March 2021

COVID-19 has turned out to be the final nail in the coffin for Debenhams.But the seeds of destruction of this highly regarded company were sown many years ago. Debs, whose origins…

JOHANNESBURG (Reuters) - A Lebanese shipbuilder at the center of a $ 2 billion debt scandal in Mozambique said he made payments to its current president and ruling party in 2014, but said it was of legal campaign donations, not bribes,…

NAIROBI (Reuters) - Ethiopia cannot yet say whether private creditors will be affected by the country's "cautious" plan to review its debt, a finance ministry adviser said on Tuesday, after the week's announcement The latter resulted in…

Updates from the African economySubscribe to myFT Daily Digest to be the first to know about African economic news. The government of Zambian President Edgar Lungu has hired Lazard to advise it on restructuring the…

A 24-year-old marketer who had $ 13,000 in debt explained how she managed to pay it off and earn over $ 347,000 in net worth in five years. Queenie Tan, from Sydney, said her financial success gradually built up over time after she…

(Bloomberg) - Airbnb Inc. is in talks with investors to take on up to $ 1 billion in additional debt after it announced a $ 1 billion debt and equity deal on Monday, according to people familiar with the matter.The travel platform…

New loan and debt swap agreements dramatically improve the balance sheet and financial position by reducing the overall cost of borrowing, reducing annual interest charges and improving future cash flowTORONTO, Dec. 10 2020 (GLOBE…

In recent months, many companies have raised billions of dollars in new debt in the bond market, taking advantage of low funding costs and strong investor demand.CFOs used the additional capital to strengthen their company's balance…

Updates on the global economySign up for myFT Daily Digest to be the first to know about global economic news. The writer is president of Fulcrum Asset ManagementSince Covid-19 disrupted global growth earlier this year,…

A Wirral school who has been in debt of more than half a million pounds has "hid" his money problems, according to a council report. The Wirral Council Audit and Risk Management Committee discussed the huge…

Coronavirus-the induced stress has accelerated consumer spending on pandemic defects. Alcohol, cigarettes, adult entertainment and lottery tickets are just a few of the items 70% of Americans splurge on during pandemic, new survey…

The Federal Reserve Bank of New York described the "assignment conditions" for his Black rock agreement on March 27. He said the company will not charge asset management fees on exchange traded funds within the SMCCF and will credit…

Schools and nurseries do not pose a high risk of spreading the coronavirus when appropriate tests and follow-up measures are used, according to a study which found that a small percentage of people contracted the disease from…

Calgary, AB, March 2, 2020 - A survey conducted by Ipsos on behalf of MNP Ltd. helps identify some of the costly financial mistakes Canadians make that could be contributing to growing consumer debt…

Photograph by Jonathan Daniels…

Vast Resources plc / Mnemonic: VAST / Index: AIM / Sector: Mining December 9, 2020 Vast Resources plc ("Vast" or the "Company") Update on Asset-Backed Debt Financingand Placement to raise £ 4,846,579.90 before fees…

The US Treasury is borrow $ 3 trillion in three months to pay for the pandemic response, a record sum that eclipses the $ 1.8 trillion borrowed in 2009 during the financial crisis. The debt will be sold in the form of bonds to various…