Yellen says it’s in China’s interest to restructure Sri Lanka’s debt
By Andrea Shalal and Marc Jones NUSA DUA, Indonesia – China is a “very important” creditor of Sri Lanka and it would likely be in the interest of both countries…
By Andrea Shalal and Marc Jones NUSA DUA, Indonesia – China is a “very important” creditor of Sri Lanka and it would likely be in the interest of both countries…
Dems Pushing College Loan Forgiveness Owe Massive Sums In Student Debt, Records Show Gabe Kaminsky on July 12, 2022 Over a dozen Democratic members of Congress who have supported student…
By Andrea Shalal TOKYO – Chad’s official creditors are expected to agree on Wednesday a debt restructuring strategy that includes contingencies based on oil prices and participation of private creditor…
GLEN BURNIE, MD – A debt collector who showed up at a residence in Glen Burnie was shot at by the man who owed him money on Sunday, police have…
By Patturaja Murugaboopathy (Reuters) – Asian companies are likely to find it harder to refinance dollar-denominated debt, the decline in a key metric suggests, with the currency at a two-decade…
By Andrea Shalal (Reuters) – IMF Managing Director Kristalina Georgieva is pushing China and other Group of 20 economies to speed up debt relief for a growing number of heavily…
By Davide Barbuscia and Karin Strohecker NEW YORK – Investors hit by Russia’s debt default may have to settle some of their positions privately if the U.S. Treasury does not…
‘Dead-End’: China May Be On The Verge Of A Major Debt Crisis, Experts Say Philip Lenczycki on July 7, 2022 Recent bank runs throughout China and the country’s collapsing real…
By David Milliken LONDON -Britain faces an unsustainable debt burden more than three times its current level unless future governments raise taxes to fund increasing costs from an ageing population…
PARIS – The French state cannot afford to bear alone the economic fallout from the Ukraine crisis, the country’s central bank governor said on Thursday as the government prepared to…
PARIS – France’s public finances can no longer diverge from those of lower debt countries like Germany without threatening the euro zone, France’s independent public audit office warned on Thursday.…
Democrat Senate Candidate With Massive College Debt Supports Waiving Away Student Loans Gabe Kaminsky on July 6, 2022 A newly filed financial disclosure shows Democratic Arkansas Senate candidate Natalie James…
SHANGHAI – Foreign investors continued to cut holdings in Chinese bonds in June but added positions in equities, bucking the trend in other emerging markets (EM), the Institute of International…
By Uditha Jayasinghe COLOMBO -Crisis-hit Sri Lanka will present a debt restructuring plan to the International Monetary Fund by the end of August, in a bid to win approval for…
FRANKFURT – The European Central Bank plans to gradually revamp its 344 billion euro ($358 billion) corporate debt portfolio to favour greener firms, it said on Monday, taking another step…
– Closes on $28.5M of the incremental draw, bringing the total raised under the Senior Credit Facility to US$275M – NEW YORK, June 30, 2022 – Ascend Wellness Holdings, Inc.…
By Andrea Shalal MADRID – World Bank chief economist Carmen Reinhart said it could take many more years before the growing number of heavily indebted countries see any substantive reduction…
BRASILIA – Brazil’s federal public debt rose 2.01% in May from the month before, with the average costs of domestic debt issuance jumping to the highest level in five years…
By Marc Jones LONDON – A senior official at the World Bank has ramped up its calls for changes in sovereign debt laws so governments have more control when crises…
JAKARTA – Garuda Indonesia has halved its debt and achieved comparable cuts to aircraft leasing costs in negotiations that have set the airline up for profitability, the Indonesian government said…
TOKYO -Japanese Finance Minister Shunichi Suzuki said on Tuesday that it was “a little difficult” at present to confirm the definite impact on Japan from Russia’s debt default. Suzuki, who…
by New Jersey Senate Budget Chairman Paul Sarl Saying it’s clear that New Jersey Treasurer Elizabeth Maher Muoio intentionally misled legislators on behalf of the Murphy administration to hide the…
BERLIN – Finance Minister Christian Lindner warned that interest charges on Germany’s public debt could reach 30 billion euros next year due to rising interest rates and growing debt levels,…
COLOMBO – Representatives from heavyweight financial and legal advisers Lazard and Clifford Chance arrived in Sri Lanka to kick off the restructuring of over $12 billion in debt, the island…
By Mehnaz Yasmin and Davide Barbuscia (Reuters) – U.S. corporate bonds were pummeled on Monday as expectations of an aggressive rate hiking cycle, following hotter-than-anticipated inflation data last week, intensified…