NRG to Split Off Renewable Businesses, Pay Down Debt

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NRG to Split Off Renewable Businesses, Pay Down Debt The announcement represents a setback for NRG Chief Executive David Crane, one of the most passionate advocates of renewable energy in the electricity business. In the past, he has promoted solar panels, wind turbines and electric cars as the future of … Read more on Wall Street Journal Eyes on PMIs for clues after Fed keeps markets guessing PARIS (Reuters) – Business confidence data from China and the euro zone will offer some pointers this week to where the global economy is going after the U.S. Federal Reserve kept markets guessing about when it will begin raising rates. With a Chinese … Read more on Business Insider

SA drowning in debt – NCR – iAfrica.com

Wed, 04 Dec 2013 2:48 PM The National Credit Regulator has urged South Africans to be cautious with their spending over the festive season after data showed an increase in consumer debt.  Official data for the quarter ending in September showed that comsumers with impaired records had increased by 71 000 to 9.7 million from 9.69 million in the second quarter.  According to NCR CEO Nomsa Motshegare, this figure acccounted for 48 percent of credit-active consumers in the country.  The figure for consumers with good credit records increased by 9000 to 10.5 million. This group accounted for 51.9 percent of credit-active consumers.  Motshegare, in a Times Live report, urged South Africans to monitor their budgets…