Results for
debt
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Lebanon’s central bank plans new currency exchange platform via Bloomberg: Mansouri
Lebanon’s central bank is planning to introduce a new currency exchange platform through Bloomberg, the country’s acting central bank governor Wassim ... Middle East -
Argentina uses $775 million Qatar loan to repay IMF
The Argentine government said Friday it will use a loan from Qatar amounting to $775 million to make a payment to the International Monetary Fund as ... World News -
Biden cheers debt ceiling ‘crisis averted’ from Oval Office
US President Joe Biden declared a “crisis averted” on Friday in his first address from the White House’s Oval Office, touting the passage of a bill to ... World News -
Biden hails debt deal as ‘big win’ for Americans
US President Joe Biden welcomed Thursday’s vote by the Senate to raise the national debt limit through 2024 and avert a first ever default as a “big ... World News -
Biden, McCarthy meeting ends with no deal on debt ceiling
President Joe Biden and House Speaker Kevin McCarthy could not reach an agreement Monday on how to raise the US government’s $31.4 trillion debt ... World News -
Moody’s says Russia defaulted on debt
Moody's ratings agency has confirmed that Russia defaulted on foreign debt for the first time in a century after bond holders did not receive $100 ... Economy -
Macron’s party pushes back against finance minister’s COVID-19 debt plans
French President Emmanuel Macron’s ruling party pushed back on Tuesday against the finance minister’s plans to hive off debt linked to spending on the ... Coronavirus -
Bahrain to raise debt ceiling to $40 billion amid coronavirus slowdown
Bahrain’s government has raised its debt ceiling to 15 billion dinars ($39.79 billion) from 13 billion dinars to help finance public spending, the ... Financial Markets -
Lebanon to begin IMF talks in next two days: Minister
Lebanon will start negotiations with the International Monetary Fund (IMF) in the next two days, Finance Minister Ghazi Wazni said on Tuesday, as ... Economy -
Time to negotiate: Lebanon officially defaults on its Eurobonds
Just over a week ago, Lebanon announced it would default on $1.2 billion of Eurobonds. Now, after a seven-day grace period, the country is officially ... Middle East -
Lebanon hopes debt talks could be wrapped up within 9 months: Official
Negotiations to restructure Lebanon’s foreign currency debt should not last more than nine months if well-intentioned, the economy minister told ... Economy -
Omani govt working on reducing debt: Sultan Haitham
Oman’s Sultan Haitham bin Tariq al-Said said on Sunday the government will work on reducing public debt and the fiscal deficit, as well as ... Gulf -
Lebanon to invite eight firms to bid to be financial adviser: Source
Lebanon will invite eight firms to bid to be its financial adviser as it studies all options on its sovereign debt, a source familiar with the matter ... Middle East -
Lebanon's bonds fall as debt restructuring decision looms
Lebanon’s government bonds fell to fresh lows on Monday as traders waited on a possible government decision about how it will deal with its debt ... Middle East -
Saudi Arabia kicks off three-part dollar bond offering
Saudi Arabia started the sale of a three-part dollar bond as the Kingdom seeks to take advantage of lower borrowing costs, according to people with ... Economy -
Puerto Rico proposes plan to reduce debt by 65 percent
A federal board with oversight over Puerto Rico’s finances proposed a restructuring plan Friday that would reduce the US territory’s debt ... Economy -
Dollar remains at two-month highs as market awaits US growth data
The dollar held near two-month highs on Friday and looked set for a second straight weekly gain, as the market awaited US gross domestic product (GDP) ... Financial Markets -
IMF slashes Oman’s 2019 economic growth forecast to 0.3 percent
The International Monetary Fund has cut Oman’s 2019 economic growth forecast to 0.3 percent from 1.1 percent as OPEC-led production curbs slash ... Economy -
Lebanon central bank supports effort to cut debt servicing, no agreement yet
Lebanon’s central bank governor backs government efforts to cut public debt servicing costs in the 2019 budget, but an agreement has yet to be ... Economy -
IMF urges France to step up reforms to rein in debt
The International Monetary Fund on Monday warned France that its public debt is “too high for comfort,” calling on the nation to tackle ... Economy -
Italy braces for three billion-euro Brussels fine
Italy’s Deputy Prime Minister Matteo Salvini said Tuesday he expected Brussels to slap Rome with a three billion-euro fine over the ... Economy -
Saudi Arabia reduces fees, trading commissions for local bond market
Saudi Arabia’s Capital Market Authority (CMA), the country’s bourse and its Debt Management Office (DMO) announced in a joint statement on ... Financial Markets -
India’s Jet Airways flying just seven planes amid investor talks
India’s ailing Jet Airways has drastically reduced operations amid talks with investors to purchase a controlling stake in the airline and help ... Technology -
Egypt to slash fuel subsidies as it nears end of IMF program
Egypt will remove subsidies on most energy products by June 15, it told the International Monetary Fund in a January letter released by the IMF on ... Economy -
BRI debt-trap and elections in Maldives
The September 23 national election in the Maldives, the small island state in the Indian Ocean, was won emphatically by the joint opposition candidate ... Middle East -
Rise in expat terminations result in $1.8 bln bad bank debts in Kuwait
The number of foreigners terminated from public sector jobs in Kuwait has left banks in the country with a sizeable bad debt problem. Local media said ... Economy -
Is China making Pakistan a client-state with ‘debt-book diplomacy’?
In Pakistan, China is the most active and positive economic force. So much so that continued cooperation between the two countries is supported by ... Middle East -
S&P upgrades Egypt debt rating on better economic outlook
Ratings agency S&P upgraded Egypt’s debt grade by one notch on Friday, citing stronger economic growth and moderating inflation. S&P ... Economy -
Saudi tycoon auctions off 900 vehicles to clear debt
Thousands of people attended the first day of an auction of vehicles owned by indebted Saudi Arabian tycoon Maan al-Sanea and his company, a sale ... Economy -
In debt for life: Taking decades to pay off a student loan
One thing we can all agree on is that getting a quality education is pricey. However, it’s a two-way street that students invest in for their ... Blogs