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…
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 Olaf Scholz said on Wednesday. “The goal…
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 to an internal memo seen by Reuters…
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 in euros for the first time, taking…
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 increasing its borrowing to plug current account…
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 said in a TV interview aired on…
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 Chancellor Olaf Scholz said on Friday. “It…
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 means, Finance Minister Anton Siluanov said on…
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 favour raising taxes even as the incoming…
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 the past year as a result of…
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 will offer its car subscriptions in California…
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, the finance ministry said on Wednesday, as…
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 evidence of a systemic debt crisis, but…
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 the euro as export-focused companies sold foreign…
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 government’s “debt sustainability” following Russia’s invasion. “While…
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 “Company”) (CSE: AAWH.U) (OTCQX: AAWH), a multi-state,…
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 on Wednesday, which could put Moscow closer…
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 a German state bailout it had received…
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 recession is prompting debt investors to demand…
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) (“Bausch Health”) today announced the closing of…
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 of France’s central bank said on Tuesday.…
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 loan balances, but the rise was the…
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 have much wiggle room before their 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 CEO said, as the verification of claims…
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 note on Monday, as the U.S. central…
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 effort to reduce amortizations and improve the…
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