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.
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.
Greek debt trouble weighs on finance ministers (AP via Yahoo! News)
Worries over Greece’s swelling debt will dominate two days of talks between European Union finance ministers that started Monday, as the euro fell to a ten-day low against the dollar.
Abu Dhabi rides in to rescue Dubai from debt crisis (Times Online)
Abu Dhabi is this weekend putting together a rescue package for Dubai, its debt-laden Gulf neighbour, in an attempt to restore calm in panicked international markets.
Most U.S. Stocks Retreat on Concern Dubai Will Default on Debt (Bloomberg)
Nov. 28 (Bloomberg) — Most U.S. stocks fell this week as speculation Dubai will default on its debt spurred concern that the recovery in the global financial system will stall, overshadowing fewer American jobless claims and more home sales.
U.A.E. Central Bank May Guarantee Dubai World Debt (Fox News)
U.A.E. Central Bank May Guarantee Dubai World Debt
Dubai ruler’s dream turns to debt nightmare (AFP via Yahoo! News)
Dubai ruler Sheikh Mohammad bin Rashed al-Maktoum, who put his desert emirate onto the world map with a rapid development drive, now faces a debt crisis that could wreck his dream.
Russia Rusal agrees half foreign debt restructuring
United Company Rusal, the world’s top aluminium producer, said on Monday international banks had agreed to restructure half its $7,3-billion in debt and it hoped to have it all renegotiated by the Oct 30 deadline.
Nabors Looking at Acquisitions After Paying Down Debt (Update1) (Bloomberg)
Oct. 21 (Bloomberg) — Nabors Industries Ltd. , the world’s largest onshore oil and natural-gas driller, said it’s looking for acquisitions after paying down debt earlier this year.
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