The correction on the ASX can be traced directly to Beijing. Photo: Bloomberg Unlike nearly every other advanced economy during the past 25 years, Australia has not had a recession. Not since the short, sharp Keating recession of 1990-91. Our defences against a recession are now threadbare, in large part because the protection provided by…
DetailsJUNEAU The Republican senator in charge of crafting the capital budget is so staunchly opposed to Gov. Bill Walkers call for the state to issue hundreds of millions of dollars of general obligation bonds a part of the governor’s overall solution to the state government fiscal crisis that the proposal may not even be considered.…
DetailsRussia pulls plug on ‘VIP’ bank Vneshprombank Moscow (AFP) – Russian authorities on Thursday declared insolvent the large Vneshprombank, which reportedly counts several members of the country’s political elite as clients. The central bank said in a statement it had withdrawn the licence of the bank, the country’s 40th-biggest out of a total 700. Vneshprombank…
DetailsSAN JUAN, Puerto Rico (AP) A deal to restructure Puerto Rico’s troubled power utility’s $8.2 billion bond debt fell apart early Saturday, after lawmakers missed a Friday midnight deadline to approve key conditions for the proposed bond swap, including putting a debt payment charge directly on customers’ bills. … Read the full article at: http://www.heraldcourier.com/news/world/puerto-rico-power-debt-relief-deal-falls-apart/article_6c1d5a9f-5f7a-5a1f-bf41-a38492c1d3c2.html
DetailsDetective Inspector Harry Clayton is a London cop with plenty of the usual DI baggage hes got a massive gambling habit, hes separated from his lovely lawyer wife (the gambling habit had something to do with it), he still loves her, though; its complicated. So far, so a million other cop shows. But (Sky1), as…
DetailsFollowing an in-depth investigation, ASIC is warning consumers to steer clear of debt management businesses that promise to clean up your financial life in one fell swoop. The kicker is that many such operations also called debt consolidation firms charge high upfront fees for services you could do yourself for free, including challenging incorrect information…
DetailsThe High Court has approved a $2.2 million (2 million) payment for an American law firm for fees due to it from a liquidated Irish company. The money for the Minneapolis-based Nilan Johnson Lewis (NJL) firm will be paid out of a sum of $4.5 million due to go to the liquidation of ECTG Ltd…
Details(Reuters) – Atlantic City, New Jersey’s distressed gambling hub, had its credit rating cut four notches deeper into junk territory on Friday on the likelihood of a debt default in the next six months. Standard & Poor’s Ratings Services issued the super-downgrade of the city’s bonds, to ‘CCC-‘ from ‘B,’ because a default or distressed…
DetailsRep. Debbie Wasserman Schultz pledged Friday to launch a renewed push for legislation that would provide a partial bailout for Puerto Ricos $72 million debt, part of an economic crisis that has prompted tens of thousands of island residents to flee to Florida and other states. Wasserman Schultz, a Florida representative who is also chairwoman…
DetailsAtlantic City, New Jersey’s distressed gambling hub, had its credit rating cut four notches deeper into junk territory on Friday on the likelihood of a debt default in the next six months. Standard & Poor’s Ratings Services issued the super-downgrade of the city’s bonds, to ‘CCC-‘ from ‘B,’ because a default or distressed exchange or…
Details