Ghana suspends payments on Eurobonds, commercial loans Announcement a week after IMF staff-level agreement Eurobonds sink up to 3 cents in dollar ACCRA, Dec 19 (Reuters) – Ghana on Monday suspended payments on most of its external debt, effectively defaulting as the country struggles to plug its cavernous balance of payments deficit. Its finance ministry … Read more
LAHORE: PTI Chairman and former premier Imran Khan on Sunday claimed that the country was heading towards a default with each passing day under the “imported government”. “The PTI’s demand for snap polls is not to give favour to me or my party but to avert the default by bringing political stability to the country,” … Read more
PTI Chairman Imran Khan on Sunday addressed a press conference in Lahore where he compared his government’s performance with that of the incumbent PDM setup, as he pilloried the rulers on their economic policies as well as the looming threat of a default. “The reason of my media talk today is to make the people … Read more
Finance Minister Ishaq Dar Saturday maintained that no more experiments can be done with the country’s economy as the country went through its “darkest economic periods” during the previous government’s tenure. The minister, addressing a ceremony by the All Pakistan Textile Mills Association in the federal capital, said that the economy is going in … Read more
Nigeria will face “a very real threat” of debt default in the 2020s in the absence of a significant shift in economic policy and sustained high oil prices, the chief economist at investment bank Renaissance Capital has warned. Africa’s biggest economy is grappling with low tax revenues and high debt servicing costs, which are taking … Read more
Karachi, Dec 3 (IANS) Pakistan successfully made a repayment of $1 billion against a matured international Sukuk (Shariah-compliant bond), three days ahead of schedule on Friday, dismissing the perception of its default on the payment, local media reported. As per the actual schedule, the country was to return the maturing investment in the US dollar-denominated … Read more
VANCOUVER, BC, Nov. 30, 2022 /PRNewswire/ – The Very Good Food Company Inc. (NASDAQ: VGFC) (TSXV: VERY.V) (FSE: OSI) (“VERY GOOD” or the “Company“) today announced that it has determined that it is not in compliance with the cash coverage ratio financial covenant of not less than 2.50:1:00, as required pursuant to the terms of its … Read more
Microsoft announced that built-in protection is generally available for all devices onboarded to Defender for Endpoint, the company’s endpoint security platform. Once applied, this default set of settings provides better protection for enterprise endpoints against advanced and emerging threats, including ransomware attacks. “Initially, built-in protection will include turning tamper protection on for your tenant, with … Read more
Finance Minister Ishaq Dar addressing a press conference via video link. — Screengrab/PTV ISLAMABAD: Assuring the nation that Pakistan will not default, Finance Minister Ishaq Dar Saturday rejected all rumours related to the oil shortage and widening credit default swap, labelled them as “baseless speculation” being spread for a political agenda. Addressing a press conference … Read more
Former RBI governor C. Rangarajan says failure to act earlier was ‘a failure of political leadership’ Rangarajan: Revisiting the dark days. File photo Our Special Correspondent | Mumbai | Published 08.11.22, 02:55 AM The Reserve Bank of India (RBI) had braced itself for a loan default by the Government of India during the balance of … Read more