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Aircel & RCOM steering towards liquidation, resulting in Rs 60,000 Cr NPA for Indian and Foreign Banks ​ By IANS | ​ 3 Views   Aircel & RCOM steering towards liquidation, resulting in Rs 60,000 Cr NPA for Indian and Foreign Banks. Image Source: IANS News New Delhi, April 18 : The National Company Law Appellate Tribunal (NCLAT) ruling of last week in the Aircel Vs. Department of Telecommunications (DOT) case has cast a shadow on the resolution plans of Aircel and Reliance Communication Lt...

By Reuters Staff 2 Min Read April 15 (Reuters) - Sri Lankan shares rose for a ninth straight session on Thursday, as financial and industrial stocks gained. * The CSE All-Share Index rose 1.4% to close at 7,664.38 points after a two-day holiday. The index, up over 13.1% for the year, is set for its longest winning streak this year. * Conglomerate Lanka ORIX Leasing Company Plc and investment company Browns Investments Plc were the top boosts to the index, gaining 7.1% and 4.8%, respectively. * ...

Ukrainian Motor Sich to Sell 50% Stake to Turkish Firm Our Bureau 2115 Ukrainian jet engine maker Motor Sich wants to sell half of its stakes to a Turkish company. Motor Sich’s engines power Antonov planes, besides “Mi” and “Ka” series of military helicopters used by nearly fifteen countries. The sale of some 50% stake in the Ukrainian firm to a Turkish company with a state share in the capital was discussed by President Volodymyr Zelenskiy and Turkish leader Recep Tayyip Erdogan o...

Chinas ambitious BRI project hindered by COVID-19, failure to pay debts ANI | Updated: Apr 15, 2021 18:25 IST Beijing [China], April 15 (ANI): Chinas ambitious Belt and Road Initiative (BRI) has been greatly affected by the COVID-19 pandemic, with Beijing quietly scaling back the project, particularly in the emerging markets of Africa, due to banks being over-extended and loans not being repaid on time. According to Asia Times, even before the pandemic hit ...

The Council on Foreign Relations recently concluded that the BRI undermines global macroeconomic stability and increases the likelihood of a sustained debt crisis in emerging markets.

Sri Lanka's government bonds jumped to their highest level since September on Monday, on reports that the government had sealed a long-awaited $500 million loan deal with the China Development Bank.

Will Chinese loan terms hamper post-virus debt talks in Africa, Asia? By RFI Christian Heinrich/Getty Images In a report published this week, a group of US and German researchers warns that the terms under which China has advanced loans to poor countries in Africa and Asia are damaging some governments ability to renegotiate debt in the wake of the coronavirus epidemic. The report, called "How China Lends - A Rare Look into 100 Debt Contracts with Foreign Governments" echoes warnings about p...

Opinion: High-speed trains. Fast internet. Clean water. Solar energy: These should be Bidens goals now CNN 3/17/2021 Opinion by Jeffrey Sachs © Olivier Douliery/AFP/Getty Images US President Joe Biden meets virtually with members of the "Quad" alliance of Australia, India, Japan and the US, in the State Dining Room of the White House in Washington, DC, on March 12, 2021. (Photo by Olivier Douliery/AFP/Getty Images) House Speaker Nancy Pelosi put her finger on the key econom...

NSDC Secretary: Motor Sich enterprise to be returned to Ukrainian people 4 min read Motor Sich PJSC will soon be legally returned to the ownership of Ukraine, said Oleksiy Danilov, Secretary of the National Security and Defense Council (NSDC) of Ukraine. "... We are talking about the Motor Sich enterprise in Zaporozhia. To date, a decision has been made according to which the Motor Sich enterprise will be returned to the Ukrainian people. It will be returned to the ownership of the Ukra...

Transcript of IMF Press Briefing HTML File Transcript of IMF Press Briefing March 11, 2021 MR. RICE: Good morning everyone, and welcome to this press briefing on behalf of the International Monetary Fund. Im Gerry Rice of the Communications Department. And as usual, our briefing this morning will be embargoed until 10:30 a.m. Thats Washington time. Wishing everyone well. Hope youre staying safe. And especially in this week of International Womens Day, which we are celebrating here at the IMF an...