For better or worse, debt is a part of everybody’s financial portfolios. Solid financial planning will help you keep your eye on the prize of wealth accumulation.
Construction in the Chinese-financed Port City complex in Colombo, Sri Lanka, Oct. 19, 2022.
Pradeep Dambarage/NurPhoto via Getty Images
China’s international lending projects have big potential impacts on oceans and coasts. By cooperating more closely with host countries, Beijing can make those projects more sustainable.
Wall Street is following Fed rate hike news with rapt attention.
AP Photo/Seth Wenig
The Fed raised interest rates the most in nearly three decades to fight stubborn inflation. A finance expert explains what’s happening, the risks and what it means for consumers.
The price of used cars has soared during the pandemic.
AP Photo/Matt Rourke
Higher interest rates reduce demand for goods and services, which makes it harder for companies to raise prices. But there are risks as well.
Chinese engineers pose after welding the first seamless rails for the China-Laos railway in Vientiane, Laos, June 18, 2020.
Kaikeo Saiyasane/Xinhua via Getty Images
Through its Belt and Road Initiative, China has become the world’s largest country-to-country lender. A new study shows that more than half of its loans threaten sensitive lands or Indigenous people.
A grant from the Chinese government will make way for a multimillion-dollar fishing port complex in Accra, Ghana.
Nipah Dennis/AFP via Getty Images
Global economic policy excludes low-income countries from the spending options that developed nations use to buffer their economies in times of crisis, and the pandemic has inflamed that inequality.
South Africa’s finance minister Tito Mboweni says the IMF loan will limit the country’s economic vulnerabilities which have been exacerbated by COVID-19.
Gallo Images/Brenton Geach
The IMF loan does not impose any conditions over and above what is in South African law on how the funds can be used; it only seems to expect the country to implement policies already announced.
Victor Odundo Owuor, University of Colorado Boulder
Mobile loan platforms have given Kenyans access to easy loans, but they come at a high price.
Researchers found that families who send their children off to college face an increased risk for foreclosure.
Monkey Business Images/www.shutterstock.com
The odds of foreclosure double for families who send their kids off to college, according to two researchers who say their findings show a need for new ways for Americans pay for higher education.
The financial system is awash with money, which is why interest rates have been so low for so long.
(Shutterstock)
It’s been 10 years since the U.S. signed into law a scheme to print money, essentially, and save the financial sector amid the sub-prime mortgage meltdown. Did it work? And who’s truly benefitted?