New Delhi, July 12 (IANS) Beijing has started asking African countries to shift their debt repayments to China from the US dollar to the yuan as part of its strategy to strengthen its own currency and dent the dominance of the American currency in the global payment system as per a media report.Kenya’s decision to restructure part of its Chinese debt and shift repayment from United States dollars into Chinese yuan “is increasingly being interpreted as an early signal of a wider reconfiguration i…
Latest Debt Repayment News & Updates
Mumbai, April 8 (IANS) Future Consumer Limited has defaulted on loan repayments worth Rs 615.67 crore, including both principal and interest, as of March-end 2026, according to a regulatory filing by the company.The company, which is the FMCG arm of the debt-laden Future Group, reported defaults of Rs 325.26 crore on loans and revolving credit facilities taken from banks and financial institutions.These defaults include both overdue principal and interest payments as of March 31, 2026.In additio…
New Delhi, April 7 (IANS) Debt-ridden Pakistan is facing a grim financial situation as it has to repay $3.5 billion to the United Arab Emirates this month. The repayment, confirmed by a senior cabinet minister during a press briefing, as reported by Pakistan’s Express Tribune, comes at a time when Islamabad’s foreign exchange reserves have fallen to abysmally low levels, raising concerns about the country’s capacity to fulfil its external debt obligations.This financial burden has been int…