Puerto Rico will miss a payment on debt due Aug. 1, the governor’s chief of staff said on Friday, an event that will be considered a default by investors as the commonwealth lurches towards what could be one of the largest U.S. municipal debt restructurings in history. The missed payment will...
Chances are, you know some college graduates with student loan debt. Perhaps you're one of them. It's always better to be the lender than it is to be the borrower, and this has never been more true than when it comes to student loans. Show More Summary
``The Washington-based lender's management won't support a new loan program unless Greece's debt is sustainable in the medium term and the country's budget is fully financed for 12 months, an IMF official told reporters Thursday on a conference call. The official spoke on condition of anonymity.''
The next 24 hours are dire for Puerto Rico and investors in its bonds. That’s because one of the island Commonwealth’s major debt issuers is about to default on a $58 million bond payment that is due Saturday, August 1. In an article...Show More Summary
In a Bankruptcy Court papers, Brian Kushner, the chief restructuring officer for Relativity, listed the secured debt that pushed the company toward the voluntary filing.
So it looks like Puerto Rico has some fun weekend plans. After months of staggering under its $72 billion debt load, the island is expected to miss a bond payment due Saturday, which—despite what some government officials have claimed—means the island is probably heading for default. Show More Summary
Anti-hedge fund protestors accusing "vultures" of profiting from a debt crisis? The president of Argentina presumably likes what she sees.
Tourists at the Acropolis Museum. Creative Commons image via/brownpau Facing a staggeringly high unemployment rate of 26.5 percent (Eurostat) and economic uncertainty stemming from the debt crisis, there's no doubt that Greeks have plenty of issues on their mind....
Integral Ad Science, the New York-based tech company that describes itself as "the leader in quantifying digital media quality" has raised $67 million: $27 million in venture funding from Sapphire Ventures and $40 million in debt financing from Silicon Valley Bank. Show More Summary
There are more than a million people at least nine months behind on their student loan payments. They face the threat of the government withholding money from their paychecks, social security or tax refund. They may have a hard time getting a mortgage, buying a car or even a job. But the colleges that encouraged them to […]
Links to the best reading for funds investors: Leveraged closed-end debt funds are having a bad time — Lisa Abramowicz, Bloomberg It was the worst month in six years for Chinese stocks – David Barboza, New York Times But China’s stock market has been wild for 25 years – Chao Deng, The Wall Street Journal [...]
For many young people, heavier debts and a flimsier financial profile can add up to a lower score
Why you should look hard at the rationales and motives of ratings agencies like S&P in giving sovereign debt downgrades.
LONDON (Reuters) - The Chinese slowdown is forcing many Western companies to take a hard look at their businesses there, leading many to reduce investments, costs and product lines and to tackle increasing bad debts. Double digit growth rates during the first decade of the millennium lured scores of Western companies to invest heavily in China. Show More Summary
Athens (AFP) - Greece's main stock exchange in Athens will reopen on Monday after being closed for five weeks by the Greek debt crisis after the government imposed capital controls, a finance ministry source told AFP. "The ministry's...Show More Summary
Fleeing the banks for fear of losing their euro deposits, many Greeks have stashed cash and valuables under the proverbial mattress, making them vulnerable to thieves.
When you take Apple’s debt, cash to run the business and additional taxes on overseas profits into account it decreases the positive impact of $200 billion.
When banks invest heavily in sovereign debt, and in domestic sovereign debt in particular, the result is a debt home bias. This column presents evidence of a partially voluntary and partially involuntary sovereign debt home bias among large European banks. Show More Summary
Once again the IMF is back in the news in regards to Greece. The IMF staff told the board of directors Greece Disqualified from New IMF Program. Yet, Germany insists IMF be a part of the program. The reason for the latter is Germany will have to pony up lots more money if the IMF is not involved. Show More Summary
California's disastrous environmental management practices have crippled the state to such an extent that it would have to have rain for a full year to offset the "rain debt" accumulated. read more