Updated Oct. 10, 2016 9:24 a.m. ET BEIJINGChina unveiled a controversial loan-relief plan that could help companies reduce their mounting debt loads but leave banks more strapped for capital. The continued economic slowdown has made it harder for businesses to repay debts that have been piling up at an alarming rate in recent years as…
Consolidation. Its a word used widely in financial circles. Consolidation of debt (translation: combining lots of different credit cards into one seemingly simple yet unmanageable whole). Consolidation of assets (translation: combining liabilities into one seemingly simple yet unmanageable whole). You get my drift. So, consolidation is not always a good thing. I wonder if this…
China unveiled guidelines on Monday to reduce rising corporate debt levels which some analysts fear could destabilize the worlds second-largest economy. The government will take a multi-pronged approach to cutting company debt, including encouraging mergers and acquisitions, bankruptcies, debt-to-equity swaps and debt securitization, according to guidelines issued by State Council, or the cabinet. Corporate China…
(Image: iStock.com/Ridofranz) According to Consolidate Credit, the average household credit card debt is $6,600. This includes personal debt. Being in debt can be a form of slavery that can keep you from buying the necessities for your business, owning a new home, buying a new car, helping your children with college expenses along with many…
A Noble Group sign is pictured at a meet-the-investors event in Singapore Thomson Reuters By Anshuman Daga SINGAPORE (Reuters) – Singapore-listed commodities trader Noble Group agreed to sell its North American energy distribution unit to U.S. firm Calpine Corp for $1.05 billion, moving a step closer to completing a restructuring to raise $2 billion to…
By Anshuman Daga | SINGAPORE Singapore-listed commodities trader Noble Group agreed to sell its North American energy distribution unit to U.S. firm Calpine Corp for $1.05 billion, moving a step closer to completing a restructuring to raise $2 billion to help cut debt. The sale of Noble Americas Energy Solutions (NAES) includes repayment of working…
National Debt Relief recently shared, in an article published October 1, 2016, some of the ways consumers can manage their finances when they face tough adversities. The article, titled “How to Survive When Your Finances Are on the Rocks,” helps people find ways to handle their finances during difficult times. Los Angeles-Long Beach, CA (PRWEB)…
Single body to advise public on pensions and debt 9 October 2016 From the section Business Image copyright Getty Images A new financial guidance service to provide advice on pensions, managing debts and other money issues is to be created by the government. It will replace the heavily criticised Money Advice Service (MAS) as well…
A new financial guidance body enabling people to get better help with money matters ranging from budgeting to pension questions will be created by the Government. The body will be a first point of contact for people looking for debt advice as well as general money and pensions guidance. It will point people in the direction…
Hi Nicole, I am being pursued by a debt collector (and their lawyers) because I am refusing to pay an invoice, something I have NEVER done before. I was selling my house off-market and the licensed conveyancer I employed to draw up the contract of sale made basic errors (including muddling up the terms ‘vendor’…