Harris Ends Billion Dollar Campaign $20 Million in Debt, Staffers Not Paid, Trump Offers Assistance
WASHINGTON — Vice President Kamala Harris’s campaign is reportedly facing a debt of approximately $20 million following the recent election, with campaign insiders suggesting the amount could rise as outstanding invoices continue…
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 the currency at a two-decade high and…
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 a growing number of heavily indebted countries,…
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 the U.S. Treasury does not green-light an…
‘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 and the country’s collapsing real estate market…
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 costs from an ageing population and falling…
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 as the government prepared to bring a…
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 audit office warned on Thursday. The independent…
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 Arkansas Senate candidate Natalie James has between…
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 (EM), the Institute of International Finance (IIF)…
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 bid to win approval for a four-year…
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 on Monday, taking another step in aligning…
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 – Ascend Wellness Holdings, Inc. (“AWH” or…
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 countries see any substantive reduction in their…
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 highest level in five years amid high…
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 have more control when crises strike and…
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 profitability, the Indonesian government said on Tuesday.…
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 Russia’s debt default. Suzuki, who commented on…
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 Murphy administration to hide the state’s rapidly…
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 rates and growing debt levels, adding that…
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 billion in debt, the island nation’s prime…
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 inflation data last week, intensified concerns over…
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 to raise its borrowing in euros and…
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 costs across the euro area as the…
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 of a recent widening in spreads with…
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 said. The five-member study group, as it…
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