, ET Bureau| Oct 01, 2017, 11.40 PM IST The banks can force a debt recast on December 31 and may even exercise their right to convert debt into equity. MUMBAI: Banks will meet this week to explore the possibility of convincing other dominant industry players to step in to bail out RCom after its…
Juggling multiple debts? As a business owner/manager, you might want to consider consolidating your debts. Debt consolidation helps you maximise the potential for big savings on both your monthly repayments and total interest charges. Debt consolidation helps you attend to your debts, especially if youre juggling several at any one given time. As a business…
By Giles Parkinson on 3 October 2017 The Clean Energy Finance Corporation (CEFC) says it has agreed to provide all the debt finance needs for what will be Victorias largest solar farm in a bid to accelerate the project, which it says will help bring stability and diversity to the states energy supply. The CEFC…
NEWARK — U.S. Sen. Robert Menendez held two contentious discussions with Medicare representatives – including one that included former Senate Majority Leader Harry Reid and former Health and Human Services Secretary Kathleen Sebelius – to press for a reimbursement policy change that would benefit his friend, a wealthy Florida ophthalmologist, a former top Medicare official testified…
Construction of light rail in Addis Ababa, Ethiopia. Development funding in low-income countries must be balanced with repayment capacity (photo: Yannick Tylle/Newscom) Understanding Debt: A Better Tool for Low-Income Countries October 2, 2017 …
Valeant Pharmaceuticals International Inc. VRX, +1.50% said Monday it is planning to issue $1 billion of bonds due 2025 and will use the proceeds to help fund the repurchase of existing notes.…
THOUSAND OAKS, Calif., Oct. 2, 2017 /PRNewswire/ — The new and Innovative LoanGifting SaaS Fin Tech solution was created to help overcome the estimated $1.5 trillion student loan debt epidemic. As per the Federal Reserve Bank of New York, the average default rate on student loan debt is 11.2 percent. More specifically, it is estimated that…
Following two horrible, climate-change-driven hurricanes Irma and Maria, Puerto Rico is facing a humanitarian crisis. Millions of people are without clean water, electricity, walls on some of their houses, passable roads, and many of the basic essentials we take for granted in advanced developed countries. We were given a peek at this type of climate-change-caused…
While Wall Street vultures circle amid an ongoing humanitarian crisis and try to entice Puerto Rico with “relief” offers in the form of more debt, advocates for economic justice are demanding immediate debt relief and federal stimulus spending to rebuild the island’s devastated infrastructure. “Puerto Rico needs immediate humanitarian assistance before many more lives are…
The hurricane-caused devastation in Roseau, capital of Dominica. Photo: Wikimedia Commons We have lost all that money can buy and replace, said Roosevelt Skerrit, the prime minister of Dominica, where 98 per cent of the buildings are damaged. Dominica is already heavily indebted, and the IMF ranked the island as at high risk of a…