Loading A horror story is coming The IMF does not take into account the near certainty of a global downturn at some point over the next five years. A deep recession would push the deficit into double digits, and send the debt ratio spiralling towards 140 per cent in short order. There is no justification…
The Republic of Congos plan to restructure its debt wont affect holders of its Eurobonds, Prime Minister Clement Mouamba said. Yields on the notes fell for the first time in four days. The oil-producing central African nation owes creditors at least $9.14 billion and sought support from the International Monetary Fund last year. A three-year…
Debt consolidation maximises the potential for big savings on monthly repayments and interest charges. Read on below to know how to begin an effective debt consolidation. Debt consolidation is the combination and integration of debts into a single loan to lower overall interest rate. With debt consolidation, business owners can be able to deal with…
Legal Aid NSW’s Patricia Simpson (left) and Heidi Campbell where providing advice at Glen Innes court house last month, and now the ‘Fines Fare’ is coming to Tenterfield. Do you fear getting another demand notice in the mail or online for an unpaid bill? Are you a disqualified driver who cant get to work to…
Legal Aid NSW’s Patricia Simpson (left) and Heidi Campbell where providing advice at Glen Innes court house last month, and now the ‘Fines Fare’ is coming to Tenterfield. Do you fear getting another demand notice in the mail or online for an unpaid bill? Are you a disqualified driver who cant get to work to…
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