Search For "debt"
China's push for railway line with Kyrgyzstan to establish strategic advan
Updated : 3 years, 5 months ago IST
Beijing [China], October 10 (ANI): The construction of the China-Kyrgyzstan-Uzbekistan (CKU) railway project is likely to provide China with a shorter route to Europe while bypassing a sanctions-hit Russia as China succeeded in bringing Kyrgyzstan on board after years.
Read More
Chinese officials in poor countries face unpleasant jobs as debt collector
Updated : 3 years, 5 months ago IST
Beijing [China], October 9 (ANI): Across much of the developing world, China finds itself in an uncomfortable position as the world's debt collector amid rising inflation and a weakening global economy.
Read More
Moody's downgrades Pakistan with 'C rating' after seven years
Updated : 3 years, 5 months ago IST
Islamabad [Pakistan], October 8 (ANI): The New York-based credit rating agency Moody's Investors Service has downgraded Pakistan's local and foreign currency and senior unsecured debt ratings to Caa1 from B3, citing increased government liquidity and external vulnerability risks and higher d
Read More
Govt notifies establishment of 'Credit Guarantee Scheme for Startups'
Updated : 3 years, 5 months ago IST
New Delhi [India], October 7 (ANI): The Department for Promotion of Industry and Internal Trade (DPIIT) has notified the establishment of the Credit Guarantee Scheme for Startups that will act as a key enabler and risk mitigation measure for lending institutions and ensure collateral-free fu
Read More
G7 targets China's Belt Road and Initiative to curb its global influence
Updated : 3 years, 5 months ago IST
Beijing [China], October 6 (ANI): China tried to project itself as a helping hand to developing countries in the case of infrastructure and economic development through its Belt and Road Initiative but only just to lure them into their debt trap. To counter China's BRI, G7 announced an infra
Read More
Pakistan farmers stuck in vicious cycle of debt as crops destroyed in floo
Updated : 3 years, 5 months ago IST
Islamabad [Pakistan], October 3 (ANI): As floodwaters in Pakistan recede, the story of those in the worst affected regions comes to the surface with many farmers sharing their woes of being stuck in a vicious cycle of sinking into debt and not being able to pay back the landlords, media repo
Read More
China looking for new ways to resolve current debt quagmire: Report
Updated : 3 years, 5 months ago IST
Beijing [China], October 3 (ANI): After the first version of China's flagship Belt and Road initiative was blocked, Beijing is working on a 2.0 version while being open to accepting some losses on loans and renegotiating debt, something it had been previously unwilling to do, a report said.
Read More
China falls into its own debt trap as loans under Belt and Road Initiative
Updated : 3 years, 5 months ago IST
Beijing [China], October 3 (ANI): China is falling into its own debt trap as the country's banks have sharply reduced lending to low-income countries under its flagship Belt and Road initiative (BRI) after the crumbled economies of borrowing countries have left the Asian giant with huge pile
Read More
China's debt trap policy boomerangs amid slowing foreign economies
Updated : 3 years, 5 months ago IST
Beijing [China], October 1 (ANI): China's debt trap policy has boomeranged with many loans to emerging economies falling into repayment troubles due to financial distress and a slowing economy.
Read More
China's 73rd National Day: Protest erupts in Bangladesh against Chinese op
Updated : 3 years, 5 months ago IST
Dhaka [Bangladesh], October 1 (ANI): As the Chinese government is celebrating its 73rd 'National Day', protests erupted in Bangladesh against the persecution of Uyghur Muslims by the Chinese government, debt trapping Dhaka through various projects and ill-treatment of Bangladeshi workers
Read More
Poonawalla Fincorp's rating upgraded to AAA by Care Ratings
Updated : 3 years, 5 months ago IST
Pune (Maharashtra) [India], October 1 (ANI/BusinessWire India): Care Ratings Ltd (Care) has upgraded the long-term rating of Poonawalla Fincorp Limited (PFL) and its subsidiary, Poonawalla Housing Finance Limited (PHFL) to "CARE AAA (Triple A), Stable". This rating is applicable for bank loa
Read More
China's rise cause of concern for neighbours, developing countries
Updated : 3 years, 6 months ago IST
Beijing [China], October 1 (ANI): China has been on a war path of elevating its status from a regional developing country to a nation that has threatened many of its contemporaries with its economic and militaristic powers.
Read More