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Loans News

IMF greenlights three-year $50 bn Argentina aid program

Washington - The International Monetary Fund on Wednesday formally approved a $50 billion aid package intended to help Argentina confront inflation, budget deficits and a weakening currency.

IMF's Lagarde says ready to assist Argentina

Washington - International Monetary Fund chief Christine Lagarde said Thursday she is ready to aid Argentina and wants talks on a financing package to be finalized quickly.

Argentina minister to meet IMF's Lagarde to request loan

Washington - Argentina Economy Minister Nicolas Dujovne is due to meet Thursday with IMF chief Christine Lagarde to request a financing package to help shore up the struggling economy, officials said Wednesday.

World Bank shareholders approve $13 bln capital increase

Washington - World Bank shareholders approved a "historic" increase in the bank's lending capacity Saturday after the United States backed a reform package that curbs loans and charges more for higher income countries like China.

Stalked by default fears, Venezuela calls creditor meeting

Caracas - Venezuela on Friday called foreign creditors to a November 13 meeting in Caracas aiming to restructure its estimated $150 billion debt, as credit-rating agencies dealt the crisis-stricken country another blow with double downgrades.

Venezuela sets meeting with creditors for November 13: official

Caracas - Venezuela has called its foreign creditors to a meeting November 13 in Caracas in an effort to restructure its estimated at $150 billion debt, Vice President Tareck el Aissami said Friday.

France to loan 430 mln euros to Iraq: ministry

Baghdad - France is to grant a 430-million euro loan to Iraq whose economy has been weakened by low oil prices and its fight against jihadists, a French foreign ministry official said on Saturday.

IMF approves $1.8 bn loan for Greece 'in principle,' no funds released

Washington - The International Monetary Fund late Thursday approved a one-year, $1.8 billion loan program for Greece but will not release any funds until the eurozone agrees on a debt relief plan, in a highly unusual compromise step.

'Tontine' microcredit helps Senegal women do business

Ta - After months of waiting, 50-year-old Ndeye Khari Pouye has finally won the "cagnotte de la tontine", a precious jackpot to help feed her chickens and maintain her livelihood.

China targets debt risks, but does it mean business?

Shanghai - China has launched perhaps its most concerted push yet to clean up a toxic brew of unregulated and risky lending increasingly viewed as a threat to global financial stability, but do authorities really mean business this time? Analysts don't think so.

China targets debt risks, but does it mean business?

Shanghai - China has launched perhaps its most concerted push yet to clean up a toxic brew of unregulated and risky lending increasingly viewed as a threat to global financial stability, but do authorities really mean business this time? Analysts don't think so.

China targets debt risks, but does it mean business?

Shanghai - China has launched perhaps its most concerted push yet to clean up a toxic brew of unregulated and risky lending increasingly viewed as a threat to global financial stability, but do authorities really mean business this time? Analysts don't think so.

Family of Trump son-in-law in $4 bn deal with Chinese company

Washington - A company owned by the family of President Donald Trump's son-in-law, Jared Kushner, is set to receive more than $400 million from a Chinese firm that is investing in its Manhattan office tower, Bloomberg reported Monday.

Naked selfies used as collateral for Chinese loans

Bejing - Hundreds of photos and videos of naked women used as collateral for loans on a Chinese online lending service have leaked onto the web, highlighting regulatory problems in the fast-growing peer-to-peer marketplace.

'Last chance' for Moldova after mass protests: PM

Bucharest - Moldova's new Prime Minister Pavel Filip said Tuesday that his government faces a "last chance" to regain public trust as the country a battles deep political crisis, calling for calm from protesters demanding his resignation.

Europe in new fight over Greece cash crunch

Brussels - European governments clashed on Tuesday over options to help debt-laden Greece meet a cash crunch in coming weeks while it waits for a tough eurozone bailout deal to be finalised.

ECB to hold emergency meeting on Greek bank funding: sources

Frankfurt - The European Central Bank's decision-making governing council will hold an emergency session Friday to discuss a request from the Bank of Greece for an increase in liquidity to Greek banks, sources familiar with the matter told AFP.

Irish government to sell Allied Irish Banks to recoup billions

The Irish government, with a little help from Goldman Sachs, is preparing to return Allied Irish Banks to the stock market and sell off the 99 percent of the Bank it currently owns.

Economic uncertainty sends stocks tumbling globally

Stock markets around the world saw prices dropping heavily as the price of oil fell below $50 per barrel and worries about the economy of Greece, in particular, and Europe, as a whole, sent investors scrambling for an exit.

CA State Commissioner warns of danger in Auto Title Loans Special

Sacramento - With the holiday season the need for extra money can easily push people to dip into savings, use credit cards and seek a cash advance. Some might even consider getting a quick loan using their car.

Global financial regulator issues rules to curb 'too big to fail'

A global banking regulator has issued a series of proposals meant to protect taxpayers from ever again having to finance a bailout of large banks considered "too big to fail."

Canadians lowering personal debt, paying off loans early

In a blow to conventional wisdom, Canadians are paying off loans early and keeping their personal debt under control according to reports.

Wonga’s financial woes mount after FCA clampdown

Up to a million customers of the payday loan company Wonga could have their debts and late fees cancelled or reduced following an investigation by the Financial Conduct Authority.

'Last Week Tonight's' John Oliver took aim at payday loans

British comedian John Oliver recently took aim at payday loans, which are unsecured short-term loans that have high interest rates.

Parents responsible for $200,000 debt after daughter's death

Lisa Mason had taken out a private loan with her parents as co-signers. After passing away from liver failure her parents inherited both her children and her debt.

Op-Ed: 9 ways to teach your children about money

Let's face it – many kids, teens and adults today are more apt to blow their money faster than it takes to earn it. And with the majority of parents surviving on credit, it's no wonder the concept of saving is a difficult one for all to grasp.

Op-Ed: Best practices for getting inexpensive business loans

With the economic downturn and the global recession of 2007 through 2009, one of the hardest hit groups was small businessmen.

Starbucks offers tuition aid for U.S. employees

Starbucks officials have announced a new plan to help some of their staff pay for college. They are going to work with Arizona State University to provide discounts for college fees.

Louisiana Senate rejects limits to lending businesses

On Tuesday, the state senate of Louisiana rejected a bill that proposed limiting the number of payday loans that could be granted per year.

China bank loans surge in March: central bank

Shanghai - China's bank lending surged in March from the previous month, the central bank said Tuesday, but analysts dismissed the possibility of monetary easing.Domestic banks granted 1.05 trillion yuan ($168.7 billion) in new loans last month, down 12.
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Akademos Logo, Akademos Philosophy, Flatworld Knowledge Textbooks, eReader, CoursePack
Akademos, Inc.
LEADERS: Greek Prime Minister Alexis Tsipras (left) and Russian President Vladimir Putin shake hands...
LEADERS: Greek Prime Minister Alexis Tsipras (left) and Russian President Vladimir Putin shake hands at the Kremlin in Moscow in April.
Kremlin's Press Service