Loans

Financial Times: The US awards Intel $8.5B in CHIPS Act funding and $11B in loans to expand in Arizona, Ohio, New Mexico, and Oregon; Intel plans to spend $100B over five years — Preliminary agreement under US Chips Act also includes $11bn loan as company expands capacity in Arizona and other states Financial Times: The US awards Intel $8.5B in CHIPS Act funding and $11B in loans to expand in Arizona, Ohio, New Mexico, and Oregon; Intel plans to spend $100B over five years — …

Aisha Dahir-Umar, the Director General of National Pension Commission (PenCom), has described as “totally misleading” widespread reports that the Commission gave a N10 trillion loan to the Federal Government. She also responded to claims that PenCom was owing the Federal Government retirees arrears of pensions as well as insinuations that Pension Fund Administrators (PFAs) are not fulfilling their obligations to retirees with regards to access to their retirement savings. Mrs. Dahir-Umar, in a media interview at…

The Minister of Solid Minerals Development, Dele Alake, has urged mineral-rich African countries to use the proven mineral reserves of their countries as equity in joint ventures, instead of taking loans that worsen the plight of their people. Speaking at a Ministerial Roundtable on Powering Africa in Washington DC recently, Mr Alake deplored unwholesome pressure on African governments by loan marketers despite global concerns over the declining capacity of many countries to settle their debts. The minister said,…

Time is running out for small businesses and nonprofits that took out roughly one million government loans during the pandemic. Time is running out for small businesses and nonprofits that took out roughly one million government loans during the pandemic. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful…

Fintech lenders have a dominant share of the sub-Rs 1 lakh loan market, both in terms of number of loans and the amount disbursed, but will need to keep an eye on sustainability going forward, a report released by credit bureau Experian and Digital Lenders’ Association of India has found.Till September 2023, 77% of the loans under Rs 1 lakh were given out by fintech lenders, from around 50% in FY18. In value terms, fintechs accounted for 50% of market share with non-banking lenders making up 25%. In FY18, this share was…

The U.S. Energy Department said on Thursday it gave preliminary approval for nearly $710 million in loans to electric vehicle (EV) technology manufacturing ventures, although the Biden administration still has $221.8 billion in loan capacity to fund clean-energy projects.Jigar Shah, director of the energy department's loan program office, told Reuters in Detroit that applications for $80 billion in financing have come to his office within the past two months from "very sophisticated players."Elevate Your Tech Prowess with…

Representative image.The U.S. Energy Department said on Thursday it gave preliminary approval for nearly USD 710 million in loans to electric vehicle (EV) technology manufacturing ventures, although the Biden administration still has USD 221.8 billion in loan capacity to fund clean-energy projects.South Korean company SK Siltron CSS is set to receive USD 544 million to expand a plant in Bay City, Michigan that produces high power silicon carbide wafers used in electric…

Chinese officials have approved more than $17 billion in loans for a “white list” of real-estate projects, offering fresh signs that Beijing is moving forward to prop up the country’s sluggish property market. Chinese officials have approved more than $17 billion in loans for a “white list” of real-estate projects, offering fresh signs that Beijing is moving forward to prop up the country’s sluggish property market. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender…

A young man holds a credit card and uses a laptop for online shopping.Diy13 | Istock | Getty ImagesAmericans shopping online after midnight often make riskier transactions and are more likely to default on their loans, according to Affirm Chief Financial Officer Michael Linford.The fintech firm uses the hour a consumer attempts a transaction as a key data point to help determine whether to approve loans, Linford told CNBC in a recent interview. Other factors include a user's repayment history with Affirm and transaction…

Tech Budget 2024: Finance Minister Nirmala Sitharaman, in her interim Budget 2024 address to Parliament today, unveiled a significant development for the nation's youth. Emphasising the forthcoming golden era for technology-savvy individuals, Sitharaman announced the establishment of a corpus amounting to one lakh crore rupees, accompanied by 50-year interest-free loans. This corpus is designed to facilitate long-term financing or refinancing, offering extended tenors with low or negligible interest rates. The primary…