MAPUTO, April 19- The International Monetary Fund will grant Mozambique a $118.2 million credit facility to help it rebuild infrastructure after a devastating cyclone that killed hundreds of people and flattened whole villages, the lender said on Friday. More than 1,000 people have been reported killed by the storm in Mozambique, Zimbabwe and Malawi after...
TOKYO, April 17- The Bank of Japan issued a warning for the first time in 20 years that financial institutions may be over-extending real estate loans, a sign that years of ultra-low interest rates is prodding banks to move into riskier lending to make profits. Nearly 60 percent of regional banks could suffer net losses a decade from now if corporate borrowing...
April 16- Bank of America Corp missed revenue expectations in the first quarter but its earnings still beat forecasts as the bank chopped its expenses and grew its loan book. The second-biggest U.S. bank by assets followed rival domestic lenders by struggling to generate top-line growth in the latest quarter and suffered from a decline in trading revenues.
NEW YORK, April 15- U.S. online lenders such as LendingClub Corp, Kabbage Inc and Avant LLC are scrutinizing loan quality, securing long-term financing and cutting costs, as executives prepare for what they fear could be the sector's first economic downturn. A recession could bring escalating credit losses, liquidity crunch and higher funding costs, testing...
The level of debt and the lack of regulation in the corporate sector is a concern for the IMF, one of its directors has told CNBC.
The euro rose 0.35 percent to $1.1289 after touching $1.1294, its highest since March 26. Dealers said speculators were buying the euro in response to reports on Mitsubishi UFJ Financial Group's planned purchase of the aviation financing business of Germany's DZ Bank. Masafumi Yamamoto, chief forex strategist at Mizuho Securities in Tokyo expected the...
April 11- Tesla Inc on Thursday started leasing out its Model 3 sedan in the United States, in a financing option that would increase the electric car maker's customer base. Tesla said https://www.tesla.com/blog/update-our-vehicle-lineup its customers in the United States would be able to lease any Model 3 variant for a small down payment and monthly...
April 11- Tesla Inc on Thursday started leasing out its Model 3 sedan in the United States, in a financing option that would increase the electric car maker's customer base. Tesla said https://www.tesla.com/blog/update-our-vehicle-lineup its customers in the United States would be able to lease any Model 3 variant for a small down payment and monthly...
More than a dozen Democratic senators introduced a bill on Thursday to overhaul the popular but challenged Public Service Loan Forgiveness Program.
LAGOS, April 8- Nigeria plans to set up an aircraft leasing company to help domestic and African carriers obtain new planes and is seeking private partners for the venture, the government said on Monday. Most airlines in Nigeria want to expand their fleets, but high financing costs and currency risks have hampered growth. On Friday, Nigeria's Medview Airline said...
SINGAPORE, April 8- Grab expects to raise another $2 billion from strategic investors this year, the CEO of Southeast Asia's biggest ride-hailing firm said, just weeks after it announced funding of over $4.5 billion in the region's largest private financing round. "We expect to raise $6.5 billion of total capital this year," Anthony Tan told Reuters in an...
Singaporean company Hyflux could be on the brink of liquidation after its potential rescue deal fell through. David Gerald of the Securities Investors Association (Singapore) weighs in. He says the company funded growth with debt, and their business plan appears to have faltered.
Investors will be watching to see whether the steep decline was the remnants of 2018's late-year turmoil, or another sign that the economy is slowing.
NAIROBI, March 28- Kenya is in no rush to secure a new standby credit facility with the International Monetary Fund as its economy continues to show strength, central bank governor Patrick Njoroge said on Thursday. The country's previous $989.8 million arrangement expired last September after the government failed to meet the IMF's conditions for an...
SAN FRANCISCO, March 27- Bankrupt California power provider PG&E Corp won court approval on Wednesday for a $5.5 billion loan to help maintain electricity and natural gas delivery and for investments to reduce the risk of wildfires as it reorganizes. San Francisco- based PG&E filed for Chapter 11 bankruptcy protection in January in the aftermath of...
DUBAI/ HAMBURG, March 25- Egypt, the world's largest wheat importer, will go back to paying its grain suppliers within 180 days instead of immediately, a government source and traders said on Monday. Egypt's state grain buyer GASC had said in January it would start immediate on-sight payment after obtaining financing from Islamic Trade Finance Corp for its...
WASHINGTON, March 22- The U.S. Energy Department on Friday finalized up to $3.7 billion in loan guarantees to finance the construction of two reactors at the delayed Vogtle nuclear power plant in Georgia, tapping a program zeroed out in President Donald Trump's latest budget. Up to $1.67 billion will go to Georgia Power Co, a subsidiary of Southern Co; up to $1.6...
CARACAS, March 20- Citigroup Inc plans to sell several tons of gold placed as collateral by Venezuela's central bank on a $1.6 billion loan after the deadline for repurchasing them expired this month, sources said, a setback for President Nicolas Maduro's efforts to hold onto the country's fast-shrinking reserves. Under the terms of the 2015 deal with...
March 18- Xerox Corp on Monday said it is exploring the possibility of a "strategic transaction" involving its customer financing business.
A quarter of consumers receive calls each month about a debt they owe. For some people, the calls are relentless.
Data also provided by 
