June 11, 2017 10:07 p.m. ET Student-loan debt often makes it tough for young people to buy homes. But some new programsfrom mortgage-market giant Fannie Mae, as well as from a handful of statesaim to make that easier. College graduates with student debt are less likely to buy a home than graduates without debt, according…
DetailsGreeces parliament approved on Friday reforms demanded by the countrys international lenders to conclude a long-stalled review of its bailout progress and qualify for more loans needed to repay debt maturing in July. Euro zone finance ministers meet in Luxembourg on June 15 to discuss Greeces reform progress and measures to reduce its debt, which…
DetailsTelkom will soon have a new name. CEO Sipho Maseko is leading a major restructuring at the partly state-owned company that will result in Telkom becoming the consumer-facing retail telecommunications brand sitting under a new, Remgro-style corporate centre. Under that corporate centre which will have a new legal name, still to be determined will be…
Details2 min read Nagpur: Seems their is no end to defaulters in Nagpur, one after another many companies in and around Nagpur are getting into trouble with their respective bankers initiating insolvency proceedings against them. Now its turn of Bhatia Global Trading Limited, which has landed in trouble after IDBI Bank initiated insolvency proceedings against…
DetailsThe loan restructuring mechanism should be bolstered if the government were to get a firm grip on bad loans, said Minister of State for Finance Arjun Ram Meghwal. “We need to strengthen the loan restructuring mechanism… It will, along with various other measures taken by both the government and the RBI,…
DetailsHeres what it means for shoppers. May 24, 2017 11:43pm By Kate Moffatt One of the UKs most beloved fashion brands has gone into voluntary administration in Australia. Topshop, which first landed on our shores in 2011, announced the news today, citing mounting debts as the reason for the shock collapse. While its surprising news…
Detailsby Nelson Del Castillo and Elodie Cuzin in Washington – AFP on June 11, 2017, 4:00 pm It’s complicated: Puerto Ricans vote on knotty US relationship San Juan (AFP) – To become a true US state, to choose independence or to maintain the status quo: Puerto Ricans will on Sunday mull their political future in…
DetailsA court in Aruba has declared Insel Air Aruba bankrupt, the Curacao Chronicle has reported. According to the newspaper, the court granted the airline a deferment of payment for a few months and it was not operating flights anymore. However, according to the report, there was no chance of selling the airline or restarting its…
DetailsThe loan restructuring mechanism should be bolstered if the government were to get a firm grip on bad loans, said Minister of State for Finance Arjun Ram Meghwal. “We need to strengthen the loan restructuring mechanism… It will, along with various other measures taken by both the government and the RBI, help…
DetailsThe introduction of company director identification numbers to help prevent the deliberate liquidation of companies to avoid paying workers’ entitlements and tax is being considered by the federal government. A Federal Treasury spokeswoman told Fairfax Media the introduction of a director identification number had been recommended by a Productivity Commission inquiry and a Senate economics committee inquiry into insolvency…
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