Of those who reported financial worries, 72% were concerned about not having enough retirement savings to live comfortably and 71% were stressed about the ability to save for goals outside of retirement.
Balancing work and caregiving responsibilities, the ability to managing day-to-day expenses and job security also weighed heavily on their minds.
Since Covid-19 hit in February 2020, women have lost nearly 5.1 million jobs, accounting for 53.5% of the net jobs lost, the National Women s Law Center found. They are also stepping away from work to care for children or other family members. Women started deprioritizing themselves, said Lorna Kapusta, head of Fidelity s women investors team.
The firms invested in the 16 billion rupee ($221 million) issuance from
Kesoram Industries Ltd. through various vehicles, according to an exchange filing Tuesday. The Indian cement manufacturer defaulted on its debt last year and is working to restructure repayments.
The investments reflect growing interest in Indian distressed assets. Global heavyweights such as Apollo Global Management Inc. and Oaktree Capital Group have either struck deals or scaled up their local teams in recent years to bet on businesses struggling to stay afloat in the nation, which has a worsening pile of bad loans.
Kolkata-based Kesoram, whose history dates back over 100 years, this month allotted equity shares and preference securities to 10 creditors as part of its plan to restructure debt. Funds from the bond sale will be used in part to repay existing loans and overdue liabilities.
Global debt exceeds 355 percent of world GDP
Global debt exceeds 355 percent of world GDP
16 de marzo de 2021, 0:15
Washington, Mar 16 (Prensa Latina) The Covid-19 pandemic added 24 trillion dollars to the global debt, which currently exceeds 355 percent of the world s Gross Domestic Product (GDP), according to the Institute of International Finance (IIF).
That global debt increased to 281 trillion dollars in 2020, according to IIF statistics that collect the total private and public sectors debt of 61 countries from a sample in which a much higher increase than that observed during the 2008 global financial crisis can be seen.
By that date, that indicator grew about 10 percent and 15 percent in 2009.
Bamako, Mali (PANA) - Member countries of the G5 Sahel are calling for a profound restructuring of their debt to enable them to continue to meet the urgent and legitimate expectations of their populations in terms of security and
Furniture World News By Nic Ledoux on 3/12/2021
Kornerstone Credit and STORIS recently announced a new partnership to support home furnishings retailers in providing their consumers lease-to-own purchasing options at the Point of Sale. Kornerstone Credit is certified as a lease-to-own lender and integrates to STORIS’ Finance Queue. Their “no credit needed” program expands consumer accessibility to furniture, bedding, and appliances.
Clint Cowley, CRO of Kornerstone Credit commented, “We’re excited to be a certified partner of STORIS. The top home furnishings retailers in North America utilize their state-of-the-art system and we look forward to offering our program to mutual retail partners.”