RICHMOND Virginia legislators are seeking to mitigate the personal and economic consequences of their constituents student loan debt by creating a state-level ombudsman to troubleshoot problems and educate borrowers regarding college loans. In 2017, more than 1 million Virginians owed more than $30 billion in student loan debt, state officials say. Nationally, student loan debt…
WSE-listed fashion retailer Gino Rossi hopes that sale of the Simple brand will help the company curb its debt and obtain funds to boost working capital, companys CEO Tomasz Malicki said. Thanks to the sale, we will reduce debt and free the funds needed to supply the working capital necessary to increase sales and further…
An expanding Christian debt counselling service aims to clear up financial problems within five years. The Dumfries CAP Debt Centre is urging victims not to feel there is no way out of the debt spiral as there is always hope. The partnership, between the Christians against Poverty charity and the River of Life Church in…
London The Republic of the Congo is set to become the latest African country to start debt-relief talks with trading houses after borrowing $2bn from merchants, such as Trafigura and Glencore, but now find its debt levels unsustainable, sources familiar with the matter said. Trading houses regularly lend money to resource-rich clients in financial distress…
(Refiles to add lenders in final paragraph) * IMF pushing Congo to renegotiate debt * Loans primarily came from Trafigura, Glencore * Many African countries have borrowed from traders By Julia Payne and Dmitry Zhdannikov LONDON, Feb 20 (Reuters) – Congo Republic is set to become the latest African country to start debt relief talks…
* IMF pushing Congo to renegotiate debt * Loans primarily came from Trafigura, Glencore * Many African countries have borrowed from traders By Julia Payne and Dmitry Zhdannikov LONDON, Feb 20 (Reuters) – Congo Republic is set to become the latest African country to start debt relief talks with trading houses after borrowing $2 billion…
As a trusted advisor you are likely to encounter clients that ask your advice on how best to manage their personal debt. While not strictly an accounting issue they will expect that since your profession deals with money that you will be able to advise them in this area. Since we entering a phase of…
By Helen Oji With Agency Report Nigeria sold $2.5 billion of Eurobonds as it sought to lower funding costs by using the notes to refinance higher-yielding naira debt. Africa’s biggest economy on Thursday issued $1.25 billion of 12-year securities with a yield of 7.14 percent and a separate 20-year tranche, also $1.25 billion, at 7.7…
The RBA expects Australian economic growth to accelerate to above 3% over the next two years Westpac doesnt share that view, forecasting that it will stand at 2.5% over both years thanks largely to weakness in consumer spending Australias Q4 2017 GDP report will be released in early March Australian economic growth looks set to…
Monday 19 February 2018 Article by Tom Watson In a move aimed at improving consumer protection and addressing the nations mounting credit card debt, the federal parliament passed a suite of changes last week, including a ban which will stop banks and other providers from sending unsolicited card limit increase offers to their customers. From…