Search For "asset sales"
Chinese regional banks sell mortgaged assets amid property sector bad loan
Updated : 1 year, 8 months ago IST
Amid a declining property market in China, regional banks are offloading non-performing real estate loans despite government pressure to support the housing sector. As of June 2024, non-performing industrial loans at local banks surged, prompting significant asset sales to manage bad debts.
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Rising inflation in Pakistan pushes families into debt cycle, asset sale
Updated : 2 years, 8 months ago IST
As Pakistan grapples with a severe economic crisis and soaring inflation, this financial safety net of the people of Pakistan appears eroding, Dawn reported.
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Lufthansa to cut 22,000 jobs as travel demand dips on Covid-19 woes
Updated : 5 years, 11 months ago IST
London [UK], June 11 (ANI): German carrier Lufthansa said on Thursday it will slash 22,000 jobs as it struggles to deal with the downturn in air travel caused by coronavirus pandemic.
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