For Indonesia’s poor, ‘pay later’ services exact a heavy price | Debt News
[ad_1] Ubud, Indonesia – Nadhea Putri’s mounting debt began with a single mobile phone purchase. Putri, who lives in Kuala Kapuas, Central Kalimantan, about 1,600km…
Sri Lanka under virtual lockdown as fuel restricted for pvt cars | Business and Economy News
[ad_1] Gov’t decided on Monday to limit distribution of fuel to essential services until July 10 and told residents to stay home.By Anusha Ondaatjie and Asantha…
Russia denies debt default, blames Western financial agents | Business and Economy News
[ad_1] Russia’s finance ministry asked foreign bondholders to speak directly to those withholding their payments.Russia has rejected claims that is has defaulted on its external…
Russia defaults on foreign debt for the first time since 1918 | Business and Economy News
[ad_1] Russia defaulted on its foreign-currency sovereign debt for the first time in a century, the culmination of ever-tougher Western sanctions that shut down payment…
Pakistan, IMF say bailout talks making progress | Business and Economy News
[ad_1] The two sides have agreed on the budget and fiscal measures but still need to agree on a set of monetary targets.Key progress has…
Bondholder sues Sri Lanka in US court | Business and Economy News
[ad_1] In its lawsuit, the bondholder said the default is being ‘orchestrated by officials at the highest levels of government’.By Chris DolmetschBloombergPublished On 22 Jun 202222…
IMF team arrives in Sri Lanka as crisis worsens | Business and Economy News
[ad_1] Colombo hopes the IMF visit, overlapping with debt restructuring talks, will yield a quick staff-level agreement.An International Monetary Fund (IMF) team arrives in Sri…
Pharrell Williams pays off five students’ loan debt
Five HBCU students and recent graduates are surely feeling happy after Grammy-winning producer Pharrell Williams surprised them by paying off their student loans. The moment…