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New loans of that variety are much harder to get now that banks have tightened credit standards and home values are falling in many areas.
China's money supply grew by 13.2% in May on a year earlier, helped by financial institutions issuing new loans of 793 billion yuan ($124 billion), higher than analysts expected.
Creditors authorized new loans of $478 million to Hyundai Petrochemical after Hyundai Engineering and Construction agreed to join other units of the struggling Hyundai Group and give up their shares in the chemical concern.
With the average postgraduate fee this year coming in a £5,680, for many full-time students the new loans of up to £10,000 will not be high enough to pay for both tuition fees and living costs.
Oryx, the nation's largest independent oil producer, said it had taken out new loans of nearly $1 billion, sharply raising its interest expense, to acquire 17percentt of its stock, held by the Pew family charitable trusts, for $968 million.
America's tech-heavy Nasdaq jumped by 10%, its biggest-ever daily gain, and the Dow Jones Industrial Average went up by 3%, though both fell back a bit the next day.See article: A hard landing?The IMF offered new loans of $7.5 billion (and a total package worth $10.4 billion) to Turkey, in an attempt to contain Turkey's financial and banking crisis.
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In 2010, Congress passed an improvement in income-based repayment, effective only for new borrowers of new loans on or after July 1 , 2014
Hyundai Engineering asked the lenders for a new loan of about $55 million to cover its loss Don Kirk (NYT).
Specimens on loan requested by another scientist must be returned to UCMP by the original addressee before any new loan of specimens is processed, in order to clear the loan record of the original addressee.
A Brazilian newspaper reported Tuesday that the national development bank had approved a new loan of about $200 million for Itaquerão, a new stadium in São Paulo that is expected to host the opening match of the World Cup.
This week it was announced that Myanmar had cleared its outstanding debts to the World Bank (with the help of the Japanese), allowing it to obtain a new loan of $440m.
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