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Google parent Alphabet is selling a rare 100-year bond in British pounds as part of a massive multi-currency debt raise, making it the first tech company to attempt a century bond since IBM did it back in 1996.The so-called century bond will be part of Alphabet’s debut sterling issuance, according to the Financial Times. Alongside…
Finance Minister Nirmala Sitharaman is set to present her record ninth straight Union Budget, with markets closely tracking headline numbers ranging from the fiscal deficit and capital expenditure to borrowing and tax revenue projections, as India charts its course as the world’s fastest-growing major economy.The Budget will be presented in a paperless format, continuing the…
Pakistan saw a 14% rise in foreign loans and grants during the first five months of the current fiscal year (July–November 2025), reaching $3.032 billion compared to $2.667 billion in the same period last year.Of the total inflows, foreign loans rose 46.2% to $2.521 billion, while grants fell by 43% to $54 million. In November…
The average long-term mortgage rate in the US fell to 6.3% this week, returning to its lowest level in about a year, mortgage buyer Freddie Mac said on Thursday. The rate on a 30-year fixed loan edged down from 6.34% last week, while a year ago it averaged 6.32%.Rates on 15-year fixed mortgages, often used…
MUMBAI: RBI has proposed a revamp of rules on external commercial borrowings. The draft guidelines for 2025, the most extensive rejig since a Dec 2018 framework, replace uniform caps with limits tied to a borrower’s financial strength. Companies may raise up to $1 billion or 300% of their net worth (whichever is higher), while financial…
