Embattled Chinese firm Evergrande will deliver almost four times the number of housing units to buyers in December than in the previous three months, its chairman said, as the real estate behemoth grapples with massive debts. Evergrande — drowning in $300 billion in liabilities — has struggled to repay bondholders and investors after becoming ensnared …
Debt-crippled Evergrande Vows ‘Full Steam Ahead’ To Deliver Homes Read More »
Laos opened a new $6 billion rail link with China to much fanfare this month, but analysts warn the party could be short-lived as the government grapples with a potential debt crisis. The line will connect the capital Vientiane with the southern Chinese city of Kunming, and there are grand plans for a high-speed rail …
Laos Opens Scenic Railway Built On A Mountain Of Chinese Debt Read More »
FILE PHOTO: Signage is seen at the Consumer Financial Protection Bureau (CFPB) headquarters in Washington, D.C., U.S., August 29, 2020. REUTERS/Andrew Kelly//File Photo April 19, 2021 By Katanga Johnson WASHINGTON (Reuters) – Debt collectors pursuing Americans for overdue rent must tell them in writing about their rights under a nationwide eviction ban, the U.S. Consumer …
U.S. debt collectors must tell delinquent renters about eviction protections Read More »
America’s national debt now exceeds $123 trillion, according to a new report, or more than four times the official figure of $28 trillion, as calculated by the U.S. Treasury Department at the end of March. Federal spending related to the CCP virus pandemic and economic lockdown added nearly $10 trillion to the total in 2020, …
True National Debt Exceeds $123 Trillion, or Nearly $800,000 per Taxpayer: Report Read More »
FILE PHOTO: U.S. President Joe Biden delivers remarks on his plan to withdraw American troops from Afghanistan, at the White House, Washington, U.S., April 14, 2021. Andrew Harnik/Pool via REUTERS April 15, 2021 (Corrects headline to show ban applies to participating in primary market) By Arshad Mohammed (Reuters) – President Joe Biden will issue an …
FILE PHOTO: The logo for Dell Technologies Inc. is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., January 10, 2019. REUTERS/Brendan McDermid April 15, 2021 (Reuters) -Dell Technologies Inc said on Wednesday it would spin off its 81% stake in cloud computing software maker VMware, …
Dell spins off VMware stake, generating up to $9.7 billion to pay down debt Read More »
Pedestrians walk in Buenos Aires’ financial district, Argentina September 24, 2020. REUTERS/Agustin Marcarian April 8, 2021 By Marc Jones LONDON (Reuters) -Debt experts, charity groups and investors welcomed news on Wednesday that the world’s poorest countries will get new IMF funds and COVID-19 debt relief, but they also cautioned that for some it would still …
SDRs and debt holidays still just a band-aid for debt-hobbled countries Read More »
FILE PHOTO: Alejandro Werner, Director of the Western Hemisphere Department of the International Monetary Fund (IMF) speaks during the launch of the report “Economic Perspectives-Americas: Frustrated by Uncertainty”, in Bogota, Colombia October 28, 2019. REUTERS/Luisa Gonzalez/File Photo April 8, 2021 By Rodrigo Campos NEW YORK (Reuters) -There is still a lot of uncertainty about Argentina’s …
IMF official says Argentina’s leaders divided over debt talks, economic policy Read More »
White House chief of staff Ron Klain listens as President Joe Biden speaks about the southern border during a meeting in the State Dining Room of the White House, Wednesday, March 24, 2021, in Washington. (AP Photo/Evan Vucci) OAN NewsroomUPDATED 6:38 AM PT – Friday, April 2, 2021 Joe Biden is reportedly asking his education …
Biden asks education secy. if he can legally cancel student debt Read More »
The U.S. Department of Education said it has scrapped a Trump-era policy in order to fully erase federal student loan debt for borrowers who claim they didn’t receive the kind of college education they were promised. The change, according to the newly-confirmed Education Secretary Miguel Cardona, is expected to ultimately help approximately 72,000 borrowers receive …
Biden Admin Rescinds Trump Policy, Cancels $1 Billion in Federal Student Loan Debt Read More »
