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China has not approved any new loans to Cambodia in the first nine months of 2024, Cambodian finance ministry data shows, even though it has been Cambodia’s top creditor country in recent years. The reduction in funding may signal China’s more cautious approach to investment in Cambodia after a series of so-far unsuccessful infrastructure projects … Read more
The Gross-Alaska Theatre in downtown Juneau on Tuesday, Dec. 17, 2024. (Clarise Larson/KTOO) The shuttered Gross-Alaska Theatre building in downtown Juneau is poised to get a new life as home to 22 new apartments, including 20 that are considered affordable units. On Monday night, the Juneau Assembly unanimously approved a $1 million loan to help … Read more
Since the great financial crisis of 2008, there’s been a fundamental shift in the fixed-income landscape. Banks have been central to the creation of credit for consumers and small businesses, driven by their ability to take in low-cost deposits and loan money at higher rates. While non-bank loan channels have always existed parallel to traditional … Read more
SAN FRANCISCO — Pacific Gas & Electric Co. could receive up to $15 billion in federal loans to help the utility modernize its power grid and expand clean energy infrastructure across central and northern California, officials announced Tuesday. The U.S. Department of Energy announced a conditional commitment for one of the largest loan guarantees ever … Read more
Why You Should Trust Us Investopedia’s researchers spent countless hours analyzing hundreds of data points to determine the factors that mattered most for readers when choosing what company to take out a fast personal loan with. When choosing which lenders to feature on this list, Investopedia considered their fees, repayment terms, credit score requirements, and … Read more
NAIROBI, KENYA — A Kenyan aid group is helping refugees improve their lives by providing affordable loans that will help finance their businesses. At least 13,000 refugees in exile have received loans. Adelle Mubalama, a tailor at Kenya’s Kakuma refugee camp, fled her home in the Democratic Republic of Congo in 2019. Mubalama said she … Read more
The Biden administration said Tuesday it was offering Pacific Gas & Electric a record $15-billion loan guarantee to help the utility upgrade its transmission lines, which have been blamed in causing wildfires, and make other improvements to meet fast-rising energy use. The commitment, which still must be finalized, would help PG&E expand hydropower generation and … Read more
In many ways, gauging the impact of the Federal Reserve lowering interest rates is like predicting when ice will thaw. We know something’s happening, but it takes a while, and there’s not much to look at. The Fed has cut short-term interest rates twice this fall, including a jumbo half-point discount to kick off the … Read more
Student loan servicers are facing new allegations of illegal practices after the Consumer Financial Protection Bureau (CFPB) released a report Monday detailing a range of unlawful activities across student loan markets. The report highlights violations in refinancing, private lending, debt collection and federal loan servicing. CFPB Director Rohit Chopra said, “Companies break the law when … Read more