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...down payments, and as much as 25% discounts if buyers are willing to wait two to three years before taking possession of the property. "But there is no liquidity with the end user," says Arvind Nandan, director of consultancy at real estate company Cushman & Wakefield India. "Home-loan rates have hit the roof, and people's investments have lost value at the stock market. No one has the money...

Author: /time Magazine | Title: Mirroring the US, India's Real Estate Sector Melts Down | 10/20/2008 | See Source »

...June this year, raising prices of construction material. Realtors overran their budgets and projects stalled, leaving skeletal structures dotting the landscape in big and small cities all over the country. Then came the liquidity squeeze, as the government sponged away cash from the system to control inflation. Home-loan rates went from about 7% to 12% and higher. People who bought struggled to pay, and potential buyers kept away...

Author: /time Magazine | Title: Mirroring the US, India's Real Estate Sector Melts Down | 10/20/2008 | See Source »

Citibank, the consumer and corporate banking arm of Citigroup, terminated its custom loan program with international graduate students at Harvard earlier this month, according to University officials. The bank is also canceling similar agreements with international students at schools including MIT and the University of Michigan, financial aid officers at those schools said...

Author: By June Q. Wu, CRIMSON STAFF WRITER | Title: Citi Loan Program Ends Nationwide | 10/20/2008 | See Source »

...Assist custom loan program allowed foreign students to take out student loans without a cosigner—something that most lenders require of all students...

Author: By June Q. Wu, CRIMSON STAFF WRITER | Title: Citi Loan Program Ends Nationwide | 10/20/2008 | See Source »

...Enter China. With nearly $2 trillion amassed in foreign currency holdings, China's government had the largesse this week to grant Zardari an immediate soft loan of upwards of $1 billion, according to a report in the Financial Times. "As a long friend of Pakistan, China understands it is facing some financial difficulties," said Chinese Foreign Ministry spokesman Qin Gang at a briefing with journalists on Oct. 16. Other new measures include the increase of access Pakistani goods will have in China's markets as well as agreements to launch special economic zones within Pakistan with tax incentives for Chinese...

Author: /time Magazine | Title: Why Pakistan's Zardari Is Cozying Up to China | 10/17/2008 | See Source »

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