Tag: Loan

Tycoon gave France’s Fillon undeclared 50,000 euro loan: report

PARIS, France (AFP) — Embattled French presidential hopeful Francois Fillon received an interest-free, undeclared loan of 50,000 euros ($53,000) from a billionaire friend in 2013, according to the Canard Enchaine weekly. The conservative candidate “did not deem it necessary” to report the loan from Marc Ladreit de Lacharriere to a state transparency watchdog, the weekly said in its edition to appear Wednesday. The investigative and satirical newspaper, the source of the fake jobs scandal that […]

Continue Reading →

Philippines taps China-backed AIIB to fix infrastructure

MANILA, Philippines (AFP) — Philippine President Rodrigo Duterte has tapped a China-backed multilateral lender to help fund his government’s “unprecedented infrastructure buildup”, the finance minister said Monday, as he seeks closer relations with Beijing. The Beijing-based Asian Infrastructure Investment Bank (AIIB) has been viewed by some as a rival to the World Bank and the Philippines-based Asian Development Bank (ADB). Duterte has vowed to boost spending to address crumbling infrastructure, saying he would seek funds from […]

Continue Reading →

Greek cabinet meets on eve of crucial eurozone summit

(REUTERS)  Greek ministers arrived in Athens on Sunday (June 21) for a full cabinet meeting with Prime Minister Alexis Tsipras to discuss concessions the government may present at an emergency eurozone summit on Monday (June 22). Greece’s left-wing government promised on Saturday (June 20) to offer concessions to creditors to unlock billions of euros in funds and stave off default. With its banks hanging on life support from the European Central Bank, and billions of […]

Continue Reading →
1 2