Author Archives: Harold V. Collier

UPDATE 4-Texas Governor bans all COVID-19 vaccine warrants in state, tears up Biden for ‘intimidation’

(Add a quote from Abbott’s decree) By Dan Whitcomb Oct. 11 (Reuters) – Republican Texas Gov. Greg Abbott, responding to what he called “bullying” by the Biden administration, on Monday banned all COVID-19 vaccine warrants in the state by any entity, including private employers. Abbott’s move sets him up for a clash with President Joe […]

Does New Fortress Energy deserve a place in your portfolio?

Integrated Power Generation Infrastructure Company New Fortress Energy Inc. (ENF), headquartered in New York, provides affordable energy and development services to end users around the world. NFE’s share price has climbed 23.6% in the past five days after the company raised its economic outlook for the fourth quarter of 2021 and fiscal 2022 from those […]

GMR to complete airport split by December and reduce corporate debt to zero

MUMBAI GMR Infrastructure Ltd plans to complete the split of its airport and non-airport business by December 2021, the Hyderabad-based large infrastructure said on Monday in an investor presentation. The company also plans to reduce its corporate debt to zero, but has not specified a timeline for that goal. The group said it had reduced […]

Understanding Forex, External Reserves, and the Naira Exchange Rate (1)

Mike Obadan Posted October 11, 2021 Over the past few months, developments in the Nigerian forex market have elicited reactions from stakeholders, some of which reflect an understanding while others do not. This article seeks to shed light on issues relating to foreign exchange, external reserves and the volatility of the exchange rate of the […]

EXPLAINER: What’s behind the changes in student loan cancellation | New

A student debt cancellation program with notoriously complex eligibility rules is being revamped by the Biden administration, with the goal of extending debt relief to thousands of public servants. The Education Department said on Wednesday it will lift some rules for the remission of civil service loans as it works on permanent improvements through a […]

Here’s why BOC Aviation (HKG: 2588) is weighed down by debt

David Iben put it well when he said: “Volatility is not a risk we care about. What matters to us is to avoid the permanent loss of capital. ‘ It’s only natural to consider a company’s balance sheet when looking at its level of risk, as debt is often involved when a business collapses. Like […]

Call on the region to work together to capitalize on available IMF financing

Caribbean Development Bank (CBD) President Dr Hyginus ‘Gene’ Leon has proposed that the US $ 2.5 billion in Special Drawing Rights (SDRs) available to Caribbean countries from the International Monetary Fund (IMF) ) be pooled to unlock even more funding in the capital markets. Dr. Leon also expressed his intention to present a proposal to […]

McConnell says he won’t help Democrats raise debt ceiling again

WASHINGTON – Senate Minority Leader Mitch McConnell said on Friday he would no longer help Democrats expand government borrowing power, raising further doubts about how Congress will avoid a federal default when a fix temporary will expire in December. McConnell issued his warning in a letter to President Joe Biden a day after the Senate […]

Senate approves increase in short-term debt ceiling

The Senate on Thursday approved a deal to raise the debt ceiling and maintain the country’s creditworthiness until December, to avoid a default that is expected to occur within days. Senators voted 50-48 depending on the party on the short-term increase in the country’s borrowing limit. GOP Meaning. Richard burrRichard Mauze BurrSenate Endorses Increase in […]