MUMBAI/BENGALURU (Reuters) – India’s Infrastructure Leasing & Financial Services (IL&FS) said on Monday it expected to resolve about 57% of its near trillion rupee ($13.35 billion) debt pile even as the pandemic delayed the resolution process in some of the gr... More »
(Reuters) – AMC Entertainment Holdings Inc said on Monday it had reached an agreement with bondholders to reduce its debt by up to $630 million, as the theater industry suffers from the impact of COVID-19 pandemic. Major theater operators in the United States ... More »
WASHINGTON (Reuters) – U.S. President Donald Trump said on Friday he would like to address the ballooning national debt if he wins re-election in November, but did not provide details on how he would do so. Asked if he had a debt reduction plan, Trump told con... More »
NEW YORK(Reuters) – Allen Lomax knows how retirement is supposed to go: By your golden years, you should have paid off your house, built up a big pot of savings, and be able to face the years ahead without fear. The future is not quite shaping up like that for... More »
CARACAS (Reuters) – Venezuela’s state-run oil company PDVSA said its financial debt fell less than 0.1% in 2019 from the prior year to some $34.5 billion, though it remained in default on its bonds as sanctions freeze it out of the global banking system. PDVSA... More »
BEIJING (Reuters) – Many privately held firms in Shandong, China’s third-biggest province by economic output, are struggling to repay short-term debt due to declining industry fundamentals, entangled cross guarantees and ill-managed investments, S&P Global Rat... More »
LONDON (Reuters) – With banks’ bond trading desks increasingly going electronic, another of the last bastions of old-school banking – the business of helping companies and countries raise capital – may be about to succumb to the tide of technology. A clutch of... More »
WASHINGTON (Reuters) – U.S. House Speaker Nancy Pelosi said on Saturday that a two-year budget agreement with the Trump administration must include equal increases in defense and nondefense spending, plus additional money for a program intended to improve heal... More »
(Reuters) – Shared office space manager WeWork Cos is looking to raise $3 billion to $4 billion in debt before it goes public, a person familiar with the matter said on Sunday, a move aimed to fuel investor confidence in the company. The potential debt offerin... More »
SYDNEY (Reuters) – Investors in Australian mortgage bonds are demanding higher premiums to buy the riskiest tranches of new debt, as a slowing economy stokes concerns a property downturn could get worse and increase home loan defaults. High-yield investors are... More »
NEW YORK (Reuters) – My kids got a great report from the dentist at their last checkup. From the receptionist? Not so much. When I went to make an appointment for their next cleaning in six months, she shocked me by saying I owed nearly $3,000 in charges datin... More »
The NBA Board of Governors unanimously voted to increase the debt limit of owners to $325 million, according to a report from ESPN. The vote, which reportedly took place Friday, raises the debt limit $75 million. The decision comes ahead of higher team payroll... More »
LONDON (Reuters) – A resurgent dollar and higher borrowing costs are smashing through Argentina and Turkey’s currencies like a wrecking ball and raising the likelihood more broadly that emerging markets’ three-year long interest rate cutting cycle is at an end... More »
A Chinese flag flutters at Xinhuamen Gate of Zhongnanhai leadership compound in central Beijing, China December 15, 2017. REUTERS/Jason Lee BEIJING (Reuters) – China needs to let local governments take responsibility for their finances, including allowing bank... More »
FILE PHOTO: A man walks past the corporate logo of the state oil company PDVSA at a gas station in Caracas, Venezuela December 1, 2017. REUTERS/Marco Bello/File Photo CARACAS (Reuters) – Venezuelan state oil company PDVSA said late on Thursday it had begun the... More »
NEW YORK/LONDON/CARACAS (Reuters) – Venezuela’s efforts to restructure its debt may have triggered an initial stampede for the exits, but some investment funds are maintaining their portfolios or even beefing them up, betting that other investors’ distress cou... More »
As the froth comes off China’s home prices, there are increasing signs that some property developers, particularly those with a heavy debt load, are becoming less aggressive. More »
The growth of China's overall leverage ratio has been clearly slowing and is now stabilizing, the country's state planner said on Monday. More »
Middle East investment companies are ramping up their lending to businesses, providing a lifeline for small and medium-sized firms struggling to secure finance from banks that tightened credit after a suffering rise in bad loans. More »
FILE PHOTO: The company logo of Noble Group is displayed at its office in Hong Kong, China January 22, 2016. Singapore-listed commodities trader Noble Group Ltd has paid the coupon on its 2020 bond, market sources said on Tuesday, helping to reduce worries abo... More »
A 59-year old woman from the central Chinese city of Wuhan transformed her appearance through plastic surgery in order to avoid 25 million yuan ($3.71 million) of personal debts, state news agency Xinhua said. More »
FILE PHOTO: The flags of the U.S. and Puerto Rico fly outside the Capitol building in San Juan, Puerto Rico May 4, 2017. REUTERS/ Alvin Baez The economically struggling U.S. island territory of Puerto Rico voted overwhelmingly on Sunday in favor of becoming th... More »
A man walks past the U.S. Capitol building at sunset in Washington, U.S. May 17, 2017. REUTERS/Zach Gibson The U.S. Congress may be headed for a reckoning with the federal debt limit within weeks, thanks to wealthy Americans and corporations deferring tax paym... More »
Greek Finance Minister Euclid Tsakalotos attends a eurozone finance ministers meeting in Brussels, Belgium May 22, 2017. REUTERS/Francois Lenoir Euro zone finance ministers failed to agree on debt relief for Greece with the International Monetary Fund on Monda... More »
Students of the University of Puerto Rico protest as a meeting of the Financial Oversight and Management Board for Puerto Rico is taking place at the Convention Center in San Juan, Puerto Rico March 31, 2017. Picture taken March 31, 2017. REUTERS/Alvin Baez Ba... More »
South Korea’s Prime Minister and acting President Hwang Kyo-ahn attends a ceremony celebrating the 98th anniversary of the Independence Movement Day in Seoul, South Korea, March 1, 2017. REUTERS/Kim Hong-Ji South Korea’s acting president Hwang Kyo-ahn on Wedne... More »
Pedestrians walk by the main entrance of the Buenos Aires Stock Exchange, Argentina, April 18, 2016. REUTERS/Marcos Brindicci – RTX2AHAB Latin American governments and companies could soon step up bond sales, seizing on an increased appetite for deals as a reg... More »
China’s debt risks are “very much under control”, but local governments must ensure that the increase in their debt spending this year is within stipulated limits, Vice Finance Minister Liu Wei said on Friday. More »
A promotional footage on a property development of China Evergrande Group is shown at a news conference on the company’s interim results in Hong Kong, China August 30, 2016. REUTERS/Bobby Yip/File Photo China Evergrande Group (3333.HK), the country’s top home ... More »
Moody’s Investors Services said on Monday the United States will retain the rating agency’s top-notch debt rating as long as it meets its interest payments even if the government’s borrowing cap is reinstated on Thursday. More »
More Chinese companies are looking to raise debt offshore after Beijing approved a new funding structure last month that makes it easier and cheaper to tap foreign lenders. More »
People shop at a market in Dalian, Liaoning province, China, June 9, 2016. REUTERS/Stringer/File Photo A flurry of construction in the Chinese city of Shenyang belies a regional economy in crisis, a striking example of the increasingly diminishing returns from... More »
Euro zone lenders put a short-term debt relief deal for Greece on hold on Wednesday after the Athens government proposed a one-off payout to pensioners, the euro zone bailout fund ESM said. More »
Greek Finance Minister Euclid Tsakalotos delivers a speech during a parliamentary session before a budget vote in Athens, Greece, December 10, 2016. REUTERS/Alkis Konstantinidis Greek Finance Minister Euclid Tsakalotos on Thursday defended Athens’ plans to pay... More »
A woman shows her phone operating Ant Check, an Alibaba-linked platform, at a cafe in Beijing, China, April 11, 2016. REUTERS/Shirley Feng/File Photo Ma Yiqing, 24, is typical of China’s younger generation – he uses his credit card frequently and borrows from ... More »
German Finance Minister Wolfgang Schaeuble arrives for the weekly cabinet meeting at the Chancellery in Berlin, Germany, November 9, 2016. REUTERS/Axel Schmidt Germany on Wednesday opposed calls for debt relief for Greece after U.S. President Barack Obama offe... More »
Record global debt levels pose a clear risk to oil demand, the International Energy Agency said on Tuesday, citing figures from the International Monetary Fund last week that showed the world is awash with a record $152 trillion in debt. More »
A labourer works at a construction site in Beijing’s central business district, China, July 15, 2016. REUTERS/Jason Lee Rising debt levels will worsen the credit profiles of China’s top 200 companies this year, requiring the country’s banks to raise as much as... More »
A Hanjin Shipping Co ship is seen stranded outside the Port of Long Beach, California, September 8, 2016. REUTERS/Lucy Nicholson/File Photo All Hanjin Shipping Co Ltd (117930.KS) chartered vessels that have completed unloading their cargo have been told to can... More »
A Hanjin Shipping Co ship is seen stranded outside the Port of Long Beach, California, September 8, 2016. REUTERS/Lucy Nicholson A Hanjin Shipping Co Ltd (117930.KS) vessel is finishing unloading in California and scheduled to leave port on Monday, shipping in... More »
Former Hanjin Shipping (117930.KS) chairwoman Choi Eun-young plans to provide 10 billion won ($9 million) in private funds to Hanjin Shipping, a spokeswoman for Choi said on Monday. More »
Container vessel Hanjin Rome sits in the eastern anchorage area in Singapore September 9, 2016. REUTERS/Edgar Su The collapse of South Korea’s Hanjin Shipping (117930.KS), the world’s seventh-largest container carrier, has disrupted global trade networks and d... More »
A crane carries a container from a ship of Hanjin Shipping at Hanjin container terminal at the Busan New Port in Busan, about 420 km (261 miles) southeast of Seoul in this August 8, 2013 file photo. REUTERS/Lee Jae-Won/File Photo Troubled container shipper Han... More »
DOVER, Del. Embattled investor Lynn Tilton defended herself in a Delaware court on Wednesday against allegations that she had not disclosed the complex holdings of $2.5 billion distressed debt funds that she lost control of this year. The flamboyant Tilton tes... More »
WASHINGTON Puerto Rico, the U.S. commonwealth that recently declared a historic default, could be shut out of debt markets for two more years as it battles with fiscal challenges, the island’s governor said on Tuesday. Governor Alejandro Garcia Padilla said em... More »
BRUSSELS The euro zone and International Monetary are struggling with Greece’s debt crisis – not with Athens this time, but with each other over when to give Greece a break on its future massive debt repayments. The euro zone has begun talks on debt relief for... More »
NEW YORK Argentina’s celebrated $16.5 billion return to international capital markets last week was the final mile of a tortured 14-year path from historic default through the U.S. court system. Along the way, the saga included a death threat against a judge, ... More »
NEW YORK Debt may be a drag for millennials, but apparently not as much as cooking their own dinner. A survey from Citizens Bank found that fewer than half (47 percent) of millennials, those in the 18-35 age group, who are college graduates, would be willing t... More »
BRUSSELS Euro zone finance ministers are likely to start discussing debt relief for Greece on the sidelines of the IMF’s spring meetings in mid-April, if there is a deal by then with Athens on a reform package, euro zone officials said. Representatives of Gree... More »
NEW YORK Some cash-strapped U.S. oil and gas companies are considering creating an unusual layer of debt as a way of surviving the rout in oil and gas prices, according to restructuring advisors. Chesapeake Energy Corp (CHK.N) for example is considering the st... More »
HONG KONG Credit conditions for Asia-Pacific borrowers could become less favorable in the coming years, raising refinancing risk as weak commodities and slow growth take their toll against the backdrop of a strong dollar, rating agency Standard & Poor’s warned... More »
BEIJING The International Monetary Fund’s decision on Ukraine’s debt to Russia did not change anything to Moscow, Russian Deputy Finance Minister Sergei Storchak told reporters in Beijing on Thursday. The International Monetary Fund’s Executive Board decided t... More »
NEW YORKWells Fargo & Co will likely need to issue an additional $20 billion to $40 billion of long-term debt to comply with new rules designed to help banks better weather a crisis, Chief Financial Officer John Shrewsberry said on Friday. The debt issuance wo... More »
LOS ANGELES A new study by student lender Sallie Mae found the average amount spent on college education in the United States jumped for the first time in five years, thanks to greater outlays from high-income families and parental readiness to spend more. Fam... More »
