debt

China-HONG KONG-ECONOMY-HUARONG

Debt Collectors in Hong Kong Employ Shady Tactics to Threaten Domestic Helpers

Hong Kong faces rising cases of domestic helpers deceived into high-interest loans and receiving threats of violence if they fail to pay on time.

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US-POLITICS-BIDEN-FORUM-climate-environment-diplomacy

Global Debt Surges to $315 Trillion This 2024; Countries Blame the Pandemic

Global debt has surged to $315 trillion, driven primarily by the economic impacts of the COVID-19 pandemic, merging and emerging markets, inflation, and even individual household debt.

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Here Are 5 Signs an Applicant is Likely to Pass (or Fail) Debt Relief Program

Here Are 5 Signs an Applicant is Likely to Pass (or Fail) Debt Relief Program

Debt relief programs could be helpful for people drowning in debt who would qualify, but it could not be said for everyone else.

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China's Credit Rating Outlook Downgraded to 'Negative' by Fitch Ratings, Citing Risk From Debt Growth

China Is Offering Long-Term Bonds Worth $140 Billion to Stimulate Economy

China  to issue 1 trillion Chinese Yuan in long-term bonds starting this week to boost the economy.

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How to Pay Household Debt In a Time of Economic Hardship

How to Pay Household Debt In a Time of Economic Hardship

With US household debt reaching all-time high, people can pay off their debt by sticking to their preferences and asking for financial advice.

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China's Credit Rating Outlook Downgraded to 'Negative' by Fitch Ratings, Citing Risk From Debt Growth

China's Credit Rating Outlook Downgraded to 'Negative' by Fitch Ratings, Citing Risk From Debt Growth

Fitch Ratings has downgraded the outlook on China's sovereign credit rating from stable to negative.

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US Credit Card Debt Soars to a New Record High of $1.13 Trillion

US Credit Card Debt Soars to a New Record High of $1.13 Trillion

Credit card balances in the US reached a new record high of $1.13 trillion, according to data released by the Federal Reserve Bank of New York.

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Australia Economy Becomes Vulnerable Due To Household Debt Outrages

Here is how Australia's household debt binge has left the country vulnerable as economy shrinks.

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U.S. Congress Delayed Work on Puerto Rico Debt Relief Bill, Blaming Obama Administration

The U.S. Congress has delayed work on Puerto Rico debt bill. Originally, the bill was scheduled to be the subject of hearing on Wednesday before receiving final amendments on Thursday. After that, it will be sent for debate on the House.

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TerraForm Sued Parent Company SunEdison for Diverting $231 Million Projects Money to Its Own Balance Sheet

SunEdison is facing another lawsuit, this time from its subsidiary TerraForm. TerraForm accused its parent company for misallocating cash for its projects in India to SunEdison’s own balance sheet.

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Guosen Securities denies bond default

China's eighth largest investment bank, Guosen Securities, has clarified on behalf of its unit that there's no default on its offshore debt. The trustee of the offshore bond Bank of New York Mellon (BNY) had earlier warned bondholders of a possible default.

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Supreme Court Dumps Puerto Rico's Seek of Chapter 9 Bankruptcy

Puerto Rico is struggling with a $72 billion debt and is seeking for a Chapter 9 bankruptcy. It is unclear why the said country is excluded and will not be able to take advantage of it to protect it from creditors and restructure its debts. Only Congress can make a bankruptcy law.

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Vijay Mallya's Kingfisher House Auctioned at Rs 150 Crore Base Price

Vijay Mallya's Kingfisher's House is in auction with a base price fixed at Rs 150 crore. A consortium of SBI led the auction where interest buyers will bid online. Lenders are optimistic that the said e-auction will generate huge amount to suffice the amount to pay for the loans granted to Kingfisher Airlines and other debts.

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India to Infuse $3.65 Billion of Capital Into Government-Run Lenders

India is about to fund $3.56 billion of capital to govrnment-run lenders because of bad and restricted loans. Banks felt relief as the government is ready to help them when they need the capital.

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Vivint Solar Shareholders Approved SunEdison Acquisition, Shares Fall After The Announcement

SunEdison Inc. acquired Vivint Solar after Vivint’s shareholders overwhelmingly approved the deal of about $1.9 billion. SunEdison, once the world’s largest renewable energy company, is now facing a financial crisis with billions of debt after massive acquisition binge and plummeting stocks.

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