Millions of Americans must start repaying their federal student loans again in October, with monthly payments averaging hundreds of dollars. “If they were forgiven out of the blue, I'd be ecstatic.” The Supreme Court in July rejected a plan by President Joe Biden's administration to wipe away $400 billion in student loan debt. On an earnings call last month, the …
Billionaire Anil Agarwal is exploring an overhaul of his lucrative Indian zinc unit that could split out its three core businesses, as part of the wider Vedanta group’s efforts to reduce a multibillion dollar debt load. Vedanta chairman Anil Agarwal Hindustan Zinc Ltd. said in a statement that it could create separate legal entities for its zinc & lead, silver, …
The White House issued a dire warning on Wednesday, predicting a future of falling equities and rising unemployment should the United States fail to make its debt payments. The US government’s failure to pay its financial obligations might result in eight million job losses this summer and a six per cent decline in GDP, according to the President’s Council of …
Highlights Russia made a debt payment in rubles, move that may not be accepted by Russia’s foreign debt holders Ministry of Finance said in a statement that it tried to make a $649 million payment toward 2 bonds. Russia has 30 days of leeway to catch up with its payments, investors have been betting on default Russia said Wednesday that …
Sri Lanka is to pay off a $251m Iranian oil debt by sending the country millions of dollars worth of tea every month. The Sri Lankan government has sought to make foreign exchange swaps with China, Bangladesh, South Korea, and India in a bid to avoid going to the International Monetary Fund. Officials have already banned imports of products including …
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