Posted on January 16, 2011 by
The Congress must allow the country to borrow more to avoid a debt default that would wreak havoc on financial markets and imperil the U.S. economy, Democratic and Republican lawmakers said on Sunday.
Continue ReadingPosted on January 3, 2011 by
Washington — If Congress does not raise the debt ceiling, the result could be “catastrophic” for the American economy, Austan Goolsbee, chairman of the Council for Economic Advisers, said Sunday.
Continue ReadingPosted on December 6, 2010 by
The 18th Forbes Cruise for Investors sailed to a finish on Sunday. On Saturday, we heard a pair of s
Continue ReadingPosted on November 28, 2010 by
Debt-laden Dubai is looking into a possible privatisation of public sector firms and offloading international assets, but is waiting for the right time for a good return, officials said on Sunday.
Continue ReadingPosted on November 14, 2010 by
Baby boomers withdrawing funds from Social Security , Medicare and Medicaid are going to “crush the system” in a matter of years, a member of President Obama’s blue-ribbon commission on the debt warned Sunday.
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 May 9, 2010 by
European Union finance ministers called for strong action to ensure stability before they met on Sunday to discuss ways of ring-fencing Greece’s debt crisis to stop it spreading to countries like Portugal and Spain.
Continue ReadingPosted on December 20, 2009 by
Dubai, set to ask creditors for a standstill on restructuring some $22 billion in debt linked to troubled conglomerate Dubai World , may still repay lenders in full, a local newspaper said on Sunday, citing unnamed sources.
Continue ReadingPosted on November 15, 2009 by
DUBAI — Kuwait’s Investment Dar, the Islamic financial firm that owns half of British luxury carmaker Aston Martin, plans to present a proposed debt restructuring plan to creditors this month, the company said Sunday.
Continue ReadingPosted on July 19, 2009 by
PROPERTY developer Liam Carroll may sell assets including his stakes in Greencore Group and Irish Continental Group to help refinance more than €1bn in debt, the Sunday Business Post reported yesterday, without citing its source.
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