Posts Categorized: Debt

Russia More Than Doubles Domestic Debt Plans to Fund Gap

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Russia, which scrapped a $7 billion Eurobond sale this year, plans to more than double its annual domestic borrowing program in the next three years from the current level to finance the budget deficit. The government will borrow 1 trillion rubles ($29 billion) to 1.1 trillion rubles a year on the local market, up from […]

Puerto Rico’s Downgrade Shows Debt Law Can’t Contain Rot

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A law allowing some Puerto Rico government entities to restructure debt outside bankruptcy failed to contain a crisis as its credit rating was cut three levels, imperiling the US commonwealth’s ability to finance itself. The island’s electric authority, which could shed some of its $8.6 billion in debt by making creditors accept losses, said yesterday […]

Duncan on Ratings and Debt

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ASPEN, Colo. — Like many of his predecessors, Education Secretary Arne Duncan is known mostly as a K-12 person; thats his background and clearly his passion, and much of the departments work is in what happens to students before they get to college. And not surprisingly, as a result, his public speeches and statements tend […]

Debt Settlement Deals Come With Big Risks

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A study from the Washington, DC-based Center for Responsible Lending clarifies the risk associated with the deals, especially when working with third-part debt settlement companies, and concludes that such deals represent a risky strategy for consumers that often leaves them more financially vulnerable. Also see: Bank Savings Low, Americans Dip Into Retirement Savings

Record Bond Sales Show Li Focused on GDP Over Debt: China Credit

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China’s Premier Li Keqiang has promised to cut credit while also meeting a 7.5 percent economic growth target. Record bond sales last quarter show which pledge he’s prioritizing. Issuance jumped 54 percent from the previous three months to 1.55 trillion yuan ($250 billion), the most in data compiled by Bloomberg. Yields on two-year AAA rated […]

Investors Are Ignoring The Emerging Market Debt Warning Signs

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Investors can be as greedy for yield as they can be for capital appreciation, and so far this cycle has fit that historical norm. Despite the perceived safety of income-producing securities, investors have begun to stretch for higher yields and, in doing so, seem to be taking substantial and unanticipated risks. At RBA, we search […]

Your debt collection rights and handy resources: Plain Dealing

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This Plain Dealing guide to debtcollection will give you a general idea of what debt collectors can and cant do and get you to helpful resources. Have a debt collection problem youre not sure how to handle? Join our live chat at noon Thursday to talk with experts. (See below for ways you canparticipate.) In […]

Argentine Leader Says She Won’t Honor $1.3 Billion In Debt After Supreme …

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Argentine President Cristina Fernandez said her country wont honor its debt to various hedge funds even after the Supreme Courts refusal to hear the case Monday. BREAKING: Argentine leader says she wont honor $1.3 billion debt ruling despite US Supreme Court loss The Associated Press (@AP) June 17, 2014 At issue is whether Argentina is […]

EU watchdog blasts banks’ hybrid debt sales practices

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* EBAs Enria sees aggressive sales tactics at banks By Huw Jones LONDON, June 4 (Reuters) – Banks are giving retail customers poor or misleading information about risks from investing in new forms of hybrid debt for tapping in a crisis, a top European Union regulator said on Wednesday. Banks across the 28-country bloc are […]