Latest News for: Interest free debts

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Parliamentary committee hopes Marokane will stabilise Eskom

Independent online (SA) 10 Dec 2023
“This Bill seeks to amend the Eskom Debt Relief Act of 2023, to provide for payment of interest by Eskom on amounts advanced as a loan. Prior to the current amendment, the 2023 Eskom Debt Relief Act provided for interest-free loans to the power utility.
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Why high interest rates might fill your wallet for years

The Post and Courier 09 Dec 2023
In recent weeks, bond yields plunged, and investors have grown euphoric that the Federal Reserve would slash interest rates next year ... “It is now past time to revisit the widely prevailing free lunch view of government debt.”. Some experts posited that interest rates would be low forever, Rogoff said.
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Stock market rally: how I’d invest £5k in UK shares today

The Motley Fool 09 Dec 2023
The ones with sturdy balance sheets and plenty of growth potential could be particularly interesting ... After all, higher interest rates and inflation have a significant impact on balance sheets, especially those riddled with debt ... So instead, I’m hunting for stocks that have low debt and high free cash flow generation ... Claim your free copy now.
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Net Zero Requires New High-Voltage Power Lines to be Wrapped Around the Earth 2,000 Times ...

The Daily Sceptic 09 Dec 2023
The ecological costs of all this can only be guessed at ... But the next British government will face an empty exchequer and soaring state debt. Lack of finance along with the end of low interest rates and free money printing is likely to kill many of the green fantasises currently being peddled by collectivist Net Zero fanatics ... The U.K ... Tags ... Donate ... 3.
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42% of Americans would give up Amazon for life to be debt free

Killeen Daily Herald 08 Dec 2023
Debt continues to plague Americans, with many so fed up with it that they would go to extraordinary measures to be free, including giving up traveling, their car, and even their pets ... Those with significant debt — meaning debt that exceeded $40,000 — also had some interesting responses about sacrifices they'd make to be debt-free..
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Higher interest rates are here to stay, so we need a rethink

The Observer 08 Dec 2023
It is now past time to revisit the widely prevailing “free lunch” view of government debt ... As I have previously argued, Japan will struggle to move from its “zero for ever” interest rate policies, as its government and financial system have grown accustomed to treating debt as cost-free.
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Higher interest rates are here to stay, so we need a rethink | Kenneth Rogoff

The Guardian 08 Dec 2023
It is now past time to revisit the widely prevailing “free lunch” view of government debt. The idea that interest rates would be low for ever seemed to support the view that any concern about debt was an ...
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Moody’s warns US, China it’s time to change their ways

Asiatimes 07 Dec 2023
On Tuesday (December 5), Moody’s cut its outlook on the Chinese government’s debt to “negative” from “stable” as Asia’s biggest economy grapples with an economic slowdown and deepening property crisis ... Not least of which is surging debt that’s raised the US government’s estimated annualized debt interest payments to the $1 trillion mark.
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America's 'free lunch' attitude about its debt will be forced to change as interest rates ...

Business Insider 06 Dec 2023
The view that America can take out debt like it's "free lunch" has to change, as interest rates will be elevated for the next decade, according to top economist Kenneth Rogoff ... believe in a "lower forever" interest rate regime that allows for nearly cost-free debt, Rogoff said.
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MPs criticise Eskom’s debt relief amendment bill

Business Day 06 Dec 2023
It was decided the advance funding would take the form of an interest-free loan from the National Revenue Fund. However, during the medium-term budget policy statement in November, it was disclosed the government would convert the loans from interest-free to interest-bearing.
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Higher Interest Rates Are Here to Stay

Project Syndicate 06 Dec 2023
... low indefinitely, making debt cost-free, is no longer tenable.
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US stocks slip as traders digest soft jobs data ahead of Friday employment report

Business Insider 06 Dec 2023
Blame uncertain demand and booming US production.An early Santa Claus rally has come for crypto.America's "free lunch" attitude about its debt will change as it faces higher-for-longer interest rates for the next decade, a Harvard economist said.Saudi Arabia just trimmed oil prices for Asian customers as booming US exports add competition.
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Inflation is falling but interest rates will be higher for longer. Way longer.

Market Watch 05 Dec 2023
It is now past time to revisit the widely prevailing “free lunch” view of government debt ... As I have previously argued, Japan will struggle to move from its “zero forever” interest-rate policies, as its government and financial system have grown accustomed to treating debt as cost-free.
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Senate panel defers legislation on salt exports

Dawn 05 Dec 2023
Discusses kinno exports, strategy for TCP debt repayments ... TCP debt repayment ... This includes the repayment of commercial bank loans and their respective interest. The committee was briefed on the current debt and liability status, which stands at a principal Rs105.512bn and an interest of Rs153.744bn, bringing the total debt to Rs259.256bn.
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NPA: Nigeria’ll Save $326.89m from Agreement with INTELS

This Day 04 Dec 2023
It said this was taking into consideration the interest waiver of ... NPA stated that the benefits also involved the spread of the repayment of the debt over 15 years, with the first two years being interest-free, and the reduction in commission from 28 per cent to 24.5 per cent.
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