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Greece pleads for debt aid, Germany sets conditions
Posted by on Apr 23rd, 2010Greece 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.
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Obama housing plan seeks to reduce mortgage debt
Posted by on Mar 26th, 2010The 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.
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Blackstone, Hilton lenders agree on debt: source
Posted by on Feb 20th, 2010Private 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.
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Greek slump threatens debt plan, EU aid elusive
Posted by on Feb 12th, 2010Greece’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.
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G7 meets in Arctic with euro debt woes top of agenda
Posted by on Feb 5th, 2010Europe’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.
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Judge steps into Argentina debt controversy
Posted by on Jan 8th, 2010A 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.
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Rogers paves way for raising of up to $4B in debt securities
Posted by on Nov 22nd, 2009TORONTO — 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
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IBM offers to swap higher-interest debt
Posted by on Nov 6th, 2009IBM 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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IBM offers to swap higher-interest debt
Posted by on Nov 6th, 2009IBM 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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Tata raises $750 mln, will repay takeover debt
Posted by on Oct 9th, 2009India’s top vehicle maker Tata Motors raised 750 million dollars on Friday from investors and said it would use the funds to repay debt from the purchase of British car icons Jaguar and Land Rover.