Posted on June 17, 2011 by
Spanish public debt hit a 13-year high in the first quarter of 2011 and shattered a key European Union ceiling designed to ensure strong state finances, Bank of Spain figures showed Friday.
Continue ReadingPosted on March 25, 2011 by
This week, debt felled another European leader as Portugal’s prime minister resigned. But the euro currency did not tumble.
Continue ReadingPosted on May 29, 2010 by
Greece will not restructure its debt and will not need more cuts to achieve fiscal targets set in the emergency funding programme it agreed with the European Union and the IMF, its finance minister told a Sunday paper.
Continue ReadingPosted on April 15, 2010 by
GREECE QUESTIONS: Interest rates dropped in the bond market Thursday on renewed concerns that a bailout for Greece might not be enough to prevent the country from defaulting on its debt.
Continue ReadingPosted on February 18, 2010 by
The Greek press has started naming names as it looks for the culprits betting against its debt and the euro, and its accusation has been taken up by the blogosphere.
Continue ReadingPosted on September 10, 2009 by
Muzak Holdings said Thursday it has filed a bankruptcy reorganization plan that has the support of its biggest lenders and would cut its debt by more than half.
Continue ReadingPosted on August 30, 2009 by
Aug. 30 — Africa Israel Investments Ltd.
Continue ReadingPosted on August 26, 2009 by
The Mashantucket Pequot Tribal Nation, the owner of the Foxwoods Resort Casino in Ledyard, Conn., said on Wednesday that it is seeking to restructure its debt, as casinos worldwide grapple with slumping business.
Continue ReadingPosted on June 19, 2009 by
The state of California is facing a “multi-notch” downgrade of its debt if it fails to resolve its enormous budget woes, Moody’s Investors Service said Friday.
Continue ReadingPosted on June 11, 2009 by
Ford will likely trade more of its debt for equity and sell more common stock, so it can improve its balance sheet until the company can become profitable in 2011, CEO Alan Mulally said Thursday.
Continue Reading
