Sunday, June 4, 2023

debt

US debt ceiling deal agreed in principle

 The White House and the Republicans have agreed in principle to raise the US debt ceiling and avert a default after weeks of bitter negotiations, local media reported. The deal still needs to be approved by a divided US Congress. President...

China to help Pakistan meet debt repayments worth $2.3 billion

As Pakistan struggles to secure the critical pending loan from the International Monetary Fund (IMF), the cash-strapped nation looks towards China to rollover more than $2 billion in debt due next month, media reports said on Thursday. Islamabad is still...

RIL mentions plans to maintain Net debt/EBITDA below 1

For the first time, Reliance Industries Limited (RIL) has mentioned it plans to maintain Netdebt/EBITDA below 1, despite the upcoming investments, foreign brokerage Morgan Stanley said in a report. The last two years of internal cash profits have funded the...

China agrees to help SL’s debt restructuring

 Breaking the biggest barrier to receive the promised conditional International Monetary Fund (IMF) bailout package of $2.9 billion to help Sri Lanka's cash-strapped economy, China has given assurance to help the island nations debt restructuring programme. President Ranil Wickremesinghe on...