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Asia Times

China consumer loans surge nearly 30 percent as debt worries resurface
Reuters
BEIJING (Reuters) - China's outstanding household consumer loans surged nearly 30 percent by end September from a year earlier, data showed on Friday, a day after its central bank governor issued a strong warning about the risks of rapidly rising debt.
Infrastructure, not speculation, explains China's corporate debtAsia Times
China risks 'Minsky Moment' as debt reaches saturationTelegraph.co.uk
China's central bank just warned of a sudden collapse in asset pricesCNBC
The Straits Times
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Reuters

Ride hailing firm Grab secures up to $700 million in debt facilities
Reuters
Grab, which said the debt funding was a record for a southeast Asian startup, said the facilities were secured from global and regional banks. Grab, whose leasing program helps in growing its driver network, said it would have the largest car rental ...
Grab raises $700M in debt to add more drivers to its ride-hailing service in Southeast AsiaTechCrunch
Grab raises $700 million in debt to grow ride-hailing service in Southeast AsiaVentureBeat
Grab bags S$952m in debt facilities, signs new partnership with SMRTChannel NewsAsia
The Straits Times -Business Insider
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KALB News (press release)

La. borrowing picture improves after debt refinancing
Daily Comet
BATON ROUGE— Louisiana has more wiggle room to borrow money next year for state-financed construction projects, a brightened forecast presented Thursday that replaced grim projections of a cash crunch so deep it threatened to stall nearly all projects.
Louisiana borrowing picture improves after debt refinancingKALB News (press release)
Borrowing capacity improves for Louisiana after debt refinancingWDSU New Orleans

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CNBC

5 ways to get smart and avoid drowning in dumb debt - CNBC.com
CNBC
A look at five ideas and strategies that financial advisors use to help clients with large amounts of debt improve their financial outlook.

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Mongolia to tidy up debt profile
Nasdaq
HONG KONG, Oct 20 (IFR) - The Government of Mongolia (Caa1/B-/B-) plans to buy back foreign debt due next year and issue new bonds to address its short-term maturities and complete a turnaround from last year's economic crisis. The sovereign has ...



CNNMoney

More debt helps China keep its economy humming
CNNMoney
During his speech to the party congress Wednesday, Xi stressed the importance of cutting high levels of debt in the financial system and reforming inefficient state-owned enterprises. But economists have expressed doubts about the president's ...
China: the cost of debt-fueled growthDeutsche Welle

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KNWA

Beware of these scams on student loan debt relief
The Daily Herald
Borrowers complained about overly aggressive — and, in some cases, illegal — debt-collection practices. For example, a debt collector can offset federal loan payments by attaching Social Security retirement payments. This is not the case with private ...
Laden With Student DebtPlanadviser.com

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Consumer Guy: Debt is a vampire
Coeur d'Alene Press
Everyone knows that being in debt can suck the happiness out of your life. Debt will destroy your attitude, your relationships, and your personality. The kind of debt I'm talking about is “stupid debt.” Stupid debt sneaks up on you when “easy credit ...



Washington Examiner

Democrats force Senate GOP to take tough votes on debt, taxes
Washington Examiner
As Senate Republicans worked Thursday to push the fiscal year 2018 budget over the finish line to begin work on tax reform, Democrats forced them to take awkward votes on the debt, tax cuts for the middle class, and the Congressional Budget Office.

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Brattleboro Reformer

Hermitage scrambles to pay off debt
Brattleboro Reformer
His group closed an "equity and convertible debt offering" on Monday. Members were asked to buy equity in the company, with hopes of securing $5 million to pay off debts and move forward with other projects in the pipeline. Hermitage officials said the ...


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