As bad debts soar, Canadian banks eye asset sales to boost capital

[ad_1] [1/2]A woman leaves a Bank of Nova Scotia (Scotiabank) branch in Ottawa, Ontario, Canada, May 31, 2016. REUTERS/Chris Wattie/ File Photo Acquire Licensing Rights TORONTO, Nov 8 (Reuters) –…

Mortgage debts and bust firms put UK banks’ profits under pressure

[ad_1] UK banks will be hoping there are no fresh crises around the corner as they prepare to reveal third-quarter profits this week. It follows a turbulent period for the…

How China’s Belt and Road Initiative Is Changing After a Decade of Big Projects and Big Debts

[ad_1] BEIJING (AP) — China’s Belt and Road Initiative looks to become smaller and greener after a decade of big projects that boosted trade but left big debts and raised…

Former Congressional Candidate Convicted of Spending Campaign Funds on Business Debts

[ad_1] Abhijit “Beej” Das was accused of soliciting at least $125,000 in illegal campaign contributions from friends and family. He was convicted Friday of one count of accepting excessive campaign…

More bankruptcies in September

[ad_1] Download CSVShow datatableNumber of bankruptcies of businesses and institutions (including sole proprietorships) adjusted for court sessions days Number of bankruptcies of businesses and institutions (including sole proprietorships) adjusted for…

Minister seeks banks’ understanding in resolving N120b USSD debts impasse

[ad_1] •Tells DMBs services not free, asks telcos to be more innovative•Operators lament fall in CAPEX, foreign direct investments The Minister of Communications, Innovation and Digital Economy, Dr. Bosun Tijani,…

Bond vigilantes and inversion anxiety

[ad_1] One of Wall Street’s enduring lessons, “inverted yield curves don’t always predict recessions, but all recessions have inverted yield curves”, is back in the headlines as yields on 10-…

IMF’s policy needs deeper political economic thinking

[ad_1] ‘“Escalating protests in Pakistan against rising costs linked to IMF demands, which follow similar protests in other countries, should serve as a wake-up call to the IMF ahead of…

It only took a few centuries, but Denmark has finally repaid all its foreign debts

[ad_1] Today marks a milestone for Denmark, centuries in the making. The Danish government will repay a $1.5 billion loan (pdf), freeing it from foreign-currency debt for the first time in at least 183…

Wilko: rescue deal to save many stores at risk over supplier debts

[ad_1] A rescue deal to save the majority of Wilko’s stores has been put at risk as some key suppliers want outstanding debts repaid upfront to guarantee continuing to provide…