial fishing, oil exploration and development this week in return for a novel deal relieving it of part of its sovereign debt. The Indian Ocean island, rich in underwater reefs and postcard-perfect beaches, defaulted on its debt…
This press release was orginally distributed by SBWire Philadelphia, PA — (SBWIRE) — 02/22/2018 — Credit card debt in America has reached epidemic levels, as more and more households take on debt to cover living expenses as wages fail to keep pace with rising rates of inflation. According to a CNBC report, the average American…
Click here to help! If youve ever been to the emergency room, you know the cost of a single visit can leave you feeling worse than before you got there. Medical debt is a huge problem — one in five Americans have it, Californians owe more than $400 million. Simply put, its the biggest cause…
PAYDAY lending rules need to tighten to halt a growing financial epidemic, Hunter MP Joel Fitzgibbon says, with The ease of taking out a pay day lender loan and a failure to take into account a persons ability to pay back the loan means financially vulnerable people are suffering, Mr Fitzgibbon said. Those on very…
Finance Minister Malusi Gigaba sent a strong message in his Wednesday budget that the Treasury is determined to stabilise growth in public debt and rein in the ballooning debt-to-GDP ratio. Despite a revenue gap that will persist over the medium term, deep cuts in government expenditure are expected to narrow the consolidated budget deficit from…
One of the same banks that drove the Puerto Rico Electric Power Authority, or PREPA, into the red will now be paid to help auction it off to the highest bidder. Citigroup Global Markets Inc., or Citi, will be the main investment bank consultant in the restructuring and privatization of PREPA, the Washington-appointed Fiscal Control…
In the three years since its launch, micro-savings app Digit has helped its customers set aside over $1 billion for emergency funds, travel, and more, the company said today. The average Digit customer earns around $50,000 per year and is saving around $2,500 per year. Founder and CEO Ethan Bloch attributes the companys success to…
South Africas new president, Cyril Ramaphosa, risks alienating voters in the run-up to next years elections after his administration announced plans to raise sales tax and curb spending as it seeks to stabilize debt and prevent a third junk credit rating. The value-added tax rate will be raised to 15 percent from 14 percent, the…
I would get letters from the banks which made me feel so sick Id hide them in the wardrobe and ignore them, says Beth Rees, who lives with borderline personality disorder. I couldnt sleep for days at a time because I was worrying about what I was going to do. Rees, from Cardiff, is one…
I would get letters from the banks which made me feel so sick Id hide them in the wardrobe and ignore them, says Beth Rees, who lives with borderline personality disorder. I couldnt sleep for days at a time because I was worrying about what I was going to do. Rees, from Cardiff, is one…