ABU DHABI / GULF TIME Abu Dhabi Islamic Bank (ADIB), a leading Islamic financial institution, …
Read More »Singapore’s looming debt wall fuels concern as Ezra stumbles
Bloomberg Default fears are resurfacing in Singapore ahead of a wall of maturing corporate debt, as a US bankruptcy filing by a firm from the city flags lingering pain despite economic recovery. Pressure to pay down obligations has been unrelenting. Companies excluding banks must repay S$38 billion ($27 billion) of local bonds over the next four years. The maturities …
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