Business
French premier wants to scrap holidays, freeze spending to slash debt
In order to reduce France's record national debt, Prime Minister François Bayrou presented a plan to cancel two public holidays, reduce…
Tag
Debt
Culture
China lenders rush to sell riskiest debt to catch low yields
Chinese authorities have pushed through the mergers of hundreds of smaller, mostly rural banks, while the larger behemoths are struggling…
Culture
S-Reits with best debt profiles have an average gearing ratio of 33.5%
[singapore] Last month, the US Federal Reserve opted to maintain its benchmark interest rate, adopting a cautious stance despite…
Culture
Cathay Cineplexes operator mm2 Asia to raise funds for debt repayment via proposed share placement
The announcement comes after the cinema chain received a S$3.4 million payment demand from the landlord of its shuttered Jem outlet Media…
Culture
Deutsche Bank, SeaTown join VinFast’s US$510 million private debt: sources
Deutsche Bank and SeaTown Holdings International are among the lenders providing a US$510 million private credit loan to VinFast Auto,…
Culture
Bank of Korea warns of housing, debt risks as easing continues
Persistent housing price gains, particularly in the Seoul metropolitan area, could accelerate debt accumulation in South Korea and pose…
Culture
Nissan’s new CEO faces investor grilling over job cuts, losses and mounting debt
NISSAN Motor chief executive officer Ivan Espinosa’s first shareholder meeting will be overshadowed by tough questions over tariffs,…
Culture
Taiwan central bank says US debt rising too fast may impact trust in Treasuries
Taiwan’s central bank governor warned on Saturday (Jun 21) that rapidly rising US debt could be “unfavourable” to the outlook for US…
Culture
Thai Airways exits debt restructuring plan with court approval
Thai Airways International won court approval to exit a debt restructuring programme, paving the way for resumption of trading in its…
Culture
Debt to decarbonisation: challenges for Nippon Steel
Nippon Steel on Saturday (Jun 14) touted a “historic partnership” with US Steel after US President Donald Trump approved a…
News
Trump’s Out-of-Control Debt Is Not a Bug. To the GOP, It’s a Feature.
But generally speaking, it’s been Republican presidents who’ve piled up the debt. And it’s not very close. Reagan’s percentage was 160.8;…
Culture
Saudi Aramco could tap debt markets again after US$5 billion bond sale
Saudi Aramco has published a new prospectus for its issuance programme of Islamic bonds or sukuk, signalling the state oil major may soon…
News
House Republican Rips Apart Trump’s Tax Bill: “Debt Bomb Ticking”
While Republicans managed to pass their budget bill through the House Thursday morning, one GOP representative was not happy, calling it a…
Culture
Guinness-owner Diageo plans cost cuts, asset sales to reduce debt
Diageo unveiled a plan on Monday (May 19) to cut US$500 million in costs and make substantial asset disposals by 2028, as the maker of…
News
WeightWatchers Files for Bankruptcy to Reduce $1 Billion in Debt
WeightWatchers, a 62-year-old health and wellness company that has faced stiff competition from new weight-loss drugs and programs, filed…
Culture
Telegram weighs US$2 billion bond sale to refinance 2021 debt
[DUBAI/LONDON] Telegram is holding investor meetings about a bond sale worth about US$2 billion as the social media app seeks to refinance…
News
Student Debt Collections Restart on May 5. Here’s What to Know.
After a five-year reprieve, the Trump administration will restart forced collections on federal student loans in default, which could…
Culture
IMF calls for Thai rate cut to support inflation, ease debt load
A FURTHER reduction in Thailand’s policy interest rate will help shore up low inflation and ease the burden for local borrowers, according…
Culture
Australia’s Star Entertainment gets potential lifeline as Oaktree offers debt refinancing
Oaktree’s offer is subject to numerous conditions and there is no certainty it will progress Star says STAR Entertainment Group received a…
News
Why Transferring Credit Card Debt Won’t Pay It Off
Ms. Harris suggests that her clients try “Frugal February” — avoiding discretionary spending and impulse purchases, and putting the money…
Fashion
Temasek and CenterSquare launch US$100 million commercial real estate debt co-investment vehicle
The portfolio continues a strategy across the global real state investment manager’s debt fund series TEMASEK and CenterSquare Investment…
Lifestyle
What is "Don't Buy 2025" challenge popular on social media?
A TikTok trend encouraging people to challenge themselves to spend less has garnered plenty of attention on the popular social media…
Fashion
Musk-Trump bromance turns X debt from burden to asset for Morgan Stanley
JUST a few months ago, Morgan Stanley was stuck with billions of US dollars of unloved debt tied to Elon Musk’s controversial 2022 buyout…
News
Federal Debt Is Now Worrying Even Progressives
The 119th Congress began, as it so often has in recent years, with calls from Republican politicians for wrestling down the national debt,…