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Debt woes 'weigh heavily' on young people, survey finds

2016-08-30 01:00:11| BBC News | Business | UK Edition

More than a third of 18 to 24-year-olds have debts of almost 3,000 and experience significant concerns about their finances, a survey finds.

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Glencore steps up debt reduction plan

2016-08-24 09:49:46| BBC News | Business | UK Edition

Mining company Glencore reports a fall in half-year profits but says it is aiming to cut its debt pile at a faster rate this year.

Tags: plan steps reduction debt

More than 1.5 million families are in extreme debt, according to a TUC/Unison report

2016-08-23 16:17:17| BBC News | Business | UK Edition

Around 1.6 million families are living with extreme debt problems, according to a report from the TUC.

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Oi negotiates extension of BRL 14 bln in bank debt - report

2016-08-15 09:15:00| Telecompaper Headlines

(Telecompaper) Brazilian operator Oi is close to reaching a tentative agreement with banks to postpone BRL 14 billion in debt payments without any discounts, reports O Globo. The proposal on the table is to divide up this amount over a period of 15 years, a source familiar with the process said. Banco do Brasil is the largest creditor, with BRL 4.4 billion, followed by BNDES (BRL 3.3 billion), China Development Bank (BRL 2.4 billion), Caixa Economica Federal (BRL 1.9 billion) and Itau (BRL 1.5 billion). Financial institutions account for just over 21 percent of the total debt of the company, of approximately BRL 65.4 billion. According to the same source, the banks will not accept shares of the operator in exchange for debt.

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