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PARIS (Reuters) – The Paris Club invited the Argentine government on Friday to negotiate paying off its overdue debt, with talks starting in the week of May 26 to take an important step towards settling the long-running debt dispute.
NEW YORK (Reuters) – Foreign central banks’ overall holdings of U.S. marketable securities at the Federal Reserve plunged in the latest week, with a particularly sharp drop in Treasuries, data from the U.S. central bank showed on Thursday.
BEIJING (Reuters) – Chinese Premier Li Keqiang signalled on Thursday that his government will not ride to the rescue of every troubled investment by saying some loan defaults are “hard to avoid” in what he called a challenging economic environment.
Debt-ridden Hotel Leelaventure will renegotiate with possible lenders for a bridge loan as the terms for borrowing did not meet its requirements. The hospitality chain that runs hotels and resorts under the Leela brand, in its board meeting held today authorised its Chairman & Managing Director Vivek Nair “to negotiate and finalise the terms and conditions of the bridge loan for meeting the debt service obligations of the Company”.
The stock market loves BT (LSE: BT-A) (NYSE: BT.US).
Indeed, shares have had a fantastic year, making capital gains of 53% while the FTSE 100 has only been able to deliver 7%. Furthermore, shares have made a great start to 2014, being up 7% while the FTSE 100 is up just 1%.
“Marico has reduced its advertising and promotional expenses by 15 percent similar to previous quarter which might turn perilous in the long run when compared to other peers in the industry. Rural India is the next growth driver for FMCG companies thus requiring high promotional budgets. Marico has improved its debt position by curtailing debt and the company stands net debt free with a surplus of Rs. 650 mn as on 31st December 2013. The debt equity ratio stands at 0.49 in Q3 FY14. Marico with its established products such as Parachute and Saffola and with introduction of new products, Livon Conditioning Cream Colour and Bio Oil will garner greater market share in the long run. Thus we recommend ‘BUY’ for the medium and long term with the target price of Rs 235,” says Firstcall Research Report.
NEW YORK, March 3 (Reuters) – The Long Island Power Authority (LIPA) is no longer facing the risk of an imminent downgrade to its credit rating but the long-term outlook for the New York state utility company is still negative, Standard & Poor’s Ratings Services said on Monday.
The interim budget known as the vote on account has been passed in parliament. The provisions of this budget are effective only for a few months until the full budget is presented by the new government. As such, it will not have much of an impact on the economy. However, it is important to understand the nuances of any budget, especially if one is a student in a B-school.