Hynix Plans to Repay More Than 1 Trillion Won in Debt (Update1) (BusinessWeek)

Hynix Semiconductor Inc., the world’s second-largest maker of computer-memory chips, plans to repay more than 1 trillion won ($888 million) in debt this year as a shortage in the industry may help the company post its biggest profit in four years.

Treasury Delay on Bank Home-Equity Debt Imperils Housing Pickup (Bloomberg)

Jan. 19 (Bloomberg) — The U.S. Treasury Department has failed to win agreements to get struggling borrowers’ home- equity debt reworked, among the biggest roadblocks to reducing foreclosures that may reach a record 3 million this year.

Treasury Delay on Bank Home-Equity Debt Imperils Housing Pickup (Bloomberg)

Jan. 19 (Bloomberg) — The U.S. Treasury Department has failed to win agreements to get struggling borrowers’ home- equity debt reworked, among the biggest roadblocks to reducing foreclosures that may reach a record 3 million this year.

Debt Repayment Plan Sparks Fiery Debate In Iceland (NPR)

Last week, Iceland’s president refused to sign a controversial bill to repay a $5 billion debt to Britain and the Netherlands, incurred when three Icelandic banks went belly up in October 2008. Now, the public may get to vote in a referendum.