Tag Archives: debt

Tech fever reaches Asian debt market

Tencent Holdings, the Chinese internet and messaging giant, is said to be targeting proceeds of around US$5bn, according to several sources. HONG KONG: At least three of China’s leading technologycompanies are preparing to sell US dollar bonds, taking advantage of strong earnings and surging appetite for the sector to lock in low funding costs. Tencent Holdings, the Chinese internet and messaging giant, is said to ... Read More »

China’s central bank chief urges Beijing to promote equity, cut debt, eliminate ‘zombie’ companies

China’s central bank boss spelled out his strategy to prevent a future financial crisis, urging broadened equity funding and direct finance to reduce corporate leverage and eliminate “zombie” companies, official media reported on Saturday. Zhou Xiaochuan, Governor of People’s Bank of China, said that the market should play a “decisive role” in allocating financial resources, but also stressed the importance of stronger ... Read More »

In debt with cancer: Is your bank listening?

Tracy Jameson was diagnosed with ovarian cancer last year Some cancer sufferers who phone the Macmillan support line want to talk about death, and the process of dying. But for 25 times as many patients, it’s not their health they want to discuss. It’s their finances. Macmillan’s research shows that most cancer suffers are nearly £7,000 a year worse off ... Read More »

UK banks ordered to hold more capital as consumer debt surges

The Bank of England has warned against spiralling consumer borrowing. Photograph: Maxim Zmeyev/Reuters The Bank of England is to force banks to strengthen their financial position in the face of a rapid growth in borrowing on credit cards, car finance and personal loans. The intervention by Threadneedle Street means banks will need to set aside as much as £11.4bn of ... Read More »

Things To Know About The Best Way To Come Out Of Debt

If you want to effectively clear all your debt and be in a peaceful mental state, then you can avail the services of various credit counseling agencies that are available in the market. They can give you the mostsuitable credit consolidation programs also known as debt management planes, to help you get out of the dire situation. They can effectively ... Read More »

Making Debt Consolidation Easy with a Free Quote Online

When it comes to handling a bad mortgage that you haven’t been able to pay in a long time, debt consolidation can turn out to be a trenchant option to help you deal with overgrown debt. For this, you need to first request for a free of cost debt consolidation quotation which is easily available online. Once you get the ... Read More »

Schaeuble says Germany must stick to no new debt policy after 2017 election

German Finance Minister Wolfgang Schaeuble said on Sunday it was important that Germany sticks to its fiscal policy of taking on no new debt after next year’s federal election as it was necessary to reduce public debt. In July government sources said Germany wanted to stick to plans for a balanced budget over the next four years and reduce its ... Read More »

China must quickly tackle rising corporate debt, warns IMF official

China must act quickly to address mounting corporate debt, a major source of worry about the world’s second-largest economy, a senior International Monetary Fund (IMF) official said on Saturday. David Lipton, first deputy managing director of the IMF, warned in a speech to a group of economists in the southern city of Shenzhen that companies’ indebtedness is a “key fault ... Read More »