Tag Archives: debt
New debt forecasts dash Greece hopes
Athens presents new budget plan showing debt exploding beyond worst-case scenario envisioned by international lenders eight months ago
Full Story: Financial Times – UK Homepage
Yield hunters look to tier two debt
Banks taking advantage of strong investor demand for more rewarding assets to issue riskier capital and the rush is particularly noticeable in Europe
Full Story: Financial Times – UK Homepage
Buffeted by debt crisis, EU wins Nobel Peace Prize
BRUSSELS (AP) — The European Commission president had no reason to expect anything but another bad day. Then, out of the blue, after three years of back-biting and seemingly daily financial crisis, the European Union won the Nobel Peace Prize…
Despite debt crisis, EU wins Nobel Peace Prize
OSLO, Norway (AP) — The European Union won the Nobel Peace Prize for fostering peace on a continent ravaged by war, yet the Norwegian prize jury warned Friday that the financial crisis challenging the bloc’s unity could lead to a…
US hooked on ‘crystal meth’ debt, says Gross
Pimco fund manager warns reliance on debt financing places US in a ‘ring of fire’ that includes precarious countries such as Greece and Spain
Full Story: Financial Times – UK Homepage
Call for bank bonuses to be paid in debt
The Liikanen commission will recommend reforms for long-term pay incentives as well as advocating ringfencing trading activities to make big banks safer
Full Story: Financial Times – UK Homepage
London regulation pushes debt deals away
Since July, UK regulators have stringently enforced EU laws requiring companies to give detailed information to buyers of their debt earlier
Full Story: Financial Times – UK Homepage
Energy switch option to cut debt
Households who owe their energy supplier up to £500 will be able to switch to cheaper deals, as part of measures to deal with rising prices.
Full Story: BBC News – Home
John L. Smith has $25.7M bankruptcy debt
New documents filed in Arkansas coach John L. Smith’s bankruptcy show he has debts of more than million and assets of just over .2 million.
Full Story: ESPN.com
King gives green light to break debt rule
BoE governor said if there was a genuine excuse the government could afford to allow the burden of public debt to continue to rise after 2014-15
Full Story: Financial Times – UK Homepage
Egan-Jones cuts US debt rating to AA- from AA
NEW YORK (AP) — Egan-Jones is downgrading its rating on U.S. debt to AA- from AA, citing Federal Reserve plans to try to stimulate the economy.
Full Story: Top Headlines
Greece in ‘difficult’ talks with debt troika
Finance minister describes talks with international debt inspectors as “difficult” as they demand more budget cuts.
Full Story: AL JAZEERA ENGLISH (AJE)
European groups issue €7.8bn of fresh debt
Corporates take advantage of stronger risk appetite among investors after details of the ECB’s revamped bond-buying plan were announced last week
Full Story: Financial Times – UK Homepage
EU leaders back plan to lower eurozone debt
European Central Bank to allow unlimited bond-buying to help member countries hit by crippling borrowing costs.
Full Story: AL JAZEERA ENGLISH (AJE)
Distressed debt funds eye UK retailers
Although the debts of many companies have markedly recovered recently, fund executives believe some could eventually be forced to restructure
Full Story: Financial Times – UK Homepage
Spain creates ‘bad bank’ for debt
The Spanish government is creating a “bad bank” into which all the toxic property assets of its debt-laden banking sector can be off-loaded.
Full Story: BBC News – Home
Corporate debt issuance red hot in August
Nearly 0bn of debt taken out – the highest August figure since records began in 1995, and more than double the bn average
Full Story: Financial Times – UK Homepage
Greece pleads for debt extension
Greek PM Antonis Samaras has asked for “air to breathe” so he can complete reforms demanded in return for bailout funds.
Full Story: AL JAZEERA ENGLISH (AJE)
Data undermine UK debt reduction plan
Britain posts unexpected budget deficit in July as corporation tax receipts drop sharply, pushing plans to balance the books further off track
Full Story: Financial Times – UK Homepage
Yields on US junk-rated debt hit new lows
Investors seeking returns in low-interest environment drawn by a record number of deals but there is doubt the rally can extend much further
Full Story: Financial Times – UK Homepage