The International Monetary Fund approved Pakistan's US$5.3 billion loan to help the nation stabilize its struggling economy.
Mezzanine Debt
Fed's Reduced Bond Buying Threat Results in Fund Withdrawals
Fed's reduced bond buying threat resulted in fund withdrawals from several investors. After the Federal Reserve announced that it may slow down the pace of its asset purchases this year, several investors reacted by withdrawing their investments in mutual funds.
S&P Lowers SoftBank's Rating After Winning Sprint Deal
S&P lowered SoftBank's rating after winning the bid on Sprint. According to a statement by Standard & Poor, SoftBank ratings were lowered from BBB to the highest non-investment grade of BB+, with a stable outlook.
Oregon Introduces its “Pay It Forward” Student Loan Program
Oregon introduced its “Pay It Forward” student loan program, a hybrid between the old college loan model and Peter Thiel's investment approach.
Gulf Marine Services Obtain Syndicated Loan Facility
Gulf Marine Services receives loan facility worth UAE1.32 billion or US$360 million. On Sunday, the Abu Dhabi Islamic Bank had closed a syndicated Islamic loan facility valued at UAE1.
Latest News
The Swedish government declared a deficit in June. The Swedish government declared a deficit in government payments amounting to SEK6. 4 billion in June, under SEK28.
Premier African Minerals Ltd. acquired contol of 42% common stocks in Ethiopian Potash Corp. (Photo : Reuters)The image shows the logo of Ethiopian Potash Corp.
Fitch ratings for the transport infrastructure sector was mostly Stable Outlook. (Photo : Reuters)The image shows a building of Fitch Ratings, a global rating agency.
Naftogaz is renegotiating its obligations with Gazprombank. (Photo : Reuters)The image is natural gas fuel burning in a stove. The national oil and gas company of Ukraine, Naftogaz, is undertaking negotiations to extend the demandable maturity date that it owes Gazprombank of Russia.
Davra Networks ‘Internet of Everything’ got $2 m illion Series A Funding and a new Board member.
P2P investors plan to securitize loans to further growth in originations. (Photo : Reuters)The image shows the facade of the New York Stock Exchange at Wall Street.
Wall Street investors brought excitement as well as risks to the P2P sector. (Photo : Reuters)The image shows the Wall Street sign as seen outside the New York Stock Exchange.
A strategist noted that politics in Portugal could lead to crisis. (Photo : Reuters)The image shows the logo of EDP Energias de Portugal SA, a Portuguese company.
Cengage Learning filed for bankruptcy protection under chapter 11 due to its US$5.8 billion debt. (Photo : )The photo demonstrates Cengage Learning's logo.
