DIRS.INFO The most relevant business & tech news

☆ Russia's biggest private lender is expanding to China after being hit by US sanctions
▼ + stars: | 2024-06-18 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +2 min

Russia's largest private bank is expanding in China, Bloomberg reported. The move comes amid Russia's and China's increasingly intertwined "no limits" trade partnership. AdvertisementRussia's largest private lender, Alfa Bank PJSC, is planning to expand its business in China. China, though, has made some moves to distance itself from Russia, as it also risks being sanctioned by the West. China's state-run banks said they would restrict lending to Russian clients in late 2023, around the time the US said it would impose secondary restrictions on lenders that help Russia's trade in sanctioned goods.

Persons: —, Mikhail Fridman, Russia's Organizations: Bloomberg, Alfa Bank, Service, Treasury, West Locations: China, Beijing, Shanghai, Russian, Russia, Ukraine, Moscow, China's

☆ Another Chinese Property Giant Faces a Creditor Who Wants It Dismantled
▼ + stars: | 2024-02-28 | by ( Keith Bradsher | ) www.nytimes.com time to read: +1 min

Country Garden, China’s largest real estate developer as recently as 2022, said on Wednesday that a creditor had asked a Hong Kong court to liquidate its operations and pay off lenders, in the latest sign that China’s housing crisis continues unabated. Ever Credit Ltd., a Hong Kong lender, is petitioning the city’s High Court to shut down Country Garden. Ever Credit’s petition, known as a winding up petition, is meant to force Country Garden to close its doors and sell its assets to make money it can use to pay back its creditors. Country Garden dethroned Evergrande as China’s largest developer in 2021 when Evergrande endured a financial collapse. Country Garden said it would fight the court petition “vigorously,” and that the first hearing on the petition had been scheduled for May 17.

Persons: Evergrande, “ Organizations: Hong Locations: Hong Kong, China

☆ Country Garden: Troubled Chinese property developer faces liquidation petition
▼ + stars: | 2024-02-28 | by ( Juliana Liu | ) edition.cnn.com time to read: +2 min

Hong Kong CNN —Chinese property developer Country Garden, which defaulted on its debt last year, says it has received a liquidation petition from a creditor after not repaying a loan. The winding-up petition was filed by Ever Credit Limited, which had lent Country Garden a term loan facility worth 1.6 billion Hong Kong dollars ($204.5 million), the developer said in a Wednesday stock exchange filing. The news, which sent shares in the developer falling by more than 12%, comes just a month after rival property firm Evergrande was ordered to liquidate by a Hong Kong court in a landmark ruling. As for Country Garden, it said in the filing it would “vigorously” oppose the liquidation petition, which was filed at Hong Kong’s High Court on Tuesday. Formerly China’s largest homebuilder, Country Garden missed the payment on a $500 million bond as it battled a liquidity crisis.

Persons: Evergrande, “ Organizations: Hong Kong CNN, Ever Credit, Hong Kong, Hong, Garden Locations: China, Hong Kong, Evergrande

☆ China's Country Garden gets liquidation petition from creditor
▼ + stars: | 2024-02-28 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: +2 min

China's Country Garden Holdings said Wednesday it received a liquidation petition filed by one of its creditors, deepening worries about the country's beleaguered property sector. Country Garden said it will oppose the petition "vigorously" and seek legal measures to do so. Country Garden said it intends to "proactively communicate" and work with its offshore creditors on its restructuring plan. China's property sector has historically been the bedrock of the country's economy, accounting for a large share of gross domestic product. Companies like Country Garden and Evergrande have struggled to repay their debt obligations and are now embroiled in drawn-out debt restructuring processes.

Persons: China Evergrande Organizations: Garden Holdings, Hong Kong, Monetary Fund, Companies Locations: Hong Kong, China

☆ Israel’s economy slumps in the fourth quarter as war takes a toll
▼ + stars: | 2024-02-19 | by ( Hanna Ziady | ) edition.cnn.com time to read: +2 min

London CNN —Israel’s output contracted sharply in the final three months of 2023, falling for the first time in nearly two years, as the war with Hamas takes a heavy toll on the economy. The conflict is expected to cost Israel around 255 billion shekels ($70.3 billion) by the end of 2025, equivalent to around 13% of GDP, according to the Bank of Israel. And earlier this month, Moody’s delivered Israel’s first ever credit rating downgrade, citing elevated political risk and deteriorating public finances stemming from the war. “Under a scenario of outright conflict… the negative economic impact would spread to more sectors and be longer-lasting,” Moody’s said. In 2023 as a whole, Israel’s economy grew 2%, according to the statistics office.

Persons: Liam Peach, ” Peach, Moody’s, Israel’s, ”, ” Moody’s, Ido Soen Organizations: London CNN, Hamas, Gross, Israel’s, Bureau, Statistics, Israel, Capital Economics, Bank of Israel Locations: Gaza, Israel, Lebanese

Our experts answer readers' credit card questions and write unbiased product reviews (here's how we assess credit cards). A travel rewards credit card will help get me back on trackBut I was determined, and giving in felt like letting myself down. Though I considered them all, none felt like the right move, until I started thinking about opening up a travel rewards credit card. Note that credit card lenders may use many different variations of credit score models when considering your application. Like many travel credit cards, my card has a high interest rate, so I always pay it off in full.

Persons: I've, haven't Organizations: Service, Target, Walmart, Chase, Chevron, Reading Chevron Locations: Wall, Silicon

☆ Clients like Taylor Swift and 'Euphoria' love my realistic airbrush tattoos. Here's how I built my business.
▼ + stars: | 2023-03-16 | by ( Eboni Boykin-Patterson | ) www.businessinsider.com time to read: +8 min

The way tattoos on-screen are commonly done in the entertainment industry is with a sticker. I didn't set out to airbrush tattoos, or to work in film and TV at allI started airbrushing when I was 8. Almost as soon as I started my tattoo business, I was in high demand. We started to get calls for A$AP Rocky, Zayn Malik, Chris Brown and moreI started developing my realistic airbrush tattoo business for film and television in 2009. I was credited this time, for my airbrush work on Fezco's Grandma, Kitty, on episode 1.

So I dove headfirst into the credit card tag on TikTok and found the app's most popular "hacks" for credit card experts and novices. Here's a look at some of the best and worst credit card hacks on TikTok right now. Credit utilization ratio refers to the amount of debt you have in relation to your income (debt/income = credit utilization ratio). How it worksIf you search "credit card hack" on TikTok you're sure to find dozens of posts on the 15/3 method. "While it won't double your payment history, the 15/3 credit payment hack can actually help you reduce the reported amount on your credit card."

☆ AllianceBernstein's CEO leans into private assets and ETFs as active managers face the worst market in decades
▼ + stars: | 2022-09-27 | by ( Rebecca Ungarino | ) www.businessinsider.com time to read: +5 min

AB CEO Seth Bernstein spoke with Insider recently about the active asset manager's plans. Portfolio managers of active ETFs are actively overseeing a basket of securities, while typical passive ETFs track indices. Branded black water bottles promoting the new products read: "AB ETFs. Its first two ETFs are fixed income products — the AB Ultra Short Income ETF and the AB Tax-Aware Short Duration Municipal ETF. "We will continue to diversify the platform into private alts," Bernstein said during the Morgan Stanley conference in June.

☆ I've been on over 109 cruises. Here are my 10 best pieces of advice for first-time cruisers.
▼ + stars: | 2022-07-19 | by ( Robert L. Willett | ) www.businessinsider.com time to read: +8 min

I'm in my 90s and have sailed on over 110 cruises — this is my advice for first-time cruisers. After decades of sailing, I've put together a few handy tips for first-time cruisers that might even help seasoned travelers. Barry Winiker/Getty ImagesCarefully choose the credit card you use to book the cruiseSome have excellent travel benefits, others have none. If you find a credit card with good travel coverage, use it instead of your usual card. Still, it's worth looking into the potential travel benefits offered on whatever credit card you're thinking of using to book.

Persons: —, I've, Donna, Tom, Leslie, Barb, Barry Winiker, it's, we've, We've, she'd Organizations: Service

The BlockFi Rewards Visa® Signature Card initially launched with an annual fee, but it's been removed. Deciding whether to open a Bitcoin credit card relies on understanding the volatility of the market. Does the BlockFi Rewards Visa® Signature Card have an annual fee? Ultimately, this is the most important question in helping you determine whether this new BlockFi card — or any crypto-based rewards credit card — is a good fit for your finances. It's a bit more work — with additional implications on your personal finances — to open and close a credit card.

☆ 5 ways I'm still using travel credit cards to maximize online grocery shopping — from bonus points to stacking discounts, the rewards are too good to pass up
▼ + stars: | 2022-03-17 | by ( Carly Helfand | Jasmin Baron | Read More | ) www.businessinsider.com time to read: +12 min

Our experts answer readers' credit card questions and write unbiased product reviews (here's how we assess credit cards). Skipping the store and ordering groceries online is still an excellent way to earn bonus credit card rewards. The array of bonus points and savings offers available to those with travel credit cards. Note that credit card lenders may use many different variations of credit score models when considering your application. Amazon Shop with PointsAnother perk of buying groceries online is the ability not just to earn bonus points, but to use those points to cover your orders, too.

Persons: haven't, Chase, Oscar Wong, I'm, We're, Read, Amex, Hilton, they've, Delta, Instacart, cardholders, you'll Organizations: Service, Business, Hilton, Amazon, Chase Sapphire, Target, Walmart, Chase, Sapphire, FDIC, American, Hyatt, Hilton Honors, American Express, Foods, Instacart Express, Citi, Capital Locations: Wall, Silicon, Amex

Search resuls for: "Ever Credit"

12 mentions found