Debt News
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By AFP
Buenos Aires -
Argentina's leftist president-elect Alberto Fernandez said Tuesday he would renounce the remaining $11 billion tranche of the country's International Monetary Fund loan as soon as he takes office next month.
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By AFP
Washington -
Credit ratings agency Moody's on Friday downgraded the outlook for Britain's debt, citing mounting policy challenges amid the Brexit debate.The agency cut the outlook to negative from stable but kept the debt at the investment grade Aa2.
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By AFP
Washington -
The global debt load has surged to a new all-time record equivalent to more than double the world's economic output, IMF chief Kristalina Georgieva warned Thursday.
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By AFP
Washington -
International Monetary Fund chief Kristalina Georgieva on Monday congratulated Alberto Fernandez, winner of Argentina's presidential elections, and vowed to work with his government to stabilize the economy"We look forward to engaging with his administ...
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By AFP
Washington -
Low borrowing rates put in place amid a slowing economy -- partly caused by uncertainty created by the US-China trade war -- have sparked a surge in risky corporate borrowing which could sow the seeds of a new global crisis, the International Monetary ...
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By AFP
Athens -
Greece on Monday officially requested to repay part of its IMF loans beforethe maturity date, the prime minister said, in a bid to save interest rate costs.
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By AFP
Washington -
The ratings agency Fitch on Friday upgraded Ukraine's sovereign debt to "B" from "B-," pointing to the country's increasing political and economic stability as well as falling debt levels.
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By AFP
Buenos Aires -
Argentina asked the International Monetary Fund to restructure its debt payments on the $56 billion bail-out loan agreed last year in a bid to calm market turbulence, Finance Minister Hernan Lacunza said Wednesday.
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LendEDU has published its fourth annual 'Student Loan Debt by School by State Report' that lists the average student debt per borrower figures at nearly 1,000 U.S. colleges and universities throughout the country. This shows a rise in debt rates.
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By AFP
Buenos Aires -
Argentina's peso ended a tumultuous week Friday having shed 20 percent in its value against the US dollar as both Fitch and S&P cut the South American country's long-term credit rating, citing increased uncertainty and a rising risk of default.
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By AFP
Washington -
US Democrats have nearly reached a deal with the Trump administration to raise the debt ceiling, allowing the government to borrow more money and avoid a disastrous default, sources close to the negotiations said Monday.
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By AFP
Paris -
France has slipped further into the red, the national statistics bureau said on Friday, only days after the country's public auditor warned of "worrying" debt levels.Public debt rose to 99.
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By AFP
Paris -
EU members Hungary, Poland, Portugal and soon Austria are strengthening ties with China by issuing attractive "panda bonds" that help Beijing raise its profile on international financial markets.
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By AFP
Rome -
Italy's Deputy Prime Minister Matteo Salvini said Tuesday he expected Brussels to slap Rome with a three billion-euro ($3.36 billion) fine over the country's rising debt and structural deficit levels.
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Men or women: who are fares better with money matters? New data pertaining shows that it’s men. This comes from a survey undertaken by STASH, who produce a consumer investment app. The survey marks financial literacy month.
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By AFP
Washington -
Rising corporate and government debt levels and the sharp increase in more risky lending could leave the global economy vulnerable to another severe downturn, the International Monetary Fund warned Wednesday.
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By AFP
Bejing -
Venezuela's self-proclaimed president Juan Guaido has promised China he will honour bilateral agreements and said he was ready to start a dialogue with Beijing "as soon as possible".
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By AFP
Johanesburg -
Mozambique's former finance minister Manuel Chang made a brief court appearance in Johannesburg on Tuesday after being arrested at the city's airport over alleged secret loans to Mozambican state companies totalling $2 billion.
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By AFP
Rome -
Italian lawmakers passed Saturday the populist government's revised 2019 budget before a year-end deadline, despite complaints from the opposition that it was dictated by Brussels and had been rammed through without debate.
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By AFP
Rome -
The Italian Senate on Sunday passed a revised 2019 budget agreed after a tense standoff with Brussels which saw the populist government water down key measures.
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By AFP
Havana -
Cuba's government admitted on Friday that it won't be able to pay all its debt commitments in 2019, blaming Hurricane Irma and United States sanctions for its woes.
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By AFP
Apo -
The EU and Italy on Wednesday called a truce in their bitter row over Rome's disputed 2019 budget, as the populist government agreed to put off signature reforms.
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By AFP
Rome -
Italy's government has reached a verbal agreement with the EU on the country's disputed 2019 budget following discussions with senior officials in Brussels, according to sources close to the government cited by Italian media Wednesday.
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By AFP
Atenas -
Greek lawmakers on Tuesday adopted the first budget free of foreign assistance in almost 10 years, predicting economic growth of 2.5 percent in 2019, better than the expected eurozone average.The budget includes 900 million euros ($1.
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By AFP
Paris -
European Economic Affairs Commissioner Pierre Moscovici said Tuesday he was working to avoid Italy being sanctioned over its 2019 budget, reiterating that Rome and Paris were not being held to two different standards.
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By AFP
Washington -
The International Monetary Fund board will meet to approve a new loan deal for Ukraine "promptly" after December 10, once the country implements key policy steps including raising gas and heating rates, IMF chief Christine Lagarde said Wednesday.
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By AFP
Male -
The Maldives foreign minister will visit Beijing before the end of 2018, officials said Wednesday, likely seeking to renegotiate the archipelago's Chinese debt.
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By AFP
Apo -
Exasperated eurozone finance ministers are expected to back Brussels in the row over Italy's budget on Monday, setting the stage for market turmoil not seen since the debt crisis.
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By AFP
Washington -
The International Monetary Fund executive board on Friday approved an increased loan package for Argentina worth $56 billion to help stabilize the crisis-battered country's economy and currency.The IMF said the approval released $5.
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By AFP
Washington -
The International Monetary Fund executive board on Friday approved a $56 billion loan package for Argentina to help stabilize the crisis-battered country's economy.The IMF said the approval released $5.7 billion to the government immediately.
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Debt Image
Federal Reserve G20 Data Display in Ratio Line Chart
New Jersey's baboon is finally captured.
Via Flickr / xJason.Rogersx
Student embraced by Grim Reaper of Debt DonkeyHotey
Comparison of debt in countries with the Euro as currency
President Barack Obama signs the Budget Control Act of 2011 in the Oval Office, Aug. 2, 2011 White House photo by Pete Souza
It’s always good to pay off your credit card debt, and with interest rates rising, what better time than now? Paul Vlaar
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