Jan Siegmund, the finance chief of Automatic Data Processing Inc., is already rethinking his cash-management strategies, after last week’s vote from the Securities and Exchange Commission on money market funds. “We could change where we put our money,” Mr. Siegmund said, but declined to be specific. “We’re mulling it over.”
BUENOS AIRES (Reuters) – Argentinas proposed debt restructuring plan, designed to sidestep US court rulings that led to the countrys default in July, faces massive legal and logistical hurdles that mean it may never get off the ground, lawyers said.
Left-leaning President Cristina Fernandez unveiled on Tuesday measures that would see the South American country make payments on debts held under foreign legislation in Argentina and push bondholders to bring their notes under Argentine law.
The US judge at the center of its debt battle with US investment funds, who spurned restructured debt after the countrys record 2002 default and are suing Argentine for face value, said...
AHMEDABAD: As more and more students continue to opt for higher studies, the request for education loans grew by almost double in 2013-14 compared to previous year.
Banks have disbursed education loans to 20,115 students to the tune of Rs 372.60 crores in 2013-14 by March 2014 compared to Rs 241.23 crore disbursed to 10,887 beneficiaries in 2012-13. The outstanding under education loans reached Rs1438.59 crore in 50,656 accounts as of March, 2014.
On the contrary, due to slowdown in real estate and higher interest rates, demand for home loans saw a drop of 26% as less people applied for them. Home loans worth Rs 7028.95 crore were granted to 81,556 beneficiaries during the year...
New Delhi: The Government is implementing a Central Sector Scheme, namely, Central Sector Interest Subsidy Scheme (CSIS) for providing interest subsidy during the period of moratorium on educational loans which is study period plus one year or up to six months after getting a job, whichever is earlier, to students belonging to economically weaker sections with an annual gross parental/family income upper limit of Rs. 4.5 lakh per year (from all sources) for undergoing professional/technical courses in higher educational institutions within the country.
NAIROBI, KENYA: Some salaried employees often go through what can be described as a tragic cycle of saving, borrowing and repaying in a set number of years. Considering that many people are employed in their mid-20s, and that each cycle of saving, borrowing and repaying may take eight years, one can only make use of a maximum of four such cyclical loans in his or her working lifetime.