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Dubai's Nakheel to pay off bank debts ahead of plan

Last Updated: Wednesday, June 25, 2014, 17:43

Nakheel had piled up a large mountain of debt during five years of rapid growth in Dubai`s property sector.

ICICI Bank to sell 11-kg pledged gold to recover loans

Last Updated: Sunday, April 14, 2013, 11:42

Country's largest private sector lender ICICI Bank will auction this month gold jewellery weighing over 11 kg, pledged by more than 150 borrowers, who have defaulted on their payments.

Obama to take US economy away from outsourcing, bad debt

Last Updated: Wednesday, January 25, 2012, 09:32

President Barack Obama has presented an economic blueprint aiming to take his country away from outsourcing, bad debt and phony financial profits.