Chinese flag waves in front of the Great Hall of the People in Beijing, China, October 29, 2015. Reuters/Jason Lee China’s massive corporate debt problem could be eased through debt-to-equity conversions or securitization of non-performing loans, the International Monetary Fund said on Tuesday, but only if these apply to viable firms that undergo restructuring. The…
By David Lawder WASHINGTON, April 26 (Reuters) – China’s massive corporate debt problem could be eased through debt-to-equity conversions or securitization of non-performing loans, the International Monetary Fund said on Tuesday, but only if these apply to viable firms that undergo restructuring. The IMF said in a blog posting on its website that it welcomes…
Once again, Greece is at an inflection point. With its cash balances severely stressed, it seems unlikely to be able to pay the cascading debt payments that are falling due over the next few months. So yet another round of contentious and protracted discussions with its creditors is under way one that may well produce…
Share on Facebook Share on Twitter Share on Google+ Share on LinkedIn WASHINGTON, DC Once again, Greece is at an inflection point. With its cash balances severely stressed, it seems unlikely to be able to pay the cascading debt payments that are falling due over the next few months. So yet another round of contentious…
“Hamilton” creator Lin-Manuel Miranda and his smash hit Broadway musical just saved Alexander Hamilton’s spot on the $20 bill. Comedian John Oliver tapped Miranda Sunday to help out with another, much bigger money problem. Oliver used Sunday’s episode of HBO’s “Last Week Tonight” to take a closer look at Puerto Rico’s massive debt. The island is…
Following a two-day meeting of eurozone finance ministers in Amsterdam, German Finance Minister Wolfgang Schäuble said Greece wont necessarily require an easing of its debt burden. Schäuble said this would apply if the International Monetary Fund and the Germany-led consortium of lenders determine that the countrys debt sustainability is ensured, Bloomberg reported Saturday. A countrys debt sustainability is…
German Finance Minister Wolfgang Schaeuble said Greece doesnt need debt relief now and wont require an easing of its debt burden as long as the troika of creditors determines that debt sustainability is ensured. The European Stability Mechanism, the euro regions financial backstop, will seek to lock in the favorable refinancing costs its passing on…
* Kasikorn to cut two additional rates by 25 bps * Follows cuts to another rate by nation’s top four lenders * Rate cuts aimed at helping debt-laden small businesses (Recasts headline) By Khettiya Jittapong and Manunphattr Dhanananphorn BANGKOK, April 22 Two of Thailand’s biggest banks said they plan to cut more lending rates, seeking…
Despite a huge global glut that led to defaults, closures, and enormous operating losses for producers, Chinese steel prices have been on a tear in 2016. The rise has been buoyed by lower-than-normal inventory levels, seasonal restocking, producers bringing forward production ahead of government-enforced curtailment later this month, plus a surge in Chinese construction activity.…
Gov. Kenneth Mapp wants the Legislature today to designate $8 million from a recent court settlement to help reduce the long-overdue power bills owed by the territorys two hospitals. Mapp said Luis Hospital on St. Croix owes the V.I. Water and Power Authority $12,085,850.64, while Schneider Medical Center owes $8,832,392. These two institutions continue to…