Bailout Plan
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How Banks And The Fed Are Preparing For A US Default - And Chaos To Follow
Convening war rooms, planning speedy bailouts and raising house-on-fire alarm bells: Those are a few of the ways the biggest banks and financial regulators are preparing for a potential default on U.S. debt.
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China Backs Sri Lanka Debt Plan, Clears Way For $2.9 Billion IMF Deal
China has given assurances that it will support Sri Lanka's debt restructuring, clearing the biggest hurdle for the debt-ridden country to secure a much-needed $2.9-billion bailout package from the IMF, President Ranil Wickremesinghe said today.
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Pakistan PM Hopeful Of Early Settlement With IMF To Unlock Foreign Loans
Pakistan Prime Minister Shehbaz Sharif on Friday expressed hope for an early agreement with the IMF to unlock the much-needed foreign loans, a day after the global lender announced its plan to send a staff mission to the cash-strapped nation.
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India Plans To Stop Financial Aid To Sri Lanka After IMF Bailout: Report
India does not plan to provide fresh financial support to Sri Lanka on top of the nearly $4 billion it has extended this year, two sources told Reuters.
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Sri Lanka's IMF Bailout Deal Could Be A Turning Point, Now It Courts China And India
Sri Lanka's International Monetary Fund bailout plan could be a turning point in its worst economic crisis.
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Voyager Digital Rebuffs ‘Low-Ball Bid’ From FTX, Alameda Ventures as Amid Bankruptcy Process
Crypto lender Voyager Digital on Sunday rebuffed a recent joint proposal from FTX and Alameda Ventures and called it a "low-ball bid dressed up as a white knight rescue". The firm was offered a bailout plan where crypto trading firm Alameda would purchase all of Voyager's digital assets and digital asset loans, except the loans to bankrupt crypto h...
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This Crypto White Knight Throws A Lifeline For Bankrupt Voyager Customers
Bankman-Fried has become crypto's white knight in recent weeks, throwing lifelines to digital asset platforms that have stumbled in the crypto winter.
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FTX Crypto Exchange Plans Partial Bailout of Bankrupt Voyager's Customers
FTX said on Friday it was planning to offer Voyager Digital's customers access to some of their funds, the latest relief measure by the Sam Bankman-Fried-led cryptocurrency exchange for the ailing crypto industry.
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FTX Has 'A Few Billion' to Support Industry, Claims Head Sam Bankman-Fried
FTX head Sam Bankman-Fried said he and his company still have a "few billion" on hand to shore up struggling firms that could further destabilise the digital asset industry. He has said he plans to give away 99 percent of his wealth, and that he could spend up to $100 million (nearly Rs. 800 crore) supporting candidates in the 2024 election cycle
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Vodafone Offers Reassurance After Shares Crashed 21% On Bailout News
Vodafone Idea Ltd. said government doesn't want to actively run the unprofitable phone operator after its board approved a rescue plan
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Premier League CEO Reveals That There Will Be No "Blank Cheque" To Bail Out Lower-League English Football Clubs
The Premier League's earlier bailout plan was rejected by EFL chiefs, who said that it was insufficient and insisted outfits in the second-tier Championship should also be included in any offer.
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Grounded Jet Airways' Resolution Plan Approved By Creditors
Jet Airways once operated a fleet of more than 120 planes serving dozens of domestic destinations and international hubs such as Singapore, London and Dubai.
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Hong Kong-Based Airline Cathay Pacific Unveils $5-Billion Bailout Plan
This is the first time Hong Kong's government has directly injected money into a private company
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India Planning Rs 11,900 Crore Bailout For Airlines Hit By Virus: Report
India is planning a rescue package worth as much as $1.6 billion for the aviation sector, which has been battered after the coronavirus outbreak forced countries to close borders and brought air travel to a near-halt, two government sources told Reuters.
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Cabinet Clears Bailout Plan For Crisis-Hit Yes Bank: 10 Things To Know
Finance Minister Nirmala Sitharaman said on Friday that the Union Cabinet had approved a reconstruction scheme for Yes Bank as proposed by the Reserve Bank of India. "State Bank of India will invest up to 49 per cent equity in Yes Bank and other investors are also being invited," the Finance Minister said, addressing the media after a meeting of th...
-
How Banks And The Fed Are Preparing For A US Default - And Chaos To Follow
Convening war rooms, planning speedy bailouts and raising house-on-fire alarm bells: Those are a few of the ways the biggest banks and financial regulators are preparing for a potential default on U.S. debt.
-
China Backs Sri Lanka Debt Plan, Clears Way For $2.9 Billion IMF Deal
China has given assurances that it will support Sri Lanka's debt restructuring, clearing the biggest hurdle for the debt-ridden country to secure a much-needed $2.9-billion bailout package from the IMF, President Ranil Wickremesinghe said today.
-
Pakistan PM Hopeful Of Early Settlement With IMF To Unlock Foreign Loans
Pakistan Prime Minister Shehbaz Sharif on Friday expressed hope for an early agreement with the IMF to unlock the much-needed foreign loans, a day after the global lender announced its plan to send a staff mission to the cash-strapped nation.
-
India Plans To Stop Financial Aid To Sri Lanka After IMF Bailout: Report
India does not plan to provide fresh financial support to Sri Lanka on top of the nearly $4 billion it has extended this year, two sources told Reuters.
-
Sri Lanka's IMF Bailout Deal Could Be A Turning Point, Now It Courts China And India
Sri Lanka's International Monetary Fund bailout plan could be a turning point in its worst economic crisis.
-
Voyager Digital Rebuffs ‘Low-Ball Bid’ From FTX, Alameda Ventures as Amid Bankruptcy Process
Crypto lender Voyager Digital on Sunday rebuffed a recent joint proposal from FTX and Alameda Ventures and called it a "low-ball bid dressed up as a white knight rescue". The firm was offered a bailout plan where crypto trading firm Alameda would purchase all of Voyager's digital assets and digital asset loans, except the loans to bankrupt crypto h...
-
This Crypto White Knight Throws A Lifeline For Bankrupt Voyager Customers
Bankman-Fried has become crypto's white knight in recent weeks, throwing lifelines to digital asset platforms that have stumbled in the crypto winter.
-
FTX Crypto Exchange Plans Partial Bailout of Bankrupt Voyager's Customers
FTX said on Friday it was planning to offer Voyager Digital's customers access to some of their funds, the latest relief measure by the Sam Bankman-Fried-led cryptocurrency exchange for the ailing crypto industry.
-
FTX Has 'A Few Billion' to Support Industry, Claims Head Sam Bankman-Fried
FTX head Sam Bankman-Fried said he and his company still have a "few billion" on hand to shore up struggling firms that could further destabilise the digital asset industry. He has said he plans to give away 99 percent of his wealth, and that he could spend up to $100 million (nearly Rs. 800 crore) supporting candidates in the 2024 election cycle
-
Vodafone Offers Reassurance After Shares Crashed 21% On Bailout News
Vodafone Idea Ltd. said government doesn't want to actively run the unprofitable phone operator after its board approved a rescue plan
-
Premier League CEO Reveals That There Will Be No "Blank Cheque" To Bail Out Lower-League English Football Clubs
The Premier League's earlier bailout plan was rejected by EFL chiefs, who said that it was insufficient and insisted outfits in the second-tier Championship should also be included in any offer.
-
Grounded Jet Airways' Resolution Plan Approved By Creditors
Jet Airways once operated a fleet of more than 120 planes serving dozens of domestic destinations and international hubs such as Singapore, London and Dubai.
-
Hong Kong-Based Airline Cathay Pacific Unveils $5-Billion Bailout Plan
This is the first time Hong Kong's government has directly injected money into a private company
-
India Planning Rs 11,900 Crore Bailout For Airlines Hit By Virus: Report
India is planning a rescue package worth as much as $1.6 billion for the aviation sector, which has been battered after the coronavirus outbreak forced countries to close borders and brought air travel to a near-halt, two government sources told Reuters.
-
Cabinet Clears Bailout Plan For Crisis-Hit Yes Bank: 10 Things To Know
Finance Minister Nirmala Sitharaman said on Friday that the Union Cabinet had approved a reconstruction scheme for Yes Bank as proposed by the Reserve Bank of India. "State Bank of India will invest up to 49 per cent equity in Yes Bank and other investors are also being invited," the Finance Minister said, addressing the media after a meeting of th...
