(Adds quotes, details) Nov 3 Central bank governor Yannis Stournaras said on Thursday Greece’s European partners must urgently outline debt relief measures to help boost economic recovery and facilitate its return to financial markets in 2018. European partners promised earlier this year to specify debt relief measures to make Greece’s public debt, the highest in…
ATHENS Greece’s European partners must urgently outline debt relief measures to help boost Greece’s economic recovery and facilitate the country’s return to financial markets in 2018, central bank governor Yannis Stournaras said on Thursday. Speaking at a conference in Athens, Stournaras added that Athens must step up the pace of reforms and privatisations as agreed…
Ever since the U.S. Federal Reserve raised interest rates by 0.25% in the long-awaited lift-off of December 2015, financial markets have been fixated on the timing of the central banks next increase, micro-analyzing policy makers comments that are difficult to interpret amid shifting economic signals. Meanwhile, the economic hardships caused by seven ye… Read the…
Financial advisors and experts offer practical steps and straightforward advice to help you become debt-free. (File photo) Countless UAE residents are struggling with debt that has spiralled out of their control. With many owing huge outstanding amounts on multiple credit cards and unsecured loans, the road to being debt-free can seem like a distant dream. …
I am having terrible difficulties with the Dh150,000 in debt I have accumulated. I have loans from two banks and two credit cards from another two banks. I work as a customer service executive in Dubai and my monthly salary is only Dh5,000. Previously I could manage to make my monthly payments, but because of…
We have a love-hate relationship with presidents. Our challenges are so entrenched, its easy to think that only a strong POTUS can right the tilting ship of state. And its just as easy to give in to hysteria when it looks like the wrong partys front man or woman could win. Before you panic, consider some…
Your job affects more than just what you do all day and how big your paycheck is. It can also influence your ability to repay your student debt. That’s because borrowers in certain careers are especially good candidates for student loan refinancing. Refinancing student debt allows qualified borrowers to get lower rates and has grown…
Good cash flows from the launch of cholesterol-lowering drug Zetia in December could help Glenmark Pharma trim its debt significantly by the end of the year, says Pharma Analyst Surajit Pal of Prabhudas Lilladher. Glenmark will enjoy 134 days of exclusivity from the launch of the drug. Pal, however, believes Glenmark has reasonable…
The federal government has announced new measures to help recent post-secondary graduates manage their student debt. In a press release published Sunday, Employment and Social Development Canada revealed that, as of Nov. 1, Canadians wouldnt have to repay their Canada Student Loan until theyre earning at least $25,000 a year. Under the Repayment Assistance Plan,…
Mozambique’s government officially declared this week that its public debt levels were unsustainable. In a letter to its creditors, it asked for the deferment of “hidden debts” – a reference to loans totaling 1.3 billion euros ($1.4 billion) which three state-owned concerns had taken out with international banks. The government had kept the existence of…