Archive for the ‘Debt’ Category

First infrastructure debt fund launched

June 18, 2013
With an eye on the long-term horizon of insurance and pension funds, Finance Minister P. Chidambaram, on Tuesday, maintained that infrastructure debt funds (IDFs) should try to mobilise resources from these sectors. Speaking after launching the maiden
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The Hindu

Hungary to Tax Municipal Debt Held By Banks

June 18, 2013

BUDAPEST—Needing cash to meet budget-deficit limits imposed by Brussels, Hungary's government has taken aim once again at the country's banks. The cabinet plans to impose a tax on about $2.8 billion of debt held by banks that the central government is 
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S&P downgrades Venezuelan debt

June 18, 2013

Standard & Poor's, the credit rating agency, downgraded Venezuela's sovereign debt on Monday over concerns about the mounting economic and political crisis facing the embattled new president, Nicolás Maduro. The US-based agency cited the threat that 
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Jefferson County Debt Plan Is Costly

June 18, 2013
The proposal for the refinancing, which has been approved by a majority of county commissioners, includes a set of bonds that schedule larger debt payments in the later years of the financing. About $474 million are a type of debt called capital
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Wall Street Journal- India

Spain's debt costs, bad loans rise as minister signals turnaround

June 18, 2013

MADRID/SANTANDER (Reuters) – Spain's short-term debt costs rose on Tuesday and data showed higher bad loan rates in the banking sector, casting doubt on the government's assertion that the worst of the economic crisis had passed. Lenders' 
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When Margin Debt Goes Over 2.25% Of GDP, The Stock Market Always Crashes

June 18, 2013

Bubble – Photo by Jeff Kubina What do 1929, 2000 and 2007 all have in common? Those were all years in which we saw a dramatic spike in margin debt. In all three instances, investors became highly leveraged in order to 'take advantage' of a soaring
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Q&A: Co-op debt restructuring

June 18, 2013

The Co-op agreed on Monday a rescue plan to plug the £1.5bn hole in its balance sheet, which has come under increased scrutiny since the bank pulled out of a deal in April to buy hundreds of bank branches from Lloyds Banking Group.
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Telcos' debt more than doubles

June 18, 2013
Cumulative debt burden on telecom companies have more than doubled from Rs 82,726 crore in 2008-09 to Rs 1,85,720 crore in 2011-12. According to the Cellular Operators' Association of India, this along with falling margins is weighing heavily on
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Hindu Business Line

Jefferson County Debt Plan Is Costly

June 18, 2013
Escaping the largest U.S. municipal failure could leave Jefferson County, Ala., in an even deeper hole. The county's plan to emerge from bankruptcy protection hinges in part on the sale of $1.9 billion of new debt this fall to refinance debt tied to
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Wall Street Journal- India

Circular debt of Rs 503 billion ruined till July 31: Ishaq Dar

June 17, 2013
image ISLAMABAD: Finance Minister Senator Ishaq Dar on Monday said that circular debt of Rs 503 billion would be ruined till July 31 to overcome the energy crisis and bring the country to prosperity and development. Talking to a private news channel, 
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Business Recorder