A black wrecking ball, with the word DEBT written on it, on top of a floor that it has obviously broken upon landing Getty Images When your credit card bills are piling up and youve got little hope of ever paying them down, the option that comes with the most risk can feel like the…
Distressed debt experts and investors are approaching Myer offering to help refinance banking facilities as the beleaguered department store retailer moves closer to appointing a new chief executive. Sources close to Myer say boutique financial adviser Houlihan Lokey which helped restructure about $500 million of debt at South African retailer Edcon in 2016 and is advising lenders to heavily indebted US department…
Most recent estimates show the Higher Education Loan Program (HELP) debt owing is nearly A$52 billion in 2017-18. Its forecast to increase to A$75 billion by 2020-21 and up to 25% of those loans are unlikely to be paid. Legislation to lower the initial HELP repayment threshold from A$55,000 to A$45,000 (with a rate of…
Heba Saleh in Cairo April 18, 2018 Print this page Egypts finance minister said the government was committed to pushing ahead with painful economic reforms as it aimed to narrow its hefty fiscal deficit and reduce soaring debt levels. Amr al-Garhy said the Arab worlds most populous nation cannot live with numbers like these as…
Larry Summers April 17, 2018 Print this page Experimental feature Listen to this article Play audio for this article Pause 00:00 00:00 Experimental feature or Give us your feedback Thank you for your feedback. What do you think? Ill use it in the future … Read the full article at: https://www.ft.com/content/3c294626-4261-11e8-93cf-67ac3a6482fd
Argentinas company-debt drought may soon be ending. Telecom Argentina SA plans to sell as much as $1 billion of debt in the coming weeks, while gas pipeline operator Transportadora de Gas del Sur SA is looking to sell as much as $500 million of notes. Both companies are expected to issue before May 15, according…
EMERYVILLE, Calif., April 17, 2018 /PRNewswire/ — Debt is often considered a bad word, often in personal finances. However, debt can help the economy grow. For example, car loans put money into the car industry, which benefits all the workers in the auto supply chain. Credit card purchases keep food, travel and retail industries going. Student loans…
Nufarm has tapped three investment banks to help the company raise fresh debt worth $US450 million. It is understood UBS, Deutsche Bank and JPMorgan were in the market overnight, drumming up interest among US investors for the raising. Nufarm was seeking to raise $US450 million via the sale of senior unsecured notes. Proceeds were expected…
German Finance Minister Olaf Scholz Any debt-relief measures for Greece will be discussed only after Athens presents a credible program that focuses on growth, German Finance Minister Olaf Scholz has said. The German finance minister, interviewed in Sundays Frankfurter Allgemeine Zeitung, said Berlins position and the position of his predecessor, Wolfgang Schaeuble was that any Greek…
By Kemo Cham Freetown Sierra Leone’s new President Julius Maada Bio has appealed for international help to bail his country out of an economic crisis. He blames the crisis on a huge debt incurred by his predecessor Ernest Bai Koroma and an underperforming economy. President Bio told an International Monetary Fund (IMF) meeting in Freetown…