Government debt http://www.globalpost.com/taxonomy/term/23049/all en GLOBAL MARKETS-U.S. fiscal deal prompts rally in stocks, commodities http://www.globalpost.com/dispatch/news/thomson-reuters/130103/global-markets-us-fiscal-deal-prompts-rally-stocks-commodities <p>* Global shares jump after U.S. Congress passes budget deal * Dollar down, euro rises on increase in risk appetite * Oil jumps as commodities join rally in risky assets By Ryan Vlastelica NEW YORK, Jan 2 (Reuters) - Global stock surged while commodities rallied on Wednesday after U.S. legislators struck a deal to halt a round of automatic fiscal tightening that threatened to push the world's largest economy into recession. The deal reached on Tuesday to avert the "fiscal cliff" put off the immediate pain of income tax hikes for almost all U.S.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130103/global-markets-us-fiscal-deal-prompts-rally-stocks-commodities" target="_blank">read more</a></p> Bond Business Company Location Economic history Economics Economy of the European Union Economy of the United States Euro Financial economics Foreign exchange market Futures contract Government debt Politics Quotation USD Yield curve Thomson Reuters Thu, 03 Jan 2013 15:49:34 +0000 5730978 at http://www.globalpost.com UPDATE 2-Spain kicks off tough 2013 with strong bond sale http://www.globalpost.com/dispatch/news/thomson-reuters/130110/update-2-spain-kicks-tough-2013-strong-bond-sale <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* Raises above-target 5.8 bln eur at lower yields</p> <p>* Foreign buyers focus on 2026 bond, says market maker</p> <p>* Benchmark 10-year Spanish bond yield dips back below 5 pct</p> <p>By Manuel MarĂ­a Ruiz</p> <p>MADRID, Jan 10 (Reuters) - Recession-hit Spain kicked off a tough 2013 funding programme on Thursday with a well-received debt auction that raised 5.8 billion euros, selling above its target range at lower borrowing costs.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130110/update-2-spain-kicks-tough-2013-strong-bond-sale" target="_blank">read more</a></p> Business Economic history Economics Government debt Social Issues Thomson Reuters Thu, 10 Jan 2013 15:01:13 +0000 Thomson Reuters 5732654 at http://www.globalpost.com GLOBAL MARKETS-Shares stall, Treasuries up on US debt ceiling fears http://www.globalpost.com/dispatch/news/thomson-reuters/130115/global-markets-shares-stall-treasuries-us-debt-ceiling-fears <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* U.S. debt ceiling gridlock weighs on sentiment</p> <p>* MSCI world index stalled near 18 month highs</p> <p>* Yen up after minister warns on excessive weakness</p> <p>By Richard Hubbard</p> <p>LONDON, Jan 15 (Reuters) - World shares stalled near 18-month highs and safe-haven U.S. Treasuries rose on Tuesday as a looming battle in Washington over the government's borrowing limit and a recovery in the Japanese yen eased demand for riskier assets.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130115/global-markets-shares-stall-treasuries-us-debt-ceiling-fears" target="_blank">read more</a></p> Business Economics Economy of the United States Government debt Thomson Reuters Tue, 15 Jan 2013 09:45:16 +0000 Thomson Reuters 5734585 at http://www.globalpost.com CORRECTED-UPDATE 1-Bank of Italy sees gloom deepening for economy http://www.globalpost.com/dispatch/news/thomson-reuters/130118/update-1-bank-italy-sees-gloom-deepening-economy <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>(Corrects paragraph 3 to show recession began in third quarter 2011, not first quarter)</p> <p>* Central bank slashes 2013 GDP view to -1.0 pct from -0.2</p> <p>* Expects only 0.7 pct economic growth in 2014</p> <p>* Report highlights economic challenges facing next government</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130118/update-1-bank-italy-sees-gloom-deepening-economy" target="_blank">read more</a></p> Debt-to-GDP ratio Economic history Economics Entertainment Government debt Politics Recessions Thomson Reuters Fri, 18 Jan 2013 13:45:53 +0000 Thomson Reuters 5736126 at http://www.globalpost.com UPDATE 3-Bank of Italy sees gloom deepening for economy http://www.globalpost.com/dispatch/news/thomson-reuters/130118/update-2-bank-italy-sees-gloom-deepening-economy <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* Central bank cuts 2013 GDP view to -1.0 pct from -0.2</p> <p>* Expects only 0.7 pct economic growth in 2014</p> <p>* Sees 2012 budget deficit at about 3 pct of GDP</p> <p>* Bad news for PM Monti, highlights challenges for next govt</p> <p>By James Mackenzie</p> <p>ROME, Jan 18 (Reuters) - Italy's central bank cut its forecast for the country's shrinking economy on Friday, as tight credit conditions and a gloomy international backdrop darken the domestic outlook before a national election in February.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130118/update-2-bank-italy-sees-gloom-deepening-economy" target="_blank">read more</a></p> Debt-to-GDP ratio Economics Entertainment Government Government debt Politics Thomson Reuters Fri, 18 Jan 2013 17:15:49 +0000 Thomson Reuters 5736248 at http://www.globalpost.com GLOBAL MARKETS-Equities climb on strong earnings, yen steadies http://www.globalpost.com/dispatch/news/thomson-reuters/130123/global-markets-equities-climb-strong-earnings-yen-steadies <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* U.S. stocks advance, techs up; Apple results due after close</p> <p>* IBM up on earnings, outlook; S&amp;P 500, Dow industrials at 5-yr highs</p> <p>* Yen steadies after two-day gain against the dollar</p> <p>* Gold slips as U.S. debt talks make progress</p> <p>By Ellen Freilich</p> <p>NEW YORK, Jan 23 (Reuters) - U.S. and European stocks rose on Wednesday, propelled by strong earnings reports and the extension of the U.S. debt ceiling.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130123/global-markets-equities-climb-strong-earnings-yen-steadies" target="_blank">read more</a></p> Dow Jones & Company Economics Government debt Technology Thomson Reuters Wed, 23 Jan 2013 22:16:04 +0000 Thomson Reuters 5738580 at http://www.globalpost.com Myanmar says Paris Club agreed big debt write-off http://www.globalpost.com/dispatch/news/thomson-reuters/130127/myanmar-says-paris-club-agreed-big-debt-write <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>BANGKOK, Jan 28 (Reuters) - The Paris Club of creditor countries has agreed to cancel half of the arrears owed to it by Myanmar, and individual countries have offered big debt cancellations, giving total debt relief of about $6 billion, Myanmar's government said on Monday.</p> <p>Norway has cancelled all the $534 million owed to it, while Japan is cancelling more than $3 billion, it said.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130127/myanmar-says-paris-club-agreed-big-debt-write" target="_blank">read more</a></p> Debt Economics Government debt Technology Thomson Reuters Mon, 28 Jan 2013 02:45:39 +0000 Thomson Reuters 5740324 at http://www.globalpost.com GLOBAL MARKETS-Asian shares gain on global recovery outlook http://www.globalpost.com/dispatch/news/thomson-reuters/130129/global-markets-asian-shares-inch-caution-over-earnings-fed <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* MSCI Asia ex-Japan rises to near 18-month high, energy sector leads</p> <p>* Copper hits near three-week high, lifts Australian shares</p> <p>* Nikkei soars over 2 pct as yen stays pressured</p> <p>* Fed's statement awaited for clues on asset-buying program</p> <p>* European shares seen pausing from rally to 2-year highs</p> <p>By Chikako Mogi</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130129/global-markets-asian-shares-inch-caution-over-earnings-fed" target="_blank">read more</a></p> Business Economics Entertainment Government debt Inflation Japanese yen Thomson Reuters Wed, 30 Jan 2013 01:00:04 +0000 Thomson Reuters 5741317 at http://www.globalpost.com Greece borrows 812.5 mn euros, rate dips slightly http://www.globalpost.com/dispatch/news/afp/130205/greece-borrows-8125-mn-euros-rate-dips-slightly <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Greece raised 812.5 million euros ($1.0 billion) on Tuesday in six-month treasury bills, at a slightly reduced rate of 4.27 percent, the public debt management agency said.</p> <p>"Total bids reached 1.053 million euros and the amount finally accepted was 812.5 million," the agency said in a statement, with the rate paid to investors down from the 4.3 percent at the previous six-month treasury bill auction.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130205/greece-borrows-8125-mn-euros-rate-dips-slightly" target="_blank">read more</a></p> EUR Fiscal policy Government debt Late-2000s financial crisis AFP Tue, 05 Feb 2013 11:46:06 +0000 Agence France-Presse 5746255 at http://www.globalpost.com IMF urges support for Jamaica debt swap http://www.globalpost.com/dispatch/news/afp/130212/imf-urges-support-jamaica-debt-swap <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>The International Monetary Fund on Tuesday urged Jamaica's domestic creditors to join a new debt-swap program to help reduce the government's deficit and open the way for IMF financial support.</p> <p>IMF mission chief in Jamaica Jan Kees Martijn welcomed the debt-swap program announced late Monday in Kingston, calling it "an important element aimed at helping to put public debt firmly on a downward trajectory."</p> <p>"A successful debt exchange will require high participation from creditors to help secure financing assurances for a Fund-supported program," he said in a statement. </p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130212/imf-urges-support-jamaica-debt-swap" target="_blank">read more</a></p> Economics Fiscal policy Government debt Technology AFP Tue, 12 Feb 2013 17:00:24 +0000 Agence France-Presse 5753689 at http://www.globalpost.com Hungary returns to bond market after IMF talks stall http://www.globalpost.com/dispatch/news/afp/130213/hungary-returns-bond-market-after-imf-talks-stall-0 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Hungary borrowed $3.25 billion (2.5 billion euros) in a return to the bond market late on Tuesday after almost two years.</p> <p>In Hungary's first bond sale since May 2011 and the recent breakdown in its talks with the International Monetary Fund, Hungary sold $1.25 billion of 5-year bonds at 335 basis points (3.35 percentage points) over the corresponding US Treasury yields.</p> <p>It also raised $2 billion with 10-year notes at 345 basis points over the benchmark, Laszlo Andras Borbely deputy head of the government debt management agency AKK, said on Wednesday. </p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130213/hungary-returns-bond-market-after-imf-talks-stall-0" target="_blank">read more</a></p> Economics Government bonds Government debt Politics AFP Wed, 13 Feb 2013 13:45:52 +0000 Agence France-Presse 5754366 at http://www.globalpost.com Mexico ruling party offers light touch on growing state debt http://www.globalpost.com/dispatch/news/thomson-reuters/130213/mexico-ruling-party-offers-light-touch-growing-state-debt <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* Bill would create voluntary system to rein in state debt</p> <p>* Opposition demanding lawmakers set debt limits</p> <p>* Debate on bill may set tone for coming economic reforms</p> <p>By Michael O'Boyle</p> <p>MEXICO CITY, Feb 12 (Reuters) - Mexico's ruling party on Tuesday submitted a bill to limit the growth of state debt through a voluntary framework that falls short of opposition demands for direct regulation by the Senate.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130213/mexico-ruling-party-offers-light-touch-growing-state-debt" target="_blank">read more</a></p> Fiscal policy Government debt Institutional Revolutionary Party Politics Thomson Reuters Wed, 13 Feb 2013 14:31:29 +0000 Thomson Reuters 5754425 at http://www.globalpost.com Italy's recession-struck economy in facts and figures http://www.globalpost.com/dispatch/news/afp/130216/italys-recession-struck-economy-facts-and-figures <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>The future of Italy's economy and the social costs of austerity have taken centre stage as Italians prepare to go to the polls next week for an election in which the outcome is far from certain.</p> <p>Here are a few facts and figures on Italy, the third biggest economy in the eurozone after Germany and France and a founding member of the euro area:</p> <p>GDP: Gross domestic product shrank by 2.2 percent last year, according to official estimates released this month, and the economy has contracted for the last six consecutive quarters making this the longest recession in 20 years.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130216/italys-recession-struck-economy-facts-and-figures" target="_blank">read more</a></p> Economy of the European Union Entertainment European Union Government debt Technology AFP Sun, 17 Feb 2013 02:45:30 +0000 Agence France-Presse 5757925 at http://www.globalpost.com Greece's National Bank completes Eurobank buyout swap http://www.globalpost.com/dispatch/news/afp/130218/greeces-national-bank-completes-eurobank-buyout-swap <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Greek lender National Bank (NBG) on Monday said it had completed a buyout offer for rival Eurobank to create "the country's largest bank group".</p> <p>Over 64,000 Eurobank shareholders had agreed to swap their shares, enabling NBG to garner about 84 percent of the smaller bank's stock, NBG said.</p> <p>"National Bank and Eurobank are uniting their forces to create the country's largest bank group which will be able to successfully meet the challenges to Greece's monetary and credit system," NBG's chief operating officer Alexandros Tourkolias said in a statement.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130218/greeces-national-bank-completes-eurobank-buyout-swap" target="_blank">read more</a></p> Business Fiscal policy Government debt AFP Mon, 18 Feb 2013 17:00:30 +0000 Agence France-Presse 5759141 at http://www.globalpost.com GLOBAL MARKETS-Shares, euro hit by weak economic data, Italian elections http://www.globalpost.com/dispatch/news/thomson-reuters/130221/global-markets-shares-euro-hit-weak-economic-data-italian-elect <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* Euro zone PMI deals blow to economic recovery hopes * Italian elections cast doubt on reform program * US economic data suggest Fed easing still needed * Euro hits 6-week low vs dollar, 3-week low vs yen * Brent crude hits three-week low By Angela Moon NEW YORK, Feb 21 (Reuters) - Major stock markets fell for a second day and the euro slid to a six-week low against the U.S. dollar on Thursday after data that showed weak economic growth in both Europe and the United States.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130221/global-markets-shares-euro-hit-weak-economic-data-italian-elect" target="_blank">read more</a></p> Economy of the European Union European Union Government debt Thomson Reuters Thu, 21 Feb 2013 19:45:30 +0000 Thomson Reuters 5762545 at http://www.globalpost.com