Category: Debt
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South Korea warn that rapid pick-up in household debt may turn into systemic risk.
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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China stops short of Africa debt relief as pledges more cash By Reuters
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By Duncan Merry and Laurie Chen NAIROBI/BEIJING (Reuters) – China declined to provide debt relief sought by several African countries this week, but pledged 360 billion yuan ($50.7 billion) over three years in credit lines and investments. Launched in 2000, the Forum on China-Africa Cooperation (FOCAC) has taken on an…
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Flame Tree slumps to Sh91m loss on high debt service costs
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Listed Flame Tree Group posted a loss of Sh90.6 million in the first half of the year ended June 2024, as higher debt servicing costs erased a Sh6.7 million profit from last year. The company’s financing costs rose by 48.1 per cent to Sh181.3 million from Sh122.4 million previously, as…
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Swiss finance minister chides US, Europe over ‘time bomb’ debt levels By Reuters
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ZURICH (Reuters) – Debt levels in the United States and Europe pose a risk to international financial stability and to Switzerland, Swiss Finance Minister Karin Keller-Sutter said in a newspaper interview published on Saturday. In an interview with the Swiss daily Blick, Keller-Sutter praised Switzerland’s “disciplined” finances, which she said…
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Landas lab-grown diamonds co LUSIX seeks debt settlement
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Benny Landa’s LUSIX wants to reach a debt settlement with its creditors to stabilize the company after lab-grown diamond prices fell by 90% on global markets. Beneland’s Lab Grown Diamond (LGD) Product Lucix Losix is expected to seek a settlement after failing to raise money from existing investors led by…
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JPMorgan: You can profit 70% of the time you buy the dip in corporate debt
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It’s usually worth buying U.S. corporate bonds when the market is weak, according to a research note from JPMorgan Chase & Co. Investors who buy high-quality U.S. corporate bonds when spreads widen have made profits over the next three months about 70% of the time, strategists led by Eric Benstein…
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Urgent reforms needed to tackle mounting debt crisis in Africa
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Africa’s debt stocks have grown significantly over the past decade. Understandably, African governments took advantage of historically low interest rates in the 2000s and borrowed heavily from international capital markets and China. But debt has become more expensive lately. Since 2020, the impacts of COVID-19 and the ongoing war in…
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Trump’s unconventional plan to erase $35t debt
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Former President Donald Trump has suggested using Bitcoin to eliminate the $35 trillion US national debt. The US national debt continues to rise, and the Republican presidential candidate has a bold idea to address the issue: give Bitcoin (BTC) to China to pay off US debt. “Cryptocurrency is a very…
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Trump’s unconventional plan to erase $35t debt
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Former President Donald Trump has suggested using Bitcoin to eliminate the $35 trillion US national debt. The US national debt continues to rise, and the Republican presidential candidate has a bold idea to address the issue: give Bitcoin (BTC) to China to pay off US debt. “Cryptocurrency is a very…
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RBC, Deutsche Bank plan US$4.5-billion debt sale for R1 RCM
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Article Content Deutsche Bank and Royal Bank of Canada are preparing to issue a $4.5 billion debt package to help finance Towerbrook Capital and Clutton Dubilier & Rice’s planned purchase of R1 RCM Inc., according to people familiar with the matter. The financing could include a leveraged loan of up…
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Rubicon Organics Announces Debt Settlement Agreement
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This section is Partnership Content Provided The content in this section has been provided by GlobeNewswire for the purposes of distributing press releases on behalf of its clients. Postmedia has not reviewed the content. by Globe Newswire Breadcrumbs Path Links Globe Newswire Article author: Published on July 30, 2024 •…
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The market is flashing signs of a dangerous debt bubble with losses that could be ‘contagious,’ economist says
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Getty Images; Alyssa Powell/PA The market faces the risk of a harmful debt bubble, which could spread losses across the financial sector. Economist Dambisa Moyo warns against stocks being overvalued due to AI hype. Moyo highlights the risk of highly leveraged non-performing assets, similar to the 2008 crisis. The stock…
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The market is flashing signs of a dangerous debt bubble with losses that could be ‘contagious,’ economist says
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Getty Images; Alyssa Powell/PA The market faces the risk of a harmful debt bubble, which could spread losses across the financial sector. Economist Dambisa Moyo warns against stocks being overvalued due to AI hype. Moyo highlights the risk of highly leveraged non-performing assets, similar to the 2008 crisis. The stock…
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India’s Adani Enterprises eyes first-ever public debt issue in coming weeks, sources say By Reuters
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By Bhakti Tambe MUMBAI (Reuters) – India’s Adani Enterprises, the flagship of the Adani group, plans to launch its first-ever public bond issue in the coming weeks to raise up to 6 billion rupees ($71.7 million), people familiar with the matter said on Tuesday. “The company has already filed a…
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Westwater secures offtake agreement, eyes debt financing By Investing.com
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Westwater Resources Inc. (NYSE American: NYSE:) has announced a significant milestone in its latest earnings call, securing a second multi-year offtake agreement with Fiat Chrysler Automobiles (FCA), part of Stellantis (NYSE:) Group, for the sale of Coated Spherical Purified Graphite (CSPG) from its Kellyton Graphite Plant. This agreement ensures that…
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Treasury to spend Sh69bn on July external debt repayments
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Kenya plans to spend about $533 million (Sh69 billion) on external debt servicing this month, putting fresh pressure on foreign exchange reserves recently replenished with proceeds from a World Bank loan. Public debt data compiled by the Bretton Woods Institution shows that semi-annual payments to China for loans contracted since…
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Atos secures funding of $1.82 billion to restructure its debt By Reuters
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French IT company Atos said on Monday it had secured 1.675 billion euros ($1.82 billion) in financing to restructure its debt through a closing agreement with a group of banks and bondholders representing more than 50% of its creditors. Atos said the remaining creditors have until July 22 to participate…
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Bitcoin mining company TeraWulf pays off debt, eyes AI expansion
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Bitcoin mining company TeraWulf Inc. has paid off its remaining $77.5 million loan ahead of schedule, eliminating all of its outstanding debt. The move gives the company greater financial flexibility to take advantage of growing demand for energy infrastructure, particularly to power AI-generated technology. He said on Tuesday It plans…
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Bitcoin mining company TeraWulf pays off debt, eyes AI expansion
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Bitcoin mining company TeraWulf Inc. has paid off its remaining $77.5 million loan ahead of schedule, eliminating all of its outstanding debt. The move gives the company greater financial flexibility to take advantage of growing demand for energy infrastructure, particularly to power AI-generated technology. He said on Tuesday It plans…
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Kenya settles Sh72bn Eurobond debt balance with World Bank cash
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Kenya settled the balance of $560 million (Sh72 billion) of 2014 Eurobonds using part of the proceeds from a $1.2 billion World Bank loan, the Central Bank of Kenya said. The debt, which was due on June 14, was settled on Friday, along with the latest semi-annual interest payment of…