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loans News Archive08-Aug-2005
- 'Bad debtors thought loans were grants, court told (Bangkok Post)
Misunderstandings about the Student Loan Fund (SLF) played a part in the scheme's accumulating bad debts, where about 300,000 clients failed to pay back loans worth 600 million baht.- 'Shaukat leaves for Japan and Hong Kong today RECORDER REPORTISLAMABAD (August 08 2005): Prime Minister Shaukat Aziz (Business Recorder)
ISLAMABAD (August 08 2005): Prime Minister Shaukat Aziz will be visiting Japan and Hong Kong from August 8 to 13 with a view to further strengthening country's economic, commercial and political ties with its important far eastern partners.- 'Interest rates on home loans spell opportunity (The Indianapolis Star)
Interest rates on everything from home-equity lines of credit to credit cards have been climbing for months, and they're headed higher. The Federal Reserve Board is expected to raise rates again on Tuesday. That's good news if you're a saver. If you're a borrower, Alan Greenspan is your nemesis.- 'Experts wary of loans that grow (Austin American-Statesman)
Homeowners are cautioned to steer clear of option ARMs. Mortgage lenders in recent years have come up with all sorts of strategies to finance home purchases as prices have soared: no-down-payment programs, piggyback loans and, most recently, interest-only loans.- 'MONEY WEEK: time deposits increase by Rs 50 billion in three weeks RECORDER REVIEWKARACHI (August 08 2005): The State (Business Recorder)
KARACHI (August 08 2005): The State Bank is still finalising its balance sheet as at the close of FY05. So, it did not publish its provisional weekly accounts for the third week in succession leaving monetary analysis restricted only to scheduled banks.- 'Ono Seeks $4.1 Bln of Loans, Bonds to Buy Auna Unit (Update2) (Bloomberg.com)
Aug. 5 (Bloomberg) -- Grupo Corporativo Ono SA, Spain's No. 2 cable-television business, is seeking 3.3 billion euros ($4.1 billion) of loans and bonds to back its purchase of Grupo Auna SA's fixed-line unit, bankers arranging the deal said.- 'Noble needs loans to finish work on sewer line (The Oklahoman)
Aug 06, 2005: NOBLE - Even after a $250,000 grant, Noble officials still will need sizable loans to finish paying for 1.8 miles of sewer line work and water system needs.- 'Betting big on home loans (The Santa Rosa Press Democrat)
Interest-only loans have quickly become the most popular way to purchase a house in Sonoma County, where buyers are betting on soaring prices and putting off the dream of paying down their mortgage.- 'World Bank is criticized on loans to China (International Herald Tribune)
Critics of the World Bank are training their fire on the institution's loans to China, a capital-rich country on a buying spree for U.S. bonds and companies, saying the money should go to needy nations.
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