Debt
Debt News
African nations consider swapping debt to invest in climate action
The 'debt-for-climate swap' option is an economic tool that allows a country's debt to be reduced in exchange for commitments to green investments. It was among several green financing alternative models discussed at the ongoing UN conference
Credit Suisse deal wipes out high-risk debt holders
Swiss authorities required that 16 billion Swiss francs in so-called additional tier 1 (AT1) bonds be written down in the mega-merger that was announced late Sunday
G20 finance chiefs differ on debt, Russia-Ukraine war
The meeting of finance ministers and central bank chiefs of the Group of 20 (G20), hosted by India, was likely to end later in the day without a joint communique because there was no consensus on how to describe the conflict in Ukraine, delegates said
Explained: How the Federal Reserve's half-point rate hike will affect American wallets
The effects of the Federal Reserve raising its key interest rate several times this year have been felt by Americans. Those who save will benefit and borrowers can expect to pay more on credit cards, student loans and other forms of debt
Essar Group to build Rs 40,000-crore petrochemical complex in Odisha; details here
The recent completion of Essar's asset monetisation program has resulted in the group being free of debt to Indian financial institutions and banks
Explained: Joe Biden's debt forgiveness plan for American students and how it will provide relief
The student loan plan announced by President Joe Biden will forgive up to $10,000 in loan debt for anyone who makes less than $125,000 a year
World worried after China's property sector suffers another blow
As property developers flourished, housing prices also soared. That worried the government, which was already concerned about the risk posed by debt-laden developers
Bihar: Five members of a family found hanging in Samastipur
It has come to light that the family was in debt, informed police, adding that the FSL team has been called for an investigation
Despite last-minute debt payment, investors brace for Russia to default
The major ratings agencies Standard & Poor's and Moody's have declared Russia is in 'selective default' on its obligations
Global financial leaders discuss debt crisis in IMF-World Bank meeting in wake of Sri Lankan problem
Sri Lanka is witnessing large-scale protests against the government's handling of the debt-ridden economy — the worst-ever economic crisis in the country's history
Sri Lanka economic crisis: Protesters mark New Year near President Gotabaya Rajapaksa's office demanding his resignation
Sri Lanka is on the brink of bankruptcy, saddled with dwindling foreign reserves and $25 billion in foreign debt due for repayment over the next five years. Nearly $7 billion is due this year
Sri Lanka's fuel pumps may go dry by April end; India's $500 million credit line exhausting rapidly
The public anger has prompted nearly all Cabinet ministers to quit, and scores of lawmakers to leave President Gotabaya Rajapaksa's government.
Sri Lanka appoints advisory panel to help resolve growing debt crisis, engage with IMF
PM Mahinda Rajapaksa is yet to appoint a new minister of finance. The country's Finance Minister Ali Sabry on Tuesday resigned, a day after the President appointed him after sacking his brother
Sri Lanka announces $1 billion economic relief package; won't default on debt, says finance minister
Sri Lankan finance minister Basil Rajapaksa said that the country would duly pay the $500 million international sovereign bond payment due in a fortnight
Iran to accept tea in payment for Sri Lankan oil debt
The barter deal will allow sanctions-hit Iran to avoid having to use up scarce hard currency to pay for imports of the widely consumed staple
China’s third-quarter growth slows to 4.9%, power shortage, slowdown in property sector add to woe
Louis Kuijs of Oxford Economics said in a report that “ugly growth numbers” in coming months are likely to prompt Beijing to ease lending controls
China property sector distress deepens as second company runs into financial troubles
Fantasia Holdings missed the deadline to repay a $205.7 million loan
In locked-down Maharashtra, sugarcane field labourers' lives are upturned by rising debt, inability to access education
Countless young people in Maharashtra, whose families are engaged in cutting sugarcane, are faced with the reality of entering into an endless cycle of debt, labour in the fields, and eventually being forced to discontinue their education.
Moody's downgrades India's rating to Baa3; outlook remains ‘negative’; says move not driven by impact of COVID-19 outbreak
The global rating agency Moody's Investors Service on Monday downgraded India's rating to BAA3 from Baa2, and its short-term local-currency rating to P-3 from P-2
Reliance Industries selling 17% stake in Jio Platforms in one month to help pare half its net debt: Moody's
Reliance Industries selling over 17 percent stake in its digital unit Jio Platforms for a combined Rs 78,562 crore in one month will help pare about half of its net debt of Rs 1.61 lakh crore, Moody's Investors Service said on Friday