Oct. 21 (Bloomberg) — Federal Reserve Bank of Dallas President Richard Fisher said the U.S. must return to fiscal sustainability to avoid flooding the market with excessive government debt.
National debt kept at 57.6% of GDP (Manila Bulletin)
Finance Secretary Margarito B. Teves said the government is keeping its national debt estimate of 57.6 percent of gross domestic product (GDP) for this year but raised its 2010 debt ceiling to 56.9 percent of GDP or P4.746 trillion from an earlier target of 55.8 percent.
Buffett says unchecked U.S. debt threatens economy: report (Reuters via Yahoo! News)
Billionaire investor Warren Buffett said the U.S. economy has avoided a meltdown and appears on a slow path to recovery, but Congress must now deal with enormous amounts of debt that threaten to erode U.S. purchasing power.
Emaar’s Merged Entity to Have $3.65 Billion in Debt (Update1) (Bloomberg)
June 28 (Bloomberg) — Emaar Properties PJSC , the Middle East’s largest real-estate developer, said the entity created by its merger with three state-controlled competitors will have 13.4 billion dirhams ($3.65 billion) in debt obligations. Emaar shares dropped the most since November.
Molson Coors open to debt for deals (Denver Post)
Molson Coors president and chief executive Peter Swinburn said the company is willing to take on more debt for an acquisition of “reasonable” size, should the opportunity arise.
Recent Comments