HONG KONG, Oct 8 (Reuters) – Indonesian and Philippine bonds hit record highs on Thursday and the cost of insuring their debt tumbled after a surprise profit announcement from aluminum maker Alcoa Inc stoked investors’ appetite for risky assets.
Going Green to Get Out of Debt (ABC News)
ABC’s Jerika Richardson reports from New York: In an effort to help save some of the world’s disappearing tropical forests the United States is offering Indonesia some much needed debt relief. Today, the Indonesian government signed a “debt-for-nature swap agreement”…
US to reduce Indonesian debt by $30 million in exchange for forest …
US cuts Indonesian debt for forest protectionJAKARTA, Indonesia — Indonesia committed to the conservation of its dwindling tropical forests in a multimillion dollar debt-swap deal signed Tuesday with the American government, …
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