Japan should set a “well-articulated” target to reduce government debt that is already the largest in the world, according to Moody’s Investors Service. “Deficit reduction and a debt target would help support a rating,” Moody’s Senior Vice President Thomas J. Byrne said Tuesday in Singapore. “Things we are most concerned about are the lack of well-articulated long-term fiscal consolidation and a …
Icahn Seeks to Block CIT Debt Swap With Retail Offer (Update2) (Bloomberg)
Oct. 27 (Bloomberg) — Carl Icahn , who says he’s the largest bondholder of CIT Group Inc. with $2 billion of debt, is offering to limit the downside for smaller noteholders if they support him in opposing the lender’s $30 billion debt exchange.
Argentina Files Annual SEC Report As Part Of Debt Plan (Nasdaq)
BUENOS AIRES -(Dow Jones)- The Argentine government filed an annual report with the U.S. Securities and Exchange Commission Tuesday as part of a requirement to restructure billions of dollars in defaulted debt.
Icahn offers to buy outstanding CIT Group debt (AP via Yahoo! News)
Billionaire investor Carl Icahn offered Tuesday to buy certain classes of debt from CIT Group Inc. bondholders as he tries to thwart a restructuring plan by the commercial lender.
Dubai Said to Restrict Planned Bond to Islamic Debt (Update1) (Bloomberg)
Oct. 27 (Bloomberg) — Dubai plans to limit its first international debt sale in 18 months to Islamic bonds after setting up a $6.5 billion program to sell medium-term notes, according to a banker involved in the deal.
Investor Icahn offers to buy CIT Group debt if bondholders agree …
Billionaire investor Carl Icahn offered Tuesday to buy bonds from CIT Group Inc.’s smaller bondholders at a discount as he tries to thwart a restructuring plan by the commercial lender.
Icahn offers to buy outstanding CIT Group debt (San Francisco Chronicle)
Billionaire investor Carl Icahn offered Tuesday to buy certain classes of debt from CIT Group Inc. bondholders as he tries to thwart a restructuring plan by the commercial lender. Icahn said in a letter he will pay those bondholders 60 cents on the dollar for… Sponsored Topics: CitGroup – CarlIcahn – Loan – Debt – Business
White House projects bigger deficits, bigger debt (USA Today)
The U.S. government faces exploding deficits and mounting debt over the next decade, White House and congressional budget officials projected Tuesday in competing but similar economic forecasts.
White House projects bigger deficits, bigger debt (AP via Yahoo! News)
The federal government faces exploding deficits and mounting debt over the next decade, White House officials predicted Tuesday in a fiscal assessment far bleaker than what the Obama administration had estimated just a few months ago.
Two-thirds of Haiti's total debt, or $1.2B, forgiven by financial …
billion in debt relief approved for HaitiMIAMI — Roughly two-thirds of Haiti’s total debt was cancelled Tuesday when three organizations that provide financial assistance to poor countries announced they’re forgiving $1.2 billion of …
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