Debt swap

Turkish Lira Resumes Fall as Erdogan Pledges ‘Not to Turn Back’ on Rate Cuts

The Turkish lira continued its free fall after President Recep Tayyip Erdogan dismissed corporate warnings about the dangers of recent interest rate cuts and vowed there would be “no turning back” on its approach. The currency, which has lost 50% of its value against the dollar since Erdogan ordered the …

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Fitch Downgrades Sri Lanka To ‘CC’ Due To Higher Debt Default Risk

COLOMBO, Dec. 18 (Reuters) – Fitch Ratings downgraded Sri Lanka’s sovereign rating from “CC” to “CC” on Saturday, citing a growing risk of default in 2022, despite repeated assurances from the central bank that measures will be taken to meet all refunds. The rating agency said the downgrade was due …

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Imperial plans $ 1.4 billion in capital spending next year

EDMONTON – Jesse Puljujarvi had two goals and an assist as the Edmonton Oilers managed to come out of a serious crisis by beating the Columbus Blue Jackets 5-2 on Thursday. Derek Ryan, Brendan Perlini and Warren Foegele also scored for the Oilers (17-11-0), who ended a six-game losing streak, …

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Exim Bank of India considers more lending to Sri Lanka amid diplomatic standoff with China

ECONOMYNEXT – India’s Exim (export and import) bank has discussed possible future infrastructure projects with Sri Lanka after funneling more than US $ 440 million into water supply projects in the country. India, as a regional power, seeks to increase its influence over Sri Lanka amid a deepening debt crisis …

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Stone Ocean changes booth names in Netflix version: explained

JoJo’s Bizarre Adventure hasn’t shied away from naming a number of its characters from famous songs, rock stars, and bands, but it can cause problems when it comes to bringing the anime franchise to the West. . With Netflix recently integrating Stone Ocean into its streaming service, similar changes were …

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Shetland Oil Company Reduces Debt Burden As Crude Price Rises

SHETLAND’s oil pioneer Hurricane Energy improved its results after a period in which it faced great challenges. Hurricane announced that it had bought back $ 15,000,000 (£ 11.25 million) of bonds from investment bank Stifel Nicolaus for $ 14 million. The deal is expected to result in a net savings …

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Citizens Advice South Lincolnshire gives advice on how to avoid debt this Christmas

Every month, Citizens Advice South Lincolnshire answers your questions. The question is: I feel like everything is getting more and more expensive and with Christmas approaching I’m really worried about how I’m going to handle it. My partner and I would love to look after our children, but we would …

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Housing in Canada is now too important an asset class: Rosenberg

People who buy a home in Canada don’t just own a home, but rather control a seemingly ever-growing asset class, as the cost of housing in many Canadian cities continues to soar, according to the Bay Street economist David Rosenberg. “Housing has not only become a place to live in …

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The deepening financial crisis in Islamabad and the apathy of Rawalpindi

National security is of paramount and non-negotiable importance and therefore, while defense spending cannot be drastically reduced, it can always be reduced. The bad news is that three years after Sri Lanka was forced to cede the port of Hambantota to China on a 99-year lease due to a loan …

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Latam Air concludes bankruptcy agreement that leaves the reins to creditors

(Bloomberg) – Latam Airlines Group SA has reached an agreement with the main stakeholders which paves the way for the Chilean carrier to reduce its debt and come out of bankruptcy under a new owner. Latin America’s largest airline plans to raise around $ 5 billion by issuing shares and …

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