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South African Central Bank Sounds Alarm Over Poor Infrastructure

South Africa’s central bank warned the country’s crumbling infrastructure, including its water systems and transport networks, pose a significant threat to the financial system.“The...

B. Riley Chairman Feels ‘Personally Sick’ as FRG Goes Bankrupt

Bryant Riley, the co-founder of investment firm B. Riley Financial Inc., told employees he feels “personally sick” after the collapse of Franchise Group Inc.,...

Expert advises starting holiday shopping early to avoid post-season debt

SALT LAKE CITY (KUTV) — Though it's only October, now is the ideal time to make a holiday shopping list and set a budget...

China’s ‘hidden debt’ drive controls borrowing for city infrastructure projects

China’s finance ministry has banned local governments from raising illegal or non-compliant debt for municipal infrastructure projects that yield no or insufficient returns, in...

Back-to-school shopping will put a third of Americans in debt: Poll

Back-to-school shopping is likely to put about a third of Americans in debt, a poll said this month.Shoppers are likely to face high prices...

One third of parents expect back-to-school shopping will create debt, according to survey

2-minute readJerome Powell says Fed rate cut could be on table at next meetingFederal Reserve Chair Jerome Powell says an interest-rate cut could come as...

B. Riley Faces Wider Probe on Risk Disclosures, Ties to Kahn

B. Riley Financial Inc.’s shares lost more than half their value amid a new round of writedowns and a widening US investigation into whether...

Private Credit Fund Burned by Risky Bets Is Bleeding Cash

Prospect Capital, a little-known New York firm that helped pioneer the private credit boom, has come up with an unusual technique to keep dividends...

Laos is struggling to repay billions owed to China. What now?

Laos is in serious economic trouble.The developing South-East Asian country borrowed big — mainly from China through the Belt and Road Initiative — to...

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