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March 31st, 2009

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Chinese central gov’t to manage foreign quake-related loans (People’s Daily)

China's central government will manage and repay emergency assistance loans of 1.5 billion U.S. dollars from five international organizations for reconstruction after last year's May 12 earthquake. It has been approved by the State Council, or the Cabinet. The National Development and Reform Commission (NDRC) announced the decision at a conference in Chengdu, capital of Sichuan Province, on ...

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Eastday-Business startup loans rules relaxed (Eastday.com)

NON-SHANGHAI natives who graduated from local universities can now apply for government-guaranteed business-starting loans after the Shanghai Human Resources and Social Security Bureau altered its loan policy yesterday.

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Medvedev links Ukraine loans to gas network talks (AP via Yahoo! Finance)

Russia's president is linking new loans for Ukraine to Moscow being included in talks about modernizing Ukraine's gas network.

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HSBC’s U.A.E. Unit Boosts Home Loans to 75% of Property Value (Bloomberg)

March 31 (Bloomberg) -- HSBC Holdings Plc’s unit in the United Arab Emirates will offer home loans of as much as 75 percent of a property’s value, up from 60 percent now, because “market conditions have improved,” a spokeswoman said.

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Wockhardt Delays Earnings; Seeks to Restructure Loans With ICICI (Bloomberg)

March 31 (Bloomberg) -- Wockhardt Ltd. will delay its annual earnings release as it seeks to restructure its loans with ICICI Bank Ltd., according to a statement from the company.

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Non-Performing Loans Fall In China (Forbes)

Writing off bad loans keeps them off balance sheets, but there are still risks to consider.

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Non-Performing Loans Fall In China (Forbes)

Writing off bad loans keeps them off balance sheets, but there are still risks to consider.

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GM, Chrysler deemed unviable but still get $4B in loans (Edmonton Sun)

General Motors and Chrysler will get up to $4 billion in taxpayer-backed loans despite being deemed unviable companies by the federal and Ontario governments.

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No bias in giving out loans: Smidec (Sabah Daily Express)

Kota Kinabalu: Loans and grants offered by the Small and Medium Industries Development Corporation (Smidec) are open to both genders - men and women.

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Hurricane-aid loans to coast communities may be forgiven (Fort Worth Star-Telegram)

NEW ORLEANS — The federal government proposes forgiving disaster loans made to coastal communities that have faced budget problems in the years after Hurricanes Katrina and Rita. Rules proposed Monday would let local governments avoid repaying some or all of their loans if their revenues for three fiscal years since the disasters haven’t met operating costs. Debt forgiveness would not be ...

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