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Crisis-hit Greeks put own woes aside to help refugees

Athens / AFP Their own wages and pensions have been slashed by the debt crisis, but thousands of Greeks are putting their own economic woes aside to help desperate refugees trapped in the country by the Balkan border blockade. People old and young, from couples with babies to pensioners and teenagers, came to Athens’ Syntagma Square on Sunday loaded with ...

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Fresh worry: Aussie banks face high bad-debt charges

Canberra / Bloomberg Already faced with higher capital requirements and a housing market past its peak, Australian banks have a new headache to contend with: corporate loans. Bad-debt provisions at the lenders are set to rise to their highest in eight years by 2018, as the chances of defaults in the mining, agricultural and dairy sectors increase, according to a ...

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Indian banks file for top corporate’s arrest

Bangalore / AFP A group of Indian banks has petitioned a court seeking the arrest of corporate honcho Vijay Mallya, the beleaguered businessman accused of defaulting on hundreds of millions of dollars in loans, a lawyer said. Heavily indebted Mallya has been deep in a financial fight over his now-defunct Kingfisher Airlines, which owes more than $1 billion to a ...

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