For some European states, rising debt costs rekindle 2011 crisis memories
By Dhara Ranasinghe LONDON – The rise in European bond yields is alarming some economists, who warn that Italy and Greece in particular do not …
Debt
Indonesia airline Garuda proposes another debt restructuring extension
JAKARTA – State-controlled carrier Garuda Indonesia has asked a Jakarta court to extend for the third time its deadline to complete its debt-restructuring process, its …
JPMorgan says EM debt at ‘mercy’ of Fed, cuts Nigeria from overweight
By Rachel Savage LONDON – Emerging market sovereign debt is at the “mercy” of the Federal Reserve’s interest rate decisions, JPMorgan analysts said in a …
Colombia swapped $641 million in local public debt last month
BOGOTA – Colombia swapped internal public debt worth 2.6 trillion pesos ($641 million) in April, the second such operation this year and part of an …
Brazil’s government launches debt renegotiation program for tax disputes
BRASILIA – The Brazilian government announced on Tuesday a debt renegotiation program for debtors owing it 150 billion reais ($29.9 billion) in legal disputes and …
U.S. Treasury to pay down $26 billion in debt in Q2
NEW YORK – The U.S. Treasury said on Monday it expects to pay down $26 billion in debt the second quarter, down from a January …
UN chief calls for debt relief, post-COVID investment on W. Africa trip
By Nellie Peyton DAKAR – U.N. Secretary-General Antonio Guterres on Sunday urged debt relief for African countries and more investment to help their economies recover …
Negative-yielding corporate debt disappears as euro yields hit 8-year high
By Yoruk Bahceli (Reuters) – Yields on euro investment-grade corporate bonds have climbed to their highest in over eight years, a widely-followed index showed on …
NZ cenbank to finalise debt servicing curbs framework for mortgage lending by late 2022
(Reuters) – The Reserve Bank of New Zealand on Wednesday said it intends to finalise a framework on debt servicing restrictions (DSRs) on residential mortgage …
Exclusive-Washington man arrested for impersonating agent left trail of defaults and debt
By Sarah N. Lynch WASHINGTON – Before Arian Taherzadeh was arrested for impersonating a U.S. law enforcement agent, he portrayed himself as a wealthy playboy …
Russia faces risk of “orchestrated” default on state debt -VTB CEO
(Reuters) – Russia may face an “orchestrated” default on state debt due to Western sanctions which should not be seen as a technical default, the …
Japan banks target growth in cooling U.S. high-yield debt market
By Makiko Yamazaki and Yuki Nitta TOKYO – When Japan’s biggest banks helped finance a $34 billion deal last year for medical supply maker Medline, …
Exclusive-Mexico’s Pemex under pressure to resume financial debt payments
By Ana Isabel Martinez and Anthony Esposito MEXICO CITY – Mexico’s cash-strapped state oil firm Petroleos Mexicanos (Pemex) is under pressure to resume financial debt …
Determinations committee says Russia in potential default on sovereign debt
LONDON -A derivatives panel has ruled on Wednesday that Russia could be in default after it failed to make a payment due on April 4 …
Russian central bank temporarily suspends publication of external debt data
(Reuters) – Russia’s central bank said on Tuesday that it had temporarily suspended the publication of external debt data. “Bank of Russia temporarily suspends publication …
China’s state asset regulator vows to ensure debt risks of centrally administered state firms controllable
BEIJING – China’s state asset regulator vowed on Tuesday to ensure that the debt risks of centrally administered state-owned enterprises are controllable. Peng Huagang, spokesman …
Brazilian miner Samarco creditors reject debt restructuring proposal
SAO PAULO – Creditors of Brazilian miner Samarco Mineracao SA, a joint venture of Vale SA and BHP Billiton Ltd, on Monday rejected the debt …
Pivot Energy Closes $190 Million of Debt and Tax Equity Financing to Support 90 MW Distributed Generation Solar Portfolio
This is the first portfolio of projects Pivot will build, own, and operate since its strategic acquisition by ECP in June 2021. In addition to …
Brazil government sees gross debt at 79.6% of GDP in ’23, sets deficit goal at 65.9 billion reais
By Marcela Ayres BRASILIA – The Brazilian government projected on Thursday that the country’s debt will reach 79.6% of gross domestic product in 2023, rising …
Analysis – Sri Lanka bondholders brace for big losses in debt restructuring
By Jorgelina do Rosario and Karin Strohecker (Reuters) – Sri Lanka’s creditors face losing a third to half of their investment in the country’s dollar …
Generali challenger’s plan would increase debt leverage to near 25% – paper
ROME – A plan for Italy’s Generali put forward by a rebel investor would aim to increase the insurer’s debt leverage to near 25% for …
New mechanisms needed for debt stress as poor countries hit by surging prices -IMF
By Andrea Shalal WASHINGTON – Sharply higher global food and energy prices due to the war in Ukraine are hitting poor countries, and better mechanisms …
Kremlin says there is no reason for Russian debt default
(Reuters) – The Kremlin said on Monday that Russia had the resources to pay its debt so there was no objective reason for a default. …
Analysis-Russia debt investors in limbo as default risk increases
By Davide Barbuscia, Alexandra Alper and Karin Strohecker NEW YORK/WASHINGTON/LONDON – Investors in Russia’s international bonds face an increasingly uncertain path to recover their money …
Exclusive-India probes debt trustee units of SBI, Axis, IDBI on suspected fee cartel
By Aditya Kalra and Abhirup Roy NEW DELHI – India’s antitrust body is investigating the trustee units of State Bank of India, Axis Bank and …
Global sovereign debt to rise almost 10% to new high in 2022 – Janus Henderson
LONDON – Global government debt is set to rise 9.5% this year to a record $71.6 trillion, driven by the United States, Japan and China, …
Explainer-Can Russia make payments on its sovereign debt?
LONDON – The United States has blocked the Russian government from paying owners of its sovereign debt from reserves held at U.S. banks, raising the …
Delivery Hero launches 1.4-billion-euro debt financing syndication
BERLIN – Delivery Hero said on Monday it had launched a debt financing syndication equal to 1.4 billion euros ($1.55 billion) with proceeds to be …
Oman to use surplus from higher oil prices to reduce public debt
CAIRO – Oman expects to reduce its public debt to 19.46 billion Omani riyals by using the surplus arising from selling oil at higher prices …
JPMorgan cuts EM local currency debt to ‘underweight’ as Russia-Ukraine woes bite
By Jorgelina do Rosario LONDON – JPMorgan analysts have slapped a sell, or ‘underweight’, recommendation on emerging market local currency sovereign debt due to the …
HSBC and Overhaul Announce Venture Debt Financing to Fund Future Growth and Expansion Globally
AUSTIN, Texas, March 24, 2022 — Overhaul, the industry’s first and only software-based, supply-chain visibility, integrity, and security solution for leading enterprises shipping freight globally, …
Jury Finds That Charlotte Man Previously Convicted Of Federal Crimes Violated The Federal Debt Collection Procedures Act
CHARLOTTE, N.C. – A federal jury in Charlotte has returned a verdict against Malcom Bynum, for fraudulently transferring a piece of property to a relative …
Aegon sells Hungarian arm to VIG, acts to cut debt
– Aegon has completed the sale of its Hungarian arm to Vienna Insurance Group (VIG) for 620 million euros ($682 million), the Dutch insurer said …
Explainer-Russia faces a raft of external debt payments
LONDON – Russia is due to make another dollar-denominated payment to bondholders on Monday after last week defying fears it might not be able or …
IMF board to meet March 25 over Argentina debt deal: statement
WASHINGTON – The International Monetary Fund’s executive board will meet on March 25 to discuss Argentina’s request for a debt deal, an IMF spokesman said …
German debt to reach some 70% of output this year – Lindner
BERLIN – Germany’s public debt will be around 70% of economic output this year and will fall to no more than the 60% ceiling set …
Malaysia’s AirAsia X completes debt restructure, to write back nearly $8 billion to profit
– Malaysia’s Airasia X (AAX) said on Wednesday it had completed its debt restructuring, and will write 33 billion ringgit ($7.86 billion) back to profits …
Ukraine raises $185 million at debt auction for war effort, says finance ministry
LVIV, Ukraine – Ukraine raised 5.4 billion hryvnias ($185 million) on Tuesday at a third auction of local one-year bonds to raise money for its …
Debt deadline and central bank hikes loom in Russia
By Marc Jones LONDON – The cost of Russia’s invasion of Ukraine will become a lot clearer next week, with a previously unthinkable sovereign default …
Macron is cautious about joint EU debt plan
VERSAILLES, France – French President Emmanuel Macron said on Thursday the war in Ukraine will require joint EU investments which may lead to a new …
Mexican president urges Argentina to accept IMF debt deal
MEXICO CITY – Mexican President Andres Manuel Lopez Obrador on Thursday urged Argentina to accept a new $45 billion deal with the International Monetary Fund …
Russia to pay external debt in roubles if forex accounts remain blocked, TASS says
– Russia will service its external obligations in roubles if foreign exchange accounts of the central bank and the government remain blocked by the western …
EU leaders to make room for more spending over Ukraine, no new joint debt seen
By Jan Strupczewski VERSAILLES, France – European Union leaders will prepare the ground on Friday for possible unexpected spending over the war in Ukraine, but …
Indictment Charges Two Individuals, Including One Who Posed as a Lawyer, with Wire and Mail Fraud Conspiracy in Connection with Alleged Fraudulent Debt Elimination Scheme
Greenbelt, Maryland – A federal grand jury has indicted Willie Lamont Hicks, age 50, of Rockville, Maryland, and Mary Ann Mendoza, age 49, of Kensington, …
Ukraine will service debt on time and in full despite Russian invasion -government
By Natalia Zinets LVIV – Ukraine will service its debt on time and in full, bolstered by financing from allies and international institutions who have …
Russian-Ukraine fears send CDS debt insurance costs soaring
LONDON – The cost of insuring against a Russian government debt default soared by almost 50% on Monday and premiums on other emerging market countries, …
JPMorgan polls investors over potential exclusion of Russian debt from indexes
LONDON – JPMorgan, which runs the most widely used emerging market bond indexes, is polling investors over the potential exclusion of Russia’s local and hard …
Ukraine tapped lion’s share of IMF reserve allocation, debt pressures building
By Andrea Shalal WASHINGTON – Ukraine has exchanged all but $80 million of the $2.7 billion in new International Monetary Fund emergency reserves it received …
Cannabis producer Tilray to buy rival HEXO’s debt of up to $211 million
– Tilray Brands on Thursday agreed to buy up to $211 million of HEXO’s debt, giving the Canadian cannabis producer a right to pick a …
High debt EU countries should start to tighten policy in 2023 – Commission
BRUSSELS – European Union countries should move to a neutral fiscal stance next year from a supportive stance in 2022, with high debt countries focusing …