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…
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 global fallout from the Russia-Ukraine crisis. Emerging…
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, today announced that HSBC Bank USA has…
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 in violation of the Federal Debt Collection…
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 on Wednesday. Aegon had announced the 830…
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 willing to do so, following Western countries’…
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 on Saturday. Argentina’s Senate voted on Thursday…
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 by the European Union in the second…
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 in the next quarter. Under the airline’s…
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 fight against Russian forces, the finance ministry…
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 looming, more emergency central bank measures likely…
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 bout of joint debt, but added he…
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 (IMF) instead of defaulting on its debt.…
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 sanctions, Finance Minister Anton Siluanov was quoted…
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 will stop short of mentioning any new…
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, Maryland, on federal charges of conspiracy to…
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 rushed to Kyiv’s aid since the Russian…
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, junk bonds and swathes of Europe’s banks…
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 currency debt from its benchmarks. In a…
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 in August, IMF data show, and debt…
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 significant equity stake in its troubled rival.…
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 on tighter fiscal policy and low debt…
Credit rating agency Scope downgrades Russia’s sovereign debt rating to ‘BB+’
– Credit rating agency Scope cut Russia’s sovereign debt ratings to BB+ on Tuesday and placed them under review for further downgrade, citing “severe strengthening” of the sanctions imposed on the country…
Ukraine raises $273 million at debt auction for war effort, says finance ministry
LVIV – Ukraine raised 8.1 billion hryvnias ($273 million) on Tuesday at its first bond auction to raise money for its fight against Russia, the finance ministry said in a statement. After…
Moody’s warns Russia’s debt payments ban adds to downgrade risk
LONDON – Credit rating agency Moody’s warned on Tuesday that Russia’s move to ban the servicing of newly-issued foreign-currency debt in the wake of stiff Western sanctions had added to the likelihood…
JPMorgan says Russia remains part of its emerging debt indexes, new bonds excluded
LONDON – JPMorgan said on Tuesday that Russian debt remained part of its emerging market bond indexes for now but that new debt issued by sanctioned Russian entities would not be included…
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