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.
Mark Wadsworth: Debt for equity swap of the week
The deal, believed to be the biggest of its kind, is expected to help stabilise some debt markets by setting a floor for prices for securities that are often hard to value. The bank said in a regulatory filing that the offer covered 27 …
Petronas $4.5 Billion Bond Sale Shows Appetite for Energy Debt (Bloomberg)
Aug. 6 (Bloomberg) — Petroliam Nasional Bhd. ’s $4.5 billion bond sale, the biggest dollar issue by an Asian company outside Japan this year, signals a growing appetite for debt sold by the region’s state-owned energy companies.
Japanese Bond Futures Fall as Stock Gains Damp Demand for Debt (Bloomberg)
Aug. 6 (Bloomberg) — Japanese bond futures fell to match a six-week low as the Nikkei 225 Stock Average rose the most this week, damping demand for the relative safety of government debt.
Debt Burden Quickens Power Shift as G-8 Loses Clout (Update2) (Bloomberg)
July 7 (Bloomberg) — The world’s most affluent nations will take decades to work off the biggest buildup in debt since World War II. The political costs may be permanent, laid bare at this week’s Group of Eight summit of leading industrial powers.
Brazil Creating ‘Champions’ With $58 Billion Loans: Week Ahead (Bloomberg)
May 11 (Bloomberg) — Brazil’s state development bank is financing the biggest acquisitions in the country as other sources of credit dry up, driving a consolidation in the meat, ethanol, paper and telecom industries.
Recent Comments