Debt News
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By AFP
Maputo -
Mozambique's renewed efforts to solve its spiralling "secret debt" crisis have again collapsed, leaving the country struggling to recover its reputation as one of Africa's potential growth hotspots.
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Hoboken -
The company LendEDU has just released the results of its survey of 1,001 student loan borrowers and their thoughts on changes to the student debt bankruptcy policy, in the U.S. A research analyst provides an oversight.
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By AFP
Paris -
Ratings agency Moody's downgraded its assessment of Turkey's ability to pay back its debts further into junk territory, citing concerns over monetary policy, reform delays and institutional strength.
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By AFP
Paris -
Leading economists from France and Germany on Wednesday called for new fiscal rules for the eurozone and the creation of an independent watchdog to help to make the single currency more resilient against crises in the future.
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By AFP
Washington -
International credit ratings agency Standard and Poor's on Thursday pushed Brazil further into junk territory, lowering the long-term ratings of Latin America's biggest economy to BB-.
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By AFP
Bejing -
Venezuela's foreign minister blamed the US for his country's spiralling debt crisis on Thursday, saying Washington's "permanent attack" had left the economy crippled.
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By AFP
Paris -
The global economy is enjoying a Goldilocks moment, with growth and inflation neither too hot nor too cold.
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By AFP
Caracas -
Crisis-wracked Venezuela has defaulted on two bonds, failing to make a $183 million coupon payment, ratings agency S&P said Friday.
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By AFP
Bejing -
When Jia Xinru needed to borrow money to buy new clothes, order food and buy a projector to screen Breaking Bad on her wall, she had instant access to China's growing number of lenders via her mobile phone.
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By AFP
Atenas -
Greece said Saturday it had reached a preliminary agreement with international creditors that it was meeting its commitments to unblock the latest tranche of a third bailout programme.
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By AFP
Caracas -
Venezuela's President Nicolas Maduro on Sunday named a general to head debt-ridden PDVSA and ordered a "total restructuring" at the state oil giant, in a move that emphasized military support for his regime.
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By AFP
Caracas -
Venezuela's state-owned oil firm PDVSA said Friday it has started to repay $233 million in interest on two bonds nearing default, days before the end of the 30-day grace period.
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By AFP
New York -
Crisis-plagued Venezuela suffered another blow Thursday as a committee of creditors ruled that state oil company PDVSA has defaulted on its debt, a decision that triggers payment of default insurance to investors.
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By AFP
New York -
A committee of creditors on Thursday ruled that Venezuelan state oil company PDVSA has defaulted on its debt, a decision that triggers payment of default insurance to investors and deals another blow to the oil-rich but cash-poor nation.
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By AFP
Washington -
Despite its deepening travails, Venezuela remains an important player in the United States, where it owns oil refineries and pipelines through Citgo, a unit of Venezuelan state oil company PDVSA.
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By AFP
Washington -
If the crisis-stricken Venezuelan government manages to scrape together funds to make payments on its delinquent bonds, that would change the default designation but not the nation's prospects, a top ratings agency told AFP on Wednesday.
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By AFP
Atenas -
Greece will plough 1.4 billion euros of its fiscal surplus into welfare handouts, Prime Minister Alexis Tsipras said late Monday, as the country emerges from an austerity programme imposed by creditors.The Greek economy is expected to grow 2.
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By AFP
Caracas -
Venezuelan President Nicolas Maduro insisted on Sunday that his cash-strapped country would "never" default, as he prepared to meet with creditors in Caracas to discuss rescheduling part of the country's massive $150 billion debt.
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By AFP
Caracas -
Luber Faneitte has lung cancer but there's no medicine to treat it. She cannot make ends meet. Crime is rampant in her neighborhood.And she fears that if Venezuela defaults on its $150 billion debt, which is considered likely, things will get worse.
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By AFP
New York -
A committee of Venezuelan creditors postponed until Monday a decision on whether state oil company PDVSA has officially defaulted on its debt payments.
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By AFP
Paris -
A looming Venezuelan debt default is unlikely to trigger any domino effect in neighbouring economies as markets have long since priced in such an eventuality, economists say.
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By AFP
Caracas -
Decision day on a looming Venezuelan default was pushed back Friday after a committee of creditors postponed a ruling on whether state oil company PDVSA had officially defaulted on its debt repayments.
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By AFP
Moscow -
Venezuela has agreed to Russia's terms for restructuring its debt, Moscow's finance minister said Wednesday.
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By AFP
Caracas -
Venezuela on Friday called foreign creditors to a November 13 meeting in Caracas aiming to restructure its estimated $150 billion debt, as credit-rating agencies dealt the crisis-stricken country another blow with double downgrades.
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By AFP
Caracas -
Venezuela has called its foreign creditors to a meeting November 13 in Caracas in an effort to restructure its estimated at $150 billion debt, Vice President Tareck el Aissami said Friday.
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By AFP
Moscow -
Embattled Venezuelan leader Nicolas Maduro thanked Russian President Putin for his support, after they held talks in Moscow Wednesday focussed on financial aid for the crisis-stricken Latin American country.
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By AFP
Caracas -
Venezuela might look bad right now with protests, scarce food and fraught political tensions. But it could soon get a lot worse, according to analysts, because of a debt emergency raising the specter of default.
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By AFP
Kuala Lumpur -
Malaysia's scandal-hit state investment fund 1MDB has missed a payment to Abu Dhabi of over $600 million that it was supposed to make by the end of July to settle debts, the emirate's sovereign wealth fund said Tuesday.
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By AFP
Atenas -
Greek Prime Minister Alexis Tsipras on Wednesday claimed that his country's first bond sale in three years would help convince the European Central Bank to provide additional liquidity to its struggling economy.
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By AFP
Atenas -
Greece returned to the debt markets for the first time in three years on Tuesday, with reports saying it was on track to raise funds at a lower cost, marking a symbolic victory for the beleaguered eurozone nation.
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Debt Image
New Jersey's baboon is finally captured.
Via Flickr / xJason.Rogersx
President Barack Obama signs the Budget Control Act of 2011 in the Oval Office, Aug. 2, 2011 White House photo by Pete Souza
Federal Reserve G20 Data Display in Ratio Line Chart
It’s always good to pay off your credit card debt, and with interest rates rising, what better time than now? Paul Vlaar
Student embraced by Grim Reaper of Debt DonkeyHotey
Increasing price of textbooks on students.
Comparison of debt in countries with the Euro as currency
Akademos Logo, Akademos Philosophy, Flatworld Knowledge Textbooks, eReader, CoursePack Akademos, Inc.
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