BOAO, China, March 29 (Reuters) – China’s outstanding green loans currently exceed 22 trillion yuan ($3.2 trillion), accounting for about 10% of the country’s total loan balance, People’s Bank of China Governor Yi Gang said on Wednesday. Separately, China’s green bonds have hit more than 2.5 trillion yuan, Yi said at the Boao Forum in […]
MINNEAPOLIS — Between bank collapses, soaring interest rates and people rethinking where they live, work and spend their money, soaring skyscrapers are not worth what they used to be. Commercial real estate is usually strapped with debt that’s owed, in particular, to smaller and regional banks and if office building owners start missing payments, it […]
Treasure Island Center in downtown St. Paul could get a $3.6 million loan from the Port Authority’s nonprofit arm to avoid a default on its mortgage. The 540,000-square-foot building is owned by Go Wild LLC, a joint venture in which the port’s Capital City Properties (CCP) has a majority stake. Go Wild has not missed […]
This borrowing option is really a mixed bag. Key points A home equity loan can be an easy, relatively affordable way to borrow. If you fall behind on a home equity loan, the consequences could be severe. One major benefit of buying a home is getting to build equity. Equity is calculated by taking the […]
Apple will now let consumers use its mobile payment service, Apply Pay, to make purchases immediately and pay for them in installments over time. With “Apple Pay Later,” users have the option of splitting purchases into four payments made over six weeks. They will not be charged any interest or fees, the company said in […]
Comment on this story Comment Apple wants to help you buy stuff — namely, stuff you can’t currently afford. The company said Tuesday it’s rolling out a “buy now, pay later” (BNPL) feature first announced last year, allowing iPhone and iPad users can ask for a loan inside the Wallet app. If approved, you’d repay […]
Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors’ opinions or evaluations. The rate on a 30-year fixed refinance jumped today. The current 30-year, fixed-rate mortgage refinance rate is averaging 7.16%, according to Bankrate, while 15-year, fixed-rate refinance mortgages average of 6.16%. For 20-year mortgage refinances, […]
Topline Shares of Adani Group’s listed firms were hit by a sell-off Tuesday after Indian media reports raised questions about the conglomerate’s debt repayment claims, resuming a fall in the group’s stock prices that began in January following short seller Hindenburg Group scathing report accusing the group of fraud and stock manipulation. Gautam Adani, speaks […]
Published: March 28, 2023 at 4:13 a.m. ET By Anthony O. Goriainoff Amaroq Minerals Ltd. said Tuesday that it has agreed to $49.5 million in financing that it will use to accelerate production and cashflow generation at its Nalunaq gold-development project in Greenland, and that it is considering listing on Iceland’s Nasdaq Exchange. The Greenland-focused […]
Published: March 28, 2023 at 1:12 a.m. ET By Kwanwoo Jun LG Display Co.’s shares climbed Tuesday, a day after securing a $770 million loan from its parent to bolster its financing and enhance the competitiveness of its organic light-emitting diode business. Shares of the South Korean flat-screen maker rose as much as 13% to […]
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