Debt http://www.globalpost.com/taxonomy/term/27134/all en US House Republicans seek vote on debt limit extension to May 19 http://www.globalpost.com/dispatch/news/thomson-reuters/130121/blank-headline-received-11 <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>WASHINGTON, Jan 21 (Reuters) - Republican leaders in the U.S. House of Representatives have scheduled a vote on Wednesday on a nearly four-month extension of U.S. borrowing capacity, but the bill does not specify a dollar amount.</p> <p>Legislative language released by the House Rules Committee on Monday said the bill aims "to ensure complete and timely payment of the obligations of the United States Government until May, 19, 2013."</p> Debt Thomson Reuters Mon, 21 Jan 2013 17:15:20 +0000 5737353 at http://www.globalpost.com Intimidating debt collectors push Britons to suicide - report http://www.globalpost.com/dispatch/news/thomson-reuters/130122/intimidating-debt-collectors-push-britons-suicide-report <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>By Costas Pitas</p> <p>LONDON, Jan 22 (Reuters) - Irresponsible lending and intimidating debt collectors are pushing thousands of people in Britain into depression and suicide, a report said on Wednesday and separate data showed more people are taking their own lives.</p> <p>Many people already struggling with the economic slowdown, wage freezes and benefit cuts were often overwhelmed by tactics used by some money lenders, including persistent phone calls and threatening letters, said the paper.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130122/intimidating-debt-collectors-push-britons-suicide-report" target="_blank">read more</a></p> Debt Office for National Statistics Social Issues Suicide Thomson Reuters Wed, 23 Jan 2013 00:30:42 +0000 5738090 at http://www.globalpost.com DVB Bank says holding Iranian ship in China over debt http://www.globalpost.com/dispatch/news/thomson-reuters/130125/dvb-bank-says-holding-iranian-ship-china-over-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--> Debt IRISL Group Thomson Reuters Fri, 25 Jan 2013 17:30:45 +0000 5739514 at http://www.globalpost.com UPDATE 2-Holdout creditors to U.S. court: Argentina must pay up http://www.globalpost.com/dispatch/news/thomson-reuters/130125/update-1-holdout-creditors-us-court-argentina-must-pay <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>* Holdout creditors say not an injustice to be paid</p> <p>* Argentina says case could threaten billions in debt</p> <p>* US appeals court showdown set for Feb. 27</p> <p>By Martha Graybow and Jonathan Stempel</p> <p>NEW YORK, Jan 25 (Reuters) - Investors who refused to join two sovereign debt restructurings by Argentina are urging a U.S. court to force the country to pay them, in a case whose outcome could make it much harder for emerging market countries facing cash crunches to borrow money.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130125/update-1-holdout-creditors-us-court-argentina-must-pay" target="_blank">read more</a></p> Debt Economics Financial economics Thomson Reuters Sat, 26 Jan 2013 00:45:03 +0000 5739718 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 5740324 at http://www.globalpost.com UPDATE 2-Myanmar debt deals clear way for new reform push http://www.globalpost.com/dispatch/news/thomson-reuters/130127/update-1-myanmar-gets-total-debt-relief-6-bln-aid-flows-set-ris <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>* Government says Paris Club deals worth $6 bln</p> <p>* Myanmar to stabilise economy, then seek "quick wins"</p> <p>* Japan helps it clear arrears to World Bank, ADB</p> <p>* Development banks now able to resume full lending</p> <p>* IMF also helping to craft economic policies (Recasts, adds more comments from government)</p> <p>By Martin Petty</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130127/update-1-myanmar-gets-total-debt-relief-6-bln-aid-flows-set-ris" target="_blank">read more</a></p> Banks Debt Economics Entertainment International economics Technology Thomson Reuters Mon, 28 Jan 2013 03:45:36 +0000 5740334 at http://www.globalpost.com UPDATE 1-US Treasury able to buy more time if debt limit returns http://www.globalpost.com/dispatch/news/thomson-reuters/130131/update-1-us-treasury-able-buy-more-time-if-debt-limit-returns <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>WASHINGTON, Jan 31 (Reuters) - The U.S. Treasury Department said it could redeploy emergency cash measures from May 19 if necessary to ensure the government could keep borrowing money, a Treasury official said on Thursday.</p> <p>A bill allowing the U.S. government to borrow money beyond its record $16.4 trillion debt limit won final Congressional approval earlier on Thursday. The bill, which needs to be signed by President Barack Obama, suspends the debt limit until May 19.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130131/update-1-us-treasury-able-buy-more-time-if-debt-limit-returns" target="_blank">read more</a></p> Business Debt Economy of the United States United States Department of the Treasury Thomson Reuters Fri, 01 Feb 2013 01:00:53 +0000 5742414 at http://www.globalpost.com IMF censures Argentina over poor economic data http://www.globalpost.com/dispatch/news/afp/130201/imf-censures-argentina-over-poor-economic-data-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>The International Monetary Fund censured Argentina on Friday for failing to supply accurate economic data, the first time ever that the Fund has taken such an action against a member.</p> <p>But the board appeared to set aside taking any stronger action for the rest of this year, giving Buenos Aires more time to repair its relations with the global crisis lender.</p> <p>The IMF Executive Board found that Argentina's efforts to meet its demands for better GDP and inflation data have "not been sufficient. As a result, the Fund has issued a declaration of censure against Argentina."</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130201/imf-censures-argentina-over-poor-economic-data-0" target="_blank">read more</a></p> Debt Economics International Monetary Fund International relations AFP Fri, 01 Feb 2013 22:00:54 +0000 5743624 at http://www.globalpost.com Argentina to launch new inflation data method http://www.globalpost.com/dispatch/news/afp/130203/argentina-launch-new-inflation-data-method <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>Argentina said Saturday it will start using a new method of measuring inflation after the International Monetary Fund censured Buenos Aires over the quality of its economic data.</p> <p>Economy Minister Hernan Lorenzino told C5N television that it would be "a new consumer price index to replace the current measure that has supposedly caused so many problems for the IMF."</p> <p>Lorenzino said that officials expect to begin using the new method starting in the last quarter of 2013.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130203/argentina-launch-new-inflation-data-method" target="_blank">read more</a></p> Argentine debt restructuring Debt Economics International Monetary Fund AFP Sun, 03 Feb 2013 07:19:15 +0000 5744342 at http://www.globalpost.com Advertising slump bankrupts Italy's Yellow Pages http://www.globalpost.com/dispatch/news/afp/130205/advertising-slump-bankrupts-italys-yellow-pages <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 firm that publishes Italy's Yellow Pages declared insolvency on Tuesday due to a slump in advertising, saying it could not honour 200 million euros ($271 million) in financial commitments this year.</p> <p>The telephone directory company, Seat, said in a statement after a board meeting that it could only generate cash flow of around 50 million euros to service its debt and had available liquidity of some 100 million euros.</p> <p>"The financial resources available are not sufficient to discharge the obligations due in 2013 under the current debt structure," it said.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130205/advertising-slump-bankrupts-italys-yellow-pages" target="_blank">read more</a></p> Debt EUR Insolvency AFP Tue, 05 Feb 2013 15:45:58 +0000 5746524 at http://www.globalpost.com FACTBOX-Financial woes in tiny Cyprus are big euro zone headache http://www.globalpost.com/dispatch/news/thomson-reuters/130217/factbox-financial-woes-tiny-cyprus-are-big-euro-zone-headache <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>NICOSIA, Feb 17 (Reuters) - Cypriots voted on Sunday to elect a new president who must negotiate a financial rescue package to keep the island nation from a bankruptcy that would reignite the euro zone debt crisis.</p> <p>A deal is proving tricky to nail down since virtually all options to avoid a Cypriot default are dead-end solutions or risk hurting investor sentiment in the euro zone just as confidence slowly returns to the bloc.</p> <p>Here are some of the options:</p> <p>BAILOUT LOAN</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130217/factbox-financial-woes-tiny-cyprus-are-big-euro-zone-headache" target="_blank">read more</a></p> Debt Economics Finance Thomson Reuters Sun, 17 Feb 2013 15:45:19 +0000 5758237 at http://www.globalpost.com S. Korea's external debt hits record high in 2012 http://www.globalpost.com/dispatch/news/afp/130219/s-koreas-external-debt-hits-record-high-2012 <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>South Korea's long-term external debt hit a record high in 2012 on steady foreign buying of local bonds, but its short-term debt fell to a six-year low, central bank data showed Wednesday.</p> <p>Total external liabilities stood at $413.4 billion at the end of 2012, up $14.7 billion from a year earlier, the Bank of Korea said.</p> <p>Last year foreign investors snapped up South Korean bonds that were made more attractive by aggressive monetary easing in major economies.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130219/s-koreas-external-debt-hits-record-high-2012" target="_blank">read more</a></p> Debt Economics Macroeconomics AFP Wed, 20 Feb 2013 04:45:22 +0000 5760699 at http://www.globalpost.com PREVIEW-Argentina, hedge funds set for US appeals court battle http://www.globalpost.com/dispatch/news/thomson-reuters/130221/preview-argentina-hedge-funds-set-us-appeals-court-battle <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>By Daniel Bases</p> <p>NEW YORK, Feb 21 (Reuters) - A long-awaited showdown in a U.S. appeals court next week pits Argentina against a group of investors who refused to swap their debt after the country's historic 2002 default.</p> <p>Argentina risks defaulting again, this time on $24 billion in restructured debt if it sticks to a vow never to comply with orders to pay so-called "holdouts" but still tries to pay the vast majority of investors who exchanged their bonds in 2005 and 2010.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130221/preview-argentina-hedge-funds-set-us-appeals-court-battle" target="_blank">read more</a></p> Bond Business Debt Economics Hospitality Law Politics Thomson Reuters Thu, 21 Feb 2013 18:15:22 +0000 5762448 at http://www.globalpost.com INTERVIEW-Cyprus election favourite in talks to secure bridge loan http://www.globalpost.com/dispatch/news/thomson-reuters/130221/interview-cyprus-election-favourite-talks-secure-bridge-loan <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>* Conservative chief says short-term loan may be needed</p> <p>* Anastasiades tipped to win Cyprus presidential runoff</p> <p>* Rules out debt restructuring, imposing bank losses</p> <p>By Michele Kambas and Deepa Babington</p> <p>NICOSIA, Feb 21 (Reuters) - The frontrunner in Cyprus's presidential election runoff said on Thursday he has been in touch with governments and unspecified funds for a bridge loan to ensure the island nation does not run out of cash before it secures an international bailout.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130221/interview-cyprus-election-favourite-talks-secure-bridge-loan" target="_blank">read more</a></p> Bailout Debt Entertainment Nicos Anastasiades Social Issues Word of the year Thomson Reuters Thu, 21 Feb 2013 22:00:37 +0000 5762712 at http://www.globalpost.com INTERVIEW-Cyprus election favourite in talks to secure bridge loan http://www.globalpost.com/dispatch/news/thomson-reuters/130222/interview-cyprus-election-favourite-talks-secure-bridge-loan <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>(Repeats without changes to text)</p> <p>* Conservative chief says short-term loan may be needed</p> <p>* Anastasiades tipped to win Cyprus presidential runoff</p> <p>* Rules out debt restructuring, imposing bank losses</p> <p>By Michele Kambas and Deepa Babington</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130222/interview-cyprus-election-favourite-talks-secure-bridge-loan" target="_blank">read more</a></p> Bailout Debt Entertainment Nicos Anastasiades Social Issues Word of the year Thomson Reuters Fri, 22 Feb 2013 06:15:37 +0000 5762950 at http://www.globalpost.com