Borrowing pressures to push European default rates to 3.75%-5.5% – S&P Global
By Marc Jones LONDON (Reuters) -Higher interest rates and a near stalling of Europe’s economy will put pressure on the credit ratings of the region’s companies, property firms and banks and drive…
UK house prices fall again as higher borrowing costs weigh-Halifax
LONDON (Reuters) – British house prices fell for the second time in three months in September in month-on-month terms and rising borrowing costs are likely to exert “more significant downward pressure” soon,…
Colombia central bank hikes borrowing costs to 10%, raises 2022 GDP estimate
By Nelson Bocanegra and Carlos Vargas BOGOTA (Reuters) – Colombia’s central bank board raised the benchmark interest rate by 100 basis points to 10% on Thursday, as inflation pressures and domestic consumption…
Thai govt plans $21.6 billion in new borrowing in 2023 fiscal year
BANGKOK (Reuters) – Thailand’s government plans new borrowing of about 820 billion baht ($21.64 billion) in the 2023 fiscal year starting Oct. 1, mainly to finance a budget deficit, the finance ministry…
U.S. business borrowing for equipment rises 2% in July – ELFA
(Reuters) – U.S. companies borrowed 2% more in July to finance their investments in equipment compared with a year earlier, the Equipment Leasing and Finance Association (ELFA) said on Monday. The companies…
UK’s Sunak: excessive borrowing spree is unwise amid rising inflation
LONDON – British leadership candidate Rishi Sunak said on Monday that excessive government borrowing in the face of rising inflation and interest rates would be unwise as he set out his plans…
U.S. business borrowing for equipment falls 1% in June – ELFA
(Reuters) – U.S. companies borrowed 1% less in June to finance their investments in equipment compared with a year earlier, the Equipment Leasing and Finance Association (ELFA) said on Monday. The companies…
As borrowing costs rise, Canadian companies look to delay expansion plans
By Divya Rajagopal TORONTO – Some Canadian businesses are reconsidering their expansion plans after the central bank’s surprise full percentage point interest rate hike last week, and instead are sharpening their focus…
Australian households well placed to absorb rising borrowing costs-RBA
SYDNEY – Australian households are generally well placed to absorb rising borrowing costs though more recent home buyers could be vulnerable with interest rates set to rise further in the months ahead,…
U.S. business borrowing for equipment rises 16% in May – ELFA
(Reuters) – U.S. companies borrowed 16% more in May to finance their investments in equipment compared to a year earlier, the Equipment Leasing and Finance Association (ELFA) said on Thursday, as firms…
Italy’s borrowing costs unjustifiably high: ECB’s Visco
MILAN – Italy’s borrowing costs are unreasonably high so European Central Bank support to temper yields on the bloc’s periphery is fully justified, Italian central bank chief Ignazio Visco said on Thursday.…
Euro interbank borrowing rates see biggest daily surge in over 10 years
By Yoruk Bahceli (Reuters) -Euro area interbank borrowing rates saw their biggest daily jumps in over 10 years on Tuesday, reflecting huge increases in market expectations for European Central Bank rate hikes.…
Japan’s SoftBank cuts borrowing from Mizuho, Goldman Sachs
By Sam Nussey TOKYO – SoftBank Group Corp trimmed borrowing from its main bank Mizuho Financial Group Inc by 4.5% in the year ended March to 812 billion yen ($6.38 billion), a…
German house price inflation to slow as borrowing and living costs bite – Reuters poll
By Zuzanna Szymanska and Jonathan Cable BERLIN/LONDON – German home prices will rise faster this year than thought only three months ago, as a supply shortage outweighs a deepening cost of living…
U.S. business borrowing for equipment rises 7% in April- ELFA
(Reuters) – U.S. companies borrowed 7% more in April to finance their investments in equipment compared to a year earlier, the Equipment Leasing and Finance Association (ELFA) said on Monday, as firms…
EU plans 9 billion euros joint borrowing for Ukraine, more for reconstruction
BRUSSELS – The European Commission proposed on Wednesday an extra 9 billion euros ($9.5 billion) in EU loans to Ukraine in 2022 to keep the country running and to set up a…
Dollar borrowing costs rise as euro, yen fall
LONDON – Borrowing costs for U.S. dollars in currency derivatives markets rose sharply on Thursday after the dollar surged to within striking distance of its highest levels in two decades. The dollar…
Japan finance panel warns on higher rates pushing up borrowing costs
TOKYO – An advisory panel to Japanese Finance Minister Shunichi Suzuki warned on Friday of a risk of a spike in interest payments on public debt and urged efforts to ensure sound…
EU may discuss more borrowing option in a few weeks -Gentiloni
By Jan Strupczewski BRUSSELS – The European Union will discuss in a few weeks whether it needs to jointly borrow more money in response to the challenges created by Russia’s invasion of…
German 2022 budget plans 100 billion in new borrowing – source
BERLIN – Germany’s draft budget for 2022 envisages just shy of 100 billion euros (dollars) in new borrowing, a person familiar with the budget planning said, meaning it would not exceed the…
Russia to tap rainy-day fund as sanctions hit borrowing abilities
By Darya Korsunskaya and Andrey Ostroukh MOSCOW – Russia will use money from its rainy-day fund this year to replace shortfalls caused by a forced reduction in state borrowing, which has grown…
Russia says sanctions will make borrowing more expensive -economy minister
MOSCOW – Economy Minister Maxim Reshetnikov on Friday said Russia was studying the long-term implications of new sanctions and admitted that the measures imposed would make borrowing more expensive. He also said…
Swedish Debt Office says bigger surplus reduces borrowing needs
STOCKHOLM – Sweden’s Debt Office said on Thursday that strong growth would lead to better government finances and lower the borrowing requirement meaning it would cut the supply of government debt. “The…
U.S. business borrowing for equipment rises 2% in January – ELFA
– U.S. companies borrowed 2% more in January to finance their investments in equipment compared to a year earlier, the Equipment Leasing and Finance Association (ELFA) said on Wednesday, as firms ramp-up…
Honduras’ Congress approves $2 billion in borrowing under new leader
TEGUCIGALPA – Congress in Honduras has authorized the government to borrow up to $2 billion in 2022 and 2023 in domestic and foreign debt under a fiscal and financial emergency decree aimed…
U.S. business borrowing for equipment fell 3% in December – ELFA
– U.S. companies borrowed 3% less in December to finance their investments in equipment, the Equipment Leasing and Finance Association (ELFA) said on Tuesday, as inflation and Omicron cloud economic outlook. Firms…
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