Posted on December 17, 2010 by
Spain’s public debt rose to a 10-year record and bad bank loans struck a 14-year high, central bank figures showed Friday, as the country battles market fears it may be the next to seek a bailout.
Continue ReadingPosted on November 26, 2010 by
Europe struggled mightily Friday to keep the debt crisis from engulfing country after country.
Continue ReadingPosted on April 23, 2010 by
Greece appealed on Friday for tens of billions of euros in unprecedented help from the EU and IMF to end its debt crisis but Germany warned that aid would only come if the euro was threatened.
Continue ReadingPosted on March 26, 2010 by
The Obama administration on Friday announced a $14 billion effort to try to stem a rising tide of home foreclosures by giving lenders incentives to erase some mortgage debt and slash mortgage payments for the unemployed.
Continue ReadingPosted on February 20, 2010 by
Private equity giant Blackstone Group has come to an agreement to restructure its Hilton hotels chain debt, a source familiar with the situation said on Friday.
Continue ReadingPosted on February 12, 2010 by
Greece’s economy shrank more than feared last quarter and the government on Friday sharply revised down its figures for the previous three quarters as well, increasing doubts about its ability to resolve its debt crisis.
Continue ReadingPosted on February 5, 2010 by
Europe’s deepening debt crisis leapt to the top of the agenda of a meeting of G7 rich country finance leaders in the Canadian Arctic on Friday amid fears that Greece’s fiscal sickness was spreading.
Continue ReadingPosted on January 8, 2010 by
A judge Friday halted Argentina’s plan to use $6.5 billion in reserves to pay the country’s debt — the issue in a feud between President Cristina Fernandez de Kirchner and the central bank president she fired for trying to stop the procedure.
Continue ReadingPosted on November 22, 2009 by
TORONTO — Rogers Communications Inc. filed a preliminary prospectus on Friday that would allow the Toronto-based media and cable company to raise as much as $4-billion in debt securities
Continue ReadingPosted on November 6, 2009 by
IBM Corp. on Friday made an offer to certain debt holders to swap their long-term debt with bonds carrying a lower interest rate plus cash in a move to save money and bolster its balance sheet.
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