Debt Deal Proposals

Vedanta Resources' efforts to manage its debt load were dealt a blow after the government opposed the mining conglomerate's proposed $2.98 billion deal to move certain zinc assets from its flagship company to another in which it is a majority shareholder.

Twitter has accused Tesla CEO Elon Musk of trying to "slow walk" the company's lawsuit to hold him to his $44 billion (roughly Rs. 3,51,500 crore) acquisition of the microblogging service. Urging a September trial to ensure deal financing remains in place, Twitter said that if Musk is ordered to close the deal it could still take months of addition...

Around $1 trillion of debt owed by developing countries would be cancelled under a global deal proposed by the United Nations Conference on Trade and Development (UNCTAD) on Thursday to help them overcome the impact of the coronavirus pandemic.

Industry body Assocham has sought a blanket year-long moratorium by banks on debt repayment for both corporates and individuals to deal with the economic fallout of Covid-19. Accordingly, the industry body sent this proposal in a communication to Finance Minister Nirmala Sitharaman, who heads the Covid-19 Economic Response Task Force.

A Connecticut court gave the green light to a proposal submitted by 50 Cent to pay some $23.4 million to creditors over five years

The proposed deal will stop Tata Steel's cash losses from the LP division and help somewhat improve profitability for the Europe operations, he added.

Greece must start to implement tough reforms as early as next week in exchange for a bailout to keep it in the euro, according to proposals drawn up by finance ministers for a eurozone summit on Sunday.

The German government has argued that Greece could take a five-year "time-out" from the euro zone and have some of its debts written off if Athens fails to improve proposals it has made for a bailout.

The Greek parliament will vote on whether to throw its weight behind the new proposals and two senior figures from the ruling Syriza party sounded an optimistic note on Friday morning on securing the lawmakers' backing.

German Chancellor Angela Merkel and French President Francois Hollande, the euro zone's most powerful leaders, said Athens must move quickly if it wants to secure a cash-for-reform deal with creditors and avoid crashing out of the single currency.

A majority of Greeks would vote No to the terms of a proposed bailout deal by foreign lenders but the lead narrowed significantly after banks were closed this week, according to an opinion poll published on today.

Risk-on sentiment in global markets also aided local shares after Greece's latest budget proposals raised hopes it would stave off a debt default and reach a deal with lenders later this week.

Greek Prime Minister Alexis Tsipras presented new proposals to European leaders today aimed at ending his country's debt crisis, on the eve of a summit that could determine whether Greece crashes out of the eurozone.

Greece said on Tuesday it had sent a comprehensive reform proposal to its international creditors, urging them to be realistic and accept the plan to clinch a long delayed deal to release frozen aid before Athens runs out of cash.

Greece's new government has proposed ending a standoff with its international creditors by swapping its outstanding debt for new growth-linked bonds, Finance Minister Yanis Varoufakis was quoted as saying on Monday.

Vedanta Resources' efforts to manage its debt load were dealt a blow after the government opposed the mining conglomerate's proposed $2.98 billion deal to move certain zinc assets from its flagship company to another in which it is a majority shareholder.

Twitter has accused Tesla CEO Elon Musk of trying to "slow walk" the company's lawsuit to hold him to his $44 billion (roughly Rs. 3,51,500 crore) acquisition of the microblogging service. Urging a September trial to ensure deal financing remains in place, Twitter said that if Musk is ordered to close the deal it could still take months of addition...

Around $1 trillion of debt owed by developing countries would be cancelled under a global deal proposed by the United Nations Conference on Trade and Development (UNCTAD) on Thursday to help them overcome the impact of the coronavirus pandemic.

Industry body Assocham has sought a blanket year-long moratorium by banks on debt repayment for both corporates and individuals to deal with the economic fallout of Covid-19. Accordingly, the industry body sent this proposal in a communication to Finance Minister Nirmala Sitharaman, who heads the Covid-19 Economic Response Task Force.

A Connecticut court gave the green light to a proposal submitted by 50 Cent to pay some $23.4 million to creditors over five years

The proposed deal will stop Tata Steel's cash losses from the LP division and help somewhat improve profitability for the Europe operations, he added.

Greece must start to implement tough reforms as early as next week in exchange for a bailout to keep it in the euro, according to proposals drawn up by finance ministers for a eurozone summit on Sunday.

The German government has argued that Greece could take a five-year "time-out" from the euro zone and have some of its debts written off if Athens fails to improve proposals it has made for a bailout.

The Greek parliament will vote on whether to throw its weight behind the new proposals and two senior figures from the ruling Syriza party sounded an optimistic note on Friday morning on securing the lawmakers' backing.

German Chancellor Angela Merkel and French President Francois Hollande, the euro zone's most powerful leaders, said Athens must move quickly if it wants to secure a cash-for-reform deal with creditors and avoid crashing out of the single currency.

A majority of Greeks would vote No to the terms of a proposed bailout deal by foreign lenders but the lead narrowed significantly after banks were closed this week, according to an opinion poll published on today.

Risk-on sentiment in global markets also aided local shares after Greece's latest budget proposals raised hopes it would stave off a debt default and reach a deal with lenders later this week.

Greek Prime Minister Alexis Tsipras presented new proposals to European leaders today aimed at ending his country's debt crisis, on the eve of a summit that could determine whether Greece crashes out of the eurozone.

Greece said on Tuesday it had sent a comprehensive reform proposal to its international creditors, urging them to be realistic and accept the plan to clinch a long delayed deal to release frozen aid before Athens runs out of cash.

Greece's new government has proposed ending a standoff with its international creditors by swapping its outstanding debt for new growth-linked bonds, Finance Minister Yanis Varoufakis was quoted as saying on Monday.