Posts Tagged ‘debt’

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Debt Ceiling Vote Could Spark First U.S. House GOP Battle

Debt Ceiling Vote Could Spark First U.S. House GOP Battle
A looming revolt against raising the national debt limit has opened the first visible rift between the new GOP leadership in the U.S. House and a faction represented by House Tea Party Caucus leader Michele Bachmann.

Read more on HispanicBusiness.com

S&P downgrades Ireland’s debt rating

S&P downgrades Ireland’s debt rating
Standard & Poor’s cut its rating on Ireland on Wednesday amid ongoing fears about the country’s banks despite a €67.5 billion bailout of the country in November. The ratings agency warned that another downgrade may be in the offing.

Read more on Fox News

Report: Euro Zone Mulls Partial Debt Write-Off

Report: Euro Zone Mulls Partial Debt Write-Off
A German newspaper reported euro zone nations are considering a plan to enable Greece and Ireland to write off some of their debt burden.

Read more on FOX Business

Euro Drops on Debt Concerns as Finance Chiefs Prepare to Meet

Euro Drops on Debt Concerns as Finance Chiefs Prepare to Meet
The euro fell against the dollar, snapping a five-day gain, on concern the region’s debt crisis will worsen even as European finance ministers meet today to hammer out a new strategy to stem the contagion.

Read more on BusinessWeek

World shares gain ahead of Europe debt sales

World shares gain ahead of Europe debt sales
World stock markets climbed Wednesday, pushed higher by an overnight rise on Wall Street following a pledge by Japan to buy bonds aimed at financing Europe’s bailout fund.

Read more on AP via Yahoo! News

Japan to buy euro zone debt, little relief for euro

Japan to buy euro zone debt, little relief for euro
TOKYO (Reuters) – Japan pledged to buy euro zone bonds this month in a show of support for Europe’s struggle with a smouldering debt crisis, but market players doubted the gesture would offer the…

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Deal sets up payment plan to retire debt

Deal sets up payment plan to retire debt
Deal sets up payment plan to retire debt

Read more on Atlanta Journal-Constitution

PH foreign debt up 4% in third quarter

PH foreign debt up 4% in third quarter
THE COUNTRY’S foreign debt grew in the third quarter as the government and private entities secured more loans abroad to fund their respective operations.

Read more on Philippine Daily Inquirer

Greece examines prospect of debt restructuring after 2013: report

Greece examines prospect of debt restructuring after 2013: report
Greece is examining the possibility of restructuring its debt after 2013 without a “haircut” on the value of the Greek bonds, a Greek newspaper said Thursday.

Read more on People’s Daily

Debt Struggles Set to Deepen for Peripheral Europe: Euro Credit

Debt Struggles Set to Deepen for Peripheral Europe: Euro Credit
Europe’s most indebted nations, already struggling to find buyers for their bonds, will face more competition as the region begins issuing new securities to fund Ireland’s rescue package.

Read more on BusinessWeek