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 …
Debt
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Financial News
Indonesia airline Garuda proposes another debt restructuring extension
by Reutersby ReutersJAKARTA – 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 …
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Financial News
JPMorgan says EM debt at ‘mercy’ of Fed, cuts Nigeria from overweight
by Reutersby ReutersBy 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 …
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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 …
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Financial News
Brazil’s government launches debt renegotiation program for tax disputes
by Reutersby ReutersBRASILIA – The Brazilian government announced on Tuesday a debt renegotiation program for debtors owing it 150 billion reais ($29.9 billion) in legal disputes and controversies over tax payments. The …
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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 borrowing estimate of $66 billion, …
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Financial News
UN chief calls for debt relief, post-COVID investment on W. Africa trip
by Reutersby ReutersBy 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 from the COVID-19 pandemic and …
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Financial News
Negative-yielding corporate debt disappears as euro yields hit 8-year high
by Reutersby ReutersBy 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 Friday. Surging bond yields this …
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Financial News
NZ cenbank to finalise debt servicing curbs framework for mortgage lending by late 2022
by Reutersby Reuters(Reuters) – The Reserve Bank of New Zealand on Wednesday said it intends to finalise a framework on debt servicing restrictions (DSRs) on residential mortgage lending by late 2022 and …
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Top HeadlinesUS and World News
Exclusive-Washington man arrested for impersonating agent left trail of defaults and debt
by Reutersby ReutersBy Sarah N. Lynch WASHINGTON – Before Arian Taherzadeh was arrested for impersonating a U.S. law enforcement agent, he portrayed himself as a wealthy playboy who wore flashy watches, drove …
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Financial News
Russia faces risk of “orchestrated” default on state debt -VTB CEO
by Reutersby Reuters(Reuters) – Russia may face an “orchestrated” default on state debt due to Western sanctions which should not be seen as a technical default, the CEO of Russia’s second-largest lender …
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Financial News
Japan banks target growth in cooling U.S. high-yield debt market
by Reutersby ReutersBy Makiko Yamazaki and Yuki Nitta TOKYO – When Japan’s biggest banks helped finance a $34 billion deal last year for medical supply maker Medline, one of the largest leveraged …
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Financial News
Exclusive-Mexico’s Pemex under pressure to resume financial debt payments
by Reutersby ReutersBy 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 repayments despite promises from President …
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Financial News
Determinations committee says Russia in potential default on sovereign debt
by Reutersby ReutersLONDON -A derivatives panel has ruled on Wednesday that Russia could be in default after it failed to make a payment due on April 4 in U.S. dollars on two …
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Financial News
Russian central bank temporarily suspends publication of external debt data
by Reutersby Reuters(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 of quarterly data on the …
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Financial News
China’s state asset regulator vows to ensure debt risks of centrally administered state firms controllable
by Reutersby ReutersBEIJING – 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 for the State-owned Assets Supervision …
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Financial News
Brazilian miner Samarco creditors reject debt restructuring proposal
by Reutersby ReutersSAO PAULO – Creditors of Brazilian miner Samarco Mineracao SA, a joint venture of Vale SA and BHP Billiton Ltd, on Monday rejected the debt restructuring plan presented by the …
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Business News
Pivot Energy Closes $190 Million of Debt and Tax Equity Financing to Support 90 MW Distributed Generation Solar Portfolio
by Your Newsby Your NewsThis is the first portfolio of projects Pivot will build, own, and operate since its strategic acquisition by ECP in June 2021. In addition to C&I PPAs, clients include community …
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Financial News
Brazil government sees gross debt at 79.6% of GDP in ’23, sets deficit goal at 65.9 billion reais
by Reutersby ReutersBy 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 to 80.3% in 2024 and …
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Financial News
Analysis – Sri Lanka bondholders brace for big losses in debt restructuring
by Reutersby ReutersBy 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 bonds, after the government announced …
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Financial News
Generali challenger’s plan would increase debt leverage to near 25% – paper
by Reutersby ReutersROME – 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 any worthy operations, the CEO …
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Financial News
New mechanisms needed for debt stress as poor countries hit by surging prices -IMF
by Reutersby ReutersBy Andrea Shalal WASHINGTON – Sharply higher global food and energy prices due to the war in Ukraine are hitting poor countries, and better mechanisms for dealing with sovereign debt …
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(Reuters) – The Kremlin said on Monday that Russia had the resources to pay its debt so there was no objective reason for a default. “There can only be a …
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Financial News
Analysis-Russia debt investors in limbo as default risk increases
by Reutersby ReutersBy 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 should Russia ultimately default, while …
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Financial News
Exclusive-India probes debt trustee units of SBI, Axis, IDBI on suspected fee cartel
by Reutersby ReutersBy Aditya Kalra and Abhirup Roy NEW DELHI – India’s antitrust body is investigating the trustee units of State Bank of India, Axis Bank and IDBI Bank for suspected collusion …