High household debt and the lack of a “definitive pick-up” in wages growth were key reasons the Reserve Bank of Australia left the official cash rate steady this month, putting it on a “different” trajectory to the US Federal Reserve, according to Treasurer Scott Morrison. In another sign monetary policy is to remain stalled in…
Bidders will get a shot this week to buy an unfinished waterfront home in Fort Lauderdale and luxury vehicles, as a receiver seeks to recover money for 15,000 consumers who lost more than $80 million to an alleged debt relief scheme operated in Pompano Beach and Panama. Last year, U.S. District Judge Cecilia Altonaga entered…
Cassava farmers who received loans from the Development Bank of Rwanda (BRD) are appealing for relief of Rwf953 million debt after their crops were ravaged by a viral disease. The loan was given to 29 farmers, 24 of them from Ruhango and the rest from Kamonyi, Nyanza and Gisagara districts. They got the loans in…
THE owners of Wiggins Island Coal Export Terminal have accepted the financial lifeline offered to help resolve its mounting debt. The five miner owners of the Queensland terminal, who owe $3.5 billion to about 20 lenders, have agreed in principal to a proposal put forward by lenders. The proposal includes deferring the payment to junior…
By J C Suresh TORONTO (IDN) Ahead of the next hurricane season in the Caribbean, faith leaders are calling for action from government leaders, the United Nations system, the International Monetary Fund (IMF) and regional development institutions. A statement signed and endorsed by 22 religious leaders from Grenada to Saint Lucia is urging the establishment…
The expected rise in US interest rates will increase financial pressures on developing countries already struggling with a 60% jump in their debt repayments since 2014, a leading charity has warned. The Jubilee Debt Campaign said a study of 126 developing nations showed that they were devoting more than 10% of their revenues on average…
This month is an important reminder of South Africans human rights, and rightfully so. But, if there is one thing that the South African consumer should take note of, is their rights as consumers, which is celebrated on World Consumer Rights Day on the 15th of March. Consumers are primarily responsible to not only make…
Many of America’s military service members and veterans report that financial stress is hurting their emotional and mental health as well as their ability to set future goals. Among the respondents to a 2017 Military Family Advisory Network survey, a staggering number – 92.5% – reported they have debt, while 44% of the group reported…
Policymakers have been struggling to identify ways to deal with America’s staggering student loan debt. As of January 2018, Student Loan Hero estimated total outstanding student loan debt at $1.48 trillion, affecting 44 million Americans. Thanks to this debt burden, young Americans are having difficulty achieving typical financial milestones such as home ownership. Here’s a…
Many of America’s military service members and veterans report that financial stress is hurting their emotional and mental health as well as their ability to set future goals. Among the respondents to a 2017 Military Family Advisory Network survey, a staggering number – 92.5% – reported they have debt, while 44% of the group reported…