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World Bank says 'no indication' China misused loan for Uighur schools

Washington - The World Bank said Thursday it is again reviewing a loan to China to provide vocational education to the Muslim Uighur minority, but has "no indication" the funds were used for anything other than schooling.

IMF bumps up Argentina bailout package to $57 billion

New York - The International Monetary Fund agreed on Wednesday to boost its crisis loan package aimed at restoring confidence in Argentina's struggling economy by 14 percent to $57.1 billion.

IMF increases Argentina crisis loan from $50 to $57 billion

New York - The International Monetary Fund has agreed to increase its crisis loan package aimed at restoring confidence in Argentina's struggling economy by $7 billion to $57 billion, the South American country's Finance Minister Nicolas Dujovne said on Wednesday...

Argentina gets first $15 bn from IMF

Buenos Aires - Argentina on Friday received $15 billion, the first tranche of a $50 billion loan from the International Monetary Fund to help stabilize its fragile economy, the South American nation's central bank said.

S.Arabia renews $1 bn line of credit for Beirut: Lebanese govt

Paris - Saudi Arabia, which vies with arch-rival Iran for influence in Lebanon, will grant the country a $1-billion (800 million-euro) development loan, a Lebanese government official told a donor conference in Paris Friday.

IMF chief tells Ukraine to tackle pricey pension system

Kiev - The IMF's chief to Ukraine told Kiev on Tuesday its pension system was unsustainable because it supported nearly a third of the population and must limit the number of retirees.

Ukraine expects another $4.5 bn from IMF this year

Kiev - Ukraine expects another $4.5 billion from the International Monetary Fund (IMF) by the end of the year, the National Bank said Tuesday, one day after the fund granted $1 billion for the cash-strapped country.

French tycoon gave Fillon 'undeclared €50,000 loan'

Paris - Embattled French presidential hopeful Francois Fillon received an interest-free, undeclared loan of 50,000 euros ($53,000) from a billionaire friend in 2013, according to the Canard Enchaine weekly.

IMF team leaves Ukraine without new loan promise

Kiev - The International Monetary Fund said Friday its team had ended a visit to Kiev without seeing sufficient economic restructuring progress to release a new loan to Ukraine this year.

IMF arrives in Ukraine with tough demand for new loan

Kiev - An International Monetary Fund team arrives in Kiev on Thursday to check on cash-strapped Ukraine's books and set out a series of tough conditions for the disbursement of further loans.The IMF approved a $17.5-billion (15.

IMF approves $1 billion in Ukraine aid after long delay

Washington - The International Monetary Fund on Wednesday resumed its bailout of war-torn Ukraine, approving disbursement of $1 billion from an aid package that had been held up in part on corruption concerns.

Loan sharks demand nude photos as guarantees

As a way of guaranteeing loans, internet-based loan sharks in China are demanding naked photos from female college students.

U.S. guarantees major new Ukraine loan

Kiev - The United States said on Friday it had signed a major new loan guarantee with Ukraine aimed at helping the war-scarred former Soviet republic stabilise its floundering economy.

EU approves emergency loan to Greece  

Brussels - The EU approved a short-term loan of 7.16 billion euros ($7.8 billion) to Greece allowing it to meet a huge payment to the ECB and repay the IMF while a new bailout is still being ratified, the EU's top official for the euro said Friday.

Ukraine receives first $5 bn tranche of IMF loan

Kiev - Ukraine on Friday received the first $5 billion tranche of the International Monetary Fund's bailout for its troubled economy, the finance ministry said.

Pay day loan middlemen complaints double in UK this year

Earlier this week, the Financial Ombudsman Service in the UK reported how it had seen complaints about so-called "middlemen" to pay day loan providers more than double this year.

African bank loans Zimbabwe $100 million to ease credit crunch

Harare - The African Export-Import Bank on Saturday announced a $100 million (72 million euro) loan to Zimbabwe's banking sector to ease a credit crunch that has deepened the country's economic woes."It is a well-known fact that the Zimbabwean banking sector an...

Abu Dhabi extends period of $20 bn loans to Dubai

Dubai - Oil-rich Abu Dhabi and the UAE central bank agreed Sunday to extend the period of loans worth $20 billion accorded neighbouring Dubai when it was hit by the global financial crisis in 2009.The government of Abu Dhabi agreed to roll over a loan of $10 b...

UAE telco du agrees terms on $720 million loan financing: Sources

UAE telecom firm du has agreed terms on a $720 million loan which will be used to replace two existing debt facilities and lower the company's funding costs, two banking sources said on Sunday.

Obama signs bipartisan student loan deal

Washington - On Friday, lawmakers from both parties were in the Oval Office, watching President Obama sign into law the "Bipartisan Student Loan Certainty Act of 2013", a bill designed to keep interest rates low for student loans.

Egypt's IMF loan request fraught with difficulties

Cairo - The Egyptian government formally requested a $4.8 billion loan from the International Monetary Fund (IMF) yesterday. The request was made during a visit by IMF chief, Christine Lagarde.

Octomom pitches payday loan service

Nadya Suleman, the octomom, had her house foreclosed on recently and now she has endorsed an instant payday loan service.

Berlin still haunted by 450-year-old debt

Berlin - The German capital city of Berlin still owes a small German town repayment from a loan dating back to 1562. The debt combined with interest amounts to a total of $136.79 million.

South Korea gives $80 million loan for Ethiopia-Sudan power plan

Addis Ababa - The South Korean government has approved an $80 million loan for Ethiopia that would finance the Ethiopia-Sudan electric power transmission line construction and expansion project. The deal is expected to be signed this week.

Op-Ed: Germany loans Libyan rebels €144 million — too little, too late?

Foreign Minister, Guido Westerwelle announced yesterday that Germany would be loaning the Libyan rebels 144 million Euros ($206 million) in aid for “ civil and humanitarian measures.”

China signs $700 million loan to Zimbabwe for agriculture, health

Harare - The government of China has loaned the Zimbabwe government nearly $700 million Monday. The money would go towards the agriculture and health sector. But Chinese Vice Premier Wang Qishan is urging Zimbabwe to respect Chinese businesses.

Tottenham Hotspur want David Beckham for loan move this week

Tottenham manager Harry Redknapp will attempt to bring former England captain David Beckham to the club for a three-month loan spell. The major league soccer season starts in the US on March 15 and Beckham himself is keen to continue playing.

Germany approves loan for Greece Special

Berlin - The German Parliament approved today the bailout funding of up to €22.4 billion ($28.3 billion) in emergency loans to Greece.

Annie Leibovitz images saved by new loan deal

Photographer Annie Leibovitz, who was to be sued by Art Capital Group and an Italian photographer, has had a slight reprieve. She has been given an extension to the time she has to pay the loan back.

China's stimulus plan raises concerns

Is China's over four trillion yuan's (US$586 billion) stimulus plan going to boost its domestic economy, or cause massive wastes? Maybe the latter, warned Zhou Xiaochua, chief of China's central bank.
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President Obama looking at a group of students  before he signs a new bill into law  keeping student...
President Obama looking at a group of students, before he signs a new bill into law, keeping student loan interest low.
Official White House Photo
Wonga provides short-term payday loans
Wonga provides short-term payday loans
Pictured: the firm's TV advert
German Parliament on vote
German Parliament on vote

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