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 …
Debt
Dems Pushing College Loan Forgiveness Owe Massive Sums In Student Debt, Records Show
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 …
Chad creditors expected to agree phased ‘contingent’ debt relief plan
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 …
Debt Collector Shot at in Glen Burnie
GLEN BURNIE, MD – A debt collector who showed up at a residence in Glen Burnie was shot at by the man who owed him …
Asian firms may struggle to refinance dollar debt, ratio suggests
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 …
IMF’s Georgieva warns against ‘complacency’ on global debt problems
By Andrea Shalal (Reuters) – IMF Managing Director Kristalina Georgieva is pushing China and other Group of 20 economies to speed up debt relief for …
Analysis: Sanctions on Russia’s debt entangle default insurance payouts
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 …
‘Dead-End’: China May Be On The Verge Of A Major Debt Crisis, Experts Say
‘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 …
UK faces unsustainable debt burden unless taxes rise, watchdog warns
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 …
France can’t tackle inflation crisis with more debt – central bank
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 …
France can’t keep diverging from Germany on debt – public auditor
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 …
Democrat Senate Candidate With Massive College Debt Supports Waiving Away Student Loans
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 …
Foreigners cut China debt, buy equities in June – IIF
SHANGHAI – Foreign investors continued to cut holdings in Chinese bonds in June but added positions in equities, bucking the trend in other emerging markets …
Crisis-hit Sri Lanka to present debt restructure plan to IMF by August
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 …
ECB to revamp corporate debt holdings to favour greener firms
FRANKFURT – The European Central Bank plans to gradually revamp its 344 billion euro ($358 billion) corporate debt portfolio to favour greener firms, it said …
AWH Announces US$28.5M Incremental Senior Debt Financing
– 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 …
World Bank’s Reinhart sees ‘long haul’ before any debt reductions for developing countries
By Andrea Shalal MADRID – World Bank chief economist Carmen Reinhart said it could take many more years before the growing number of heavily indebted …
Brazil’s public debt rises 2.01% in May, interest rates reach 5-year highs
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 …
World Bank calls for sovereign debt changes ahead of looming crises
By Marc Jones LONDON – A senior official at the World Bank has ramped up its calls for changes in sovereign debt laws so governments …
Garuda Indonesia halves debt with restructuring, on track for profit – government
JAKARTA – Garuda Indonesia has halved its debt and achieved comparable cuts to aircraft leasing costs in negotiations that have set the airline up for …
Japan says hard to confirm impact from Russia’s debt default
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 …
New Jersey Legislators Say Murphy Administration Hiding Massive Debt Increase
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 …
Germany’s debt interest payments could soar next year, finance minister warns – newspaper
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 …
Lazard, Clifford Chance reach Sri Lanka to advise on debt restructure – PM
COLOMBO – Representatives from heavyweight financial and legal advisers Lazard and Clifford Chance arrived in Sri Lanka to kick off the restructuring of over $12 …
U.S. corporate debt hit hard as inflation shock intensifies economic fears
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 …
Czech finance minister outlines plan to let firms to pay taxes in euros, look at more euro debt
By Jan Lopatka and Jason Hovet PRAGUE – The Czech government’s plan to let companies pay taxes in euros from 2024 will enable the state …
ECB bond reinvestments no ‘panacea’ for southern European debt, UBS warns
By Yoruk Bahceli (Reuters) – Gearing reinvestments of pandemic-era bond purchases back into stressed markets may not be enough to prevent unmanageable divergences in borrowing …
UniCredit well placed to weather Italian debt volatility – CFO
MILAN – UniCredit is well placed to withstand volatility in Italian government bonds, the group’s finance chief said on Wednesday, dismissing concerns about the impact …
Japan’s new debt management panel to meet on Monday
TOKYO – Japan’s finance ministry will kick off on Monday the first meeting of a newly-established panel of experts to discuss national debt management, it …
Germany’s Scholz says goal to reduce inflation with 2023 debt brake
BERLIN – Germany must refrain from funding long-term subsidies with further credit in order to return to its constitutionally enshrined debt brake next year, Chancellor …
JPMorgan appoints Thomas Cassin as vice chair of debt capital markets unit
(Reuters) – JPMorgan Chase and Co has named Thomas Cassin as vice chair of global debt capital markets for the bank’s investment banking unit, according …
Exclusive-Czechs discuss more euro debt as issuance toolkit expands
By Jason Hovet and Jan Lopatka PRAGUE – The Czech treasury is looking at adding a new euro-denominated bond this year and issuing treasury bills …
Egypt’s foreign debt rose by $8.1 billion in last quarter of 2021
CAIRO – Egypt’s net external debt climbed by $8.1 billion in the fourth quarter of 2021, central bank data showed on Sunday. Egypt had been …
Russia working on new mechanism to service foreign debt – finance minister
(Reuters) – Russia will prepare a settlement mechanism before June payouts that will allow it to service its dollar-denominated foreign debt, Finance Minister Anton Siluanov …
China’s lending policy could trigger new debt crisis – Germany’s Scholz
BERLIN – A lack of transparency in China’s lending poses a threat to developing and emerging countries and could trigger a new debt crisis, German …
Russia will continue to service external debt in roubles, minister says
(Reuters) – Russia will keep on paying its state Eurobond obligations in roubles and will defend its role as a reliable borrower by all possible …
Incoming Philippine Finance Minister does not favour tax hikes to tackle debt
MANILA – Philippine central bank governor Benjamin Diokno, who takes on a new role as finance secretary next month, said on Friday he does not …
China property market slumps on developers’ debt crisis, weak buyer sentiment
By Clare Jim and Vijdan Mohammad Kawoosa HONG KONG – China’s property market, a key pillar of the world’s second-largest economy, has weakened sharply in …
Car Subscription Platform FINN Raises $110M In Equity and $720M In Debt To Supercharge Its Growth in the U.S. and Europe
FINN also announced the opening of its U.S. headquarters in New York City. FINN is currently active in New Jersey, Pennsylvania, Massachusetts and Connecticut and …
Russia to service external debt in roubles, ministry says
(Reuters) – Russia will service its external debt in roubles, which can be converted into the currency of the original Eurobonds at a later date, …
IMF’s Gopinath does not see a global sovereign debt crisis yet
DAVOS, Switzerland – While government debt levels are climbing around the world, with debt burdens in emerging markets rising rapidly, so far there is not …
Rouble firms to 4-yr high vs dollar as Russian debt payment licence expires
(Reuters) – The Russian rouble firmed past 56 against the dollar on Wednesday for the first time since 2018, and touched a seven-year high against …
Moody’s downgrades Ukraine to “Caa3” on debt uncertainty
(Reuters) – Moody’s on Friday downgraded Ukraine’s foreign currency sovereign credit rating to “Caa3” from “Caa2”, with a negative outlook, citing increased risks to the …
AWH Announces US$36.5 Million Incremental Senior Debt Financing
— Closes additional funding under option to increase existing term loan — NEW YORK, May 18, 2022 – Ascend Wellness Holdings, Inc. (“AWH” or the …
U.S. unlikely to extend Russian debt payment licence, Treasury’s Yellen says
BONN, Germany – The United States is unlikely to extend a soon-to-expire licence that allows Russia to pay U.S. bondholders, Treasury Secretary Janet Yellen said …
TUI raises $447 million in capital increase to further repay debt
FRANKFURT – Holiday group TUI said on Wednesday it raised about 425 million euros ($447 million) in its capital increase to pay back parts of …
Analysis: European dealmakers face shrinking debt options as recession risk looms
By Pamela Barbaglia and Yoruk Bahceli LONDON – European dealmakers are struggling to finance corporate takeovers as concern that the region’s economies may dip into …
Bausch Health And Bausch + Lomb Corporation Announce Closing Of Initial Public Offering Of Bausch + Lomb And Related Debt Transactions
LAVAL, QC and VAUGHAN, ON, May 10, 2022 — Bausch + Lomb Corporation (NYSE/TSX: BLCO) (“Bausch + Lomb”) and Bausch Health Companies Inc. (NYSE/TSX: BHC) …
Rising rates mean debt can’t be ignored -French cenbanker
PARIS – Higher interest rates make it all the more important for post-pandemic government debt levels to be brought to more sustainable levels, the head …
U.S. household debt nears $16 trln, but mortgage, auto loan demand wanes – NY Fed
(Reuters) – U.S. household debt rose to a record $15.84 trillion in the first quarter driven almost entirely by a $250 billion increase in home …