Banks’ snubbing of junk-rated loan funds worsens financing logjam
A decision by banks to change how they invest spare capital is limiting their ability to extend loans to companies with weak balance sheets during the financial market downturn, fund…
JPMorgan looking to offload Saudi and UAE sovereign fund loans
JPMorgan is seeking to sell at a discount loans raised by the sovereign wealth funds of Saudi Arabia and the United Arab Emirates, according to two sources and a document,…
EU faces bankruptcies and bad loans as COVID-19 help for firms ends: EU document
The European Union is facing a surge in bankruptcies and bad loans once the post-pandemic economic recovery starts to take hold and governments begin withdrawing state schemes that are keeping…
In China, stocks-for-loans under stress as markets slide
A sharp drop in mainly small-cap Chinese stock prices has exposed a new and potentially destabilising pocket of leverage in the world's second-largest economy. The value of shares that shareholders…
A benevolent aid giver, not a loan shark
The rich countries seem overly worried over China's inroads in the long neglected dark continent - Africa and its attempts as well to build the much-needed physical infrastructure in the…
Living on loans
Pakistani officials who were on a long official trip to the US, which started in early October, for negotiating the revival of the $6 billion loan IMF package kept promising…
Balancing foreign loans with sustained growth
In order to achieve debt sustainability, improve living standards and absorb the growing labour force, Pakistan’s economy must grow at a rate greater than 8 percent for a minimum period…
PMC creates fund for student loans and grants
After remaining in the limelight over the last few months due to protests and criticism by politicians and the medical fraternity, the Pakistan Medical Commission (PMC) has taken some crucial…
Low-income schools may be provided loans
A parliamentary panel was told on Tuesday that the government is mulling over providing loans to low-income schools, affected by the Covid-19 pandemic. National Assembly Standing Committee on Education, which…
Forgiving loans
During his campaign, Biden endorsed canceling $10,000 per person of student loan debt. Yet, as soon as he won the election, Biden called on Congress to take up the matter.…
