AJ Impact

Coronavirus fallout: Asia's online lenders crushed by bad loans

Asia's once-booming online lending sector sees revenues shrivel as financial start-ups cut costs and shed staff.

Coronavirus fallout: Asia's online lenders crushed by bad loans

AJ Impact

Saudi wealth fund rethinks plan to change $10bn loan terms

Saudi PIF is holding off on plans to change $10bn loan terms after banks voice concern, sources tell Reuters.

Saudi wealth fund rethinks plan to change $10bn loan terms

AJ Impact

Argentina to extend debt deadline, offer restructuring sweeteners

The government needs to restructure about $65bn in bonds made unsustainable by long recession and dive in its currency.

Argentina to extend debt deadline, offer restructuring sweeteners

AJ Impact

'Like a drug deal': Inside Lebanon's black market currency trade

A crackdown on legal exchange shops has turbocharged illicit black market transactions in the crisis-ridden country.

'Like a drug deal': Inside Lebanon's black market currency trade

AJ Impact

More bailouts or more debt? European leaders' difficult decisions

Key question of how to finance debt emerges as Europe's leaders look to stimulate economies wrecked by COVID-19 curbs.

More bailouts or more debt? European leaders' difficult decisions

AJ Impact

Etihad told to restructure debt or face legal action, say sources

Debtholder ultimatum is the latest unravelling of the struggling UAE airline's global partnership strategy.

Etihad told to restructure debt or face legal action, say sources

AJ Impact

Coronavirus debt binge: Abu Dhabi gears up to sell more bonds

The emirate is taking advantage of lower borrowing costs to shore up its finances against oil price slump.

Coronavirus debt binge: Abu Dhabi gears up to sell more bonds

AJ Impact

Saudi construction giant lays off thousands of workers

Saudi Binladin Group put thousands of employees on indefinite, unpaid leave, sources tell Bloomberg news.

Saudi construction giant lays off thousands of workers

AJ Impact

Private creditors reject blanket debt relief for African nations

Private creditor group holds debt of African countries whose finances are buckling under the strain of coronavirus.

Private creditors reject blanket debt relief for African nations

AJ Impact

Saudi construction giant looks to cut costs for Mecca project

Saudi Binladen Group is seeking advice for financial overhaul of Mecca complex, including debt restructuring: sources.

Saudi construction giant looks to cut costs for Mecca project

AJ Impact

IMF, World Bank urged to cancel poor nations' debts

More than 300 politicians, including Bernie Sanders, Ilhan Omar, Jeremy Corbin, urge debt cancellation for poor.

IMF, World Bank urged to cancel poor nations' debts

AJ Impact

Lebanon faces painful reforms to unlock foreign aid

French, British ambassadors say electricity reform and anti-corruption work among conditions to unlock billions in aid.

Lebanon faces painful reforms to unlock foreign aid

AJ Impact

Abu Dhabi's Mubadala hires banks for bond issues: Sources

One banking source tells Reuters Mubadala was looking to raise $3bn to $4bn.

 Abu Dhabi's Mubadala hires banks for bond issues: Sources

AJ Impact

Showdown: Deadline nears for Argentina debt deal

Outcome in Argentina could reverberate globally as other indebted nations are pressured by coronavirus.

Showdown: Deadline nears for Argentina debt deal

AJ Impact

German ruling on bond purchases sparks worries over EU resilience

Germany's high court rules country's central bank must justify bond-buying under European Central Bank stimulus scheme.

German ruling on bond purchases sparks worries over EU resilience