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Hyundai to defer payments due from US

by Administrator on Oct 2, 2013

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Hyundai Motor will defer payments due from US federal employees impacted by the partial government shutdown. More than 700,000 employees face unpaid leave due to the shutdown which was triggered after the two houses of Congress did not agree on a new budget. Hyundai said affected employees who currently own its vehicles will be given a payment relief "for as long as they are out of work". Employees looking to buy a new car will be given a 90-day payment deferral. "We recognize the impact on family budgets that the furlough will drive," John Krafcik, chief executive of Hyundai Motor America, said in a statement. Continue reading →

Asian Development Bank (ADB) has cut its outlook for developing Asia

by Administrator on Oct 2, 2013

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Asian Development Bank (ADB) has cut its outlook for developing Asia, citing slower growth in China and India. The bank added that concerns over the US scaling down a key stimulus measure, the quantitative easing (QE) programme, will also affect the region's growth. Continue reading →

by Administrator on Feb 20, 2014

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'Extreme Makeover' redid a home to make room for five orphans. Then they moved out and sued. Coming up: a courtroom drama? Continue reading →