A Moody’s sign on the 7 World Trade Center tower is photographed in New York August 2, 2011. REUTERS/Mike Segar Institutional investors and global lenders are digging in their heels as the COVID-19 pandemic tightens its grip on Africa. A call from the Group of Twenty (G20) way back in April for private sector forbearance,…
DetailsVideo PlayerClose BANGKOK, Sept. 8 (Xinhua) — Thailand’s central bank said on Tuesday that in the face of the pandemic fallout, 85 percent of retail debtors are still struggling in a grim economy and have applied for the second-phase of debt relief. “Many businesses in Thailand have been hit hard by the COVID-19 outbreak, especially…
DetailsThe government has recovered about $345 million of these pay outs over the past five years, including through actions as a creditor. This scheme provides workers annual and long service leave payments, up to 13 weeks of unpaid wages, up to five weeks of payment in lieu of notice and a maximum of four weeks…
DetailsSeptember 7 2020 – 3:30PM House prices have increased at a much faster rate than income since the mid-1990s, which has led to three times the amount of people carrying mortgages and debt into retirement. When you pair this with the ageing population, it leaves many retirees strapped for cash, in what is supposed to…
DetailsCHICAGO (WBBM NEWSRADIO) —A 79-year-old man allegedly shot and killed someone he knew for decades over a gambling debt, then called 911 after firing the shots. Willie Dunmore is charged with first-degree murder, Chicago police said. He wasordered held without bail Saturday, according to Cook County prosecutors. James Kelley, 72, who went to demand money…
DetailsInvestors are also confident. “Transurban has a portfolio of roads at various stages of recovery and is not dependent on any one city to pay distributions,” said Peter Meany, head of global listed infrastructure at First Sentier Investors. He expected COVID-19 to only have a 5 to 10 per cent impact on the toll road…
DetailsThe planned bank liquidity rule change would be another example of banks and government financial regulators working together to support the economy during the crisis, including through deferred repayments on 900,000 frozen loans worth $274 billion. The RBA has bought $61 billion of government bonds since March. Banks are also playing a key role in…
DetailsSeptember 7 2020 – 3:30PM House prices have increased at a much faster rate than income since the mid-1990s, which has led to three times the amount of people carrying mortgages and debt into retirement. When you pair this with the ageing population, it leaves many retirees strapped for cash, in what is supposed to…
DetailsIn Kenya, the coronavirus pandemic has dried up ecotourism, cutting off sources of funding that help protect wildlife and pay an income to communities working to preserve nature. But forgiving a share of Kenya’s hefty foreign debt, in exchange for the government devoting those resources to fighting climate change threats and biodiversity loss, could tackle…
DetailsYONHAP News On August 28, Japanese Prime Minister Shinzo Abe said that he would resign due to his failing health. Three names are being cited as possible successors to Abe, with Chief Cabinet Secretary Yoshihide Suga emerging as a clear favorite in the race. Under Japans parliamentary political system, the leader of the ruling Liberal…
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