Markets snub EU pledge to help Greek with debt
Markets snub EU pledge to help Greek with debt
Currency markets on Thursday snubbed European leaders’ vague pledge of support to help Greece avoid defaulting on its debt, sending the euro down against the U.S. dollar and doing little to halt fears of market contagion.
Read more on AP via Yahoo! News
Some Cash Loans May Increase Your Debt
Some Cash Loans May Increase Your Debt
For many consumers with credit problems, short-term payday loan or car title loans can be tempting. But getting that quick cash often drives the borrower further into debt.
Read more on FOX 26 Houston
Moody’s sees gloom for MN state, city, school debt
Moody’s sees gloom for MN state, city, school debt
Associated Press – February 10, 2010 4:34 PM ET ST. PAUL, Minn. (AP) – 1 of the three big credit rating agencies has lowered its outlook for three kinds of government debt in Minnesota.
Read more on WKBT La Crosse
‘US credit rating safe despite debt’
‘US credit rating safe despite debt’
WASHINGTON: Treasury Secretary Timothy Geithner says the US government “will never” lose its sterling credit rating despite big budget deficits and a newly increased debt limit that now tops US$14 trillion (US$1 = RM3.44). Geithner says in an interview broadcast yesterday that in times of economic crisis, international investors will continue to buy US Treasury bonds because the bonds are a safe …
Read more on Business Times (Malaysia)
High-Yield Debt ‘Flavor of Month’ as Asia Grows, StanChart Says
High-Yield Debt ‘Flavor of Month’ as Asia Grows, StanChart Says
“The flavor of the month is high-yield,” Singapore-based Cristian Jonsson , global head of syndicate, said in an interview. “As Asian economies pick up, investors in the U.S. and Europe are looking to add more exposure to the Asia credit sector.”
Read more on Bloomberg
Geithner says US credit rating safe despite debt
Geithner says US credit rating safe despite debt
Geithner says the U.S. government “will never” lose its sterling credit rating despite big budget deficits and a newly increased debt limit that now tops $14 trillion.
Read more on FOX 41 Louisville
Australia to End Bank Guarantee; Debt Costs May Rise (Update1)
Australia to End Bank Guarantee; Debt Costs May Rise (Update1)
Australia’s government is withdrawing its guarantee on large deposits and wholesale funding that helped banks access credit after the global financial crisis, a move Bank of Queensland Ltd. said may drive up debt costs.
Read more on BusinessWeek
Categories: credit meld Tags: Australia, bank, Costs, Debt, Guarantee., Rise, Update1
Challenge to debt payoff tactics
Challenge to debt payoff tactics
People who face losing their homes because of debts on credit cards or loans could get greater protection.
Read more on BBC News
Categories: credit meld Tags: Challenge, Debt, payoff, tactics
Primus Guaranty Loss Narrows as Debt Values Recover (Update1)
Primus Guaranty Loss Narrows as Debt Values Recover (Update1)
Feb. 3 (Bloomberg) — Primus Guaranty Ltd. , the Bermuda- based company that sold banks credit-default swaps protecting $17.5 billion of debt, said its fourth-quarter loss narrowed as a recovery in corporate debt markets boosted bond values and lowered defaults.
Read more on Bloomberg
I-485 sparks a fight over debt
I-485 sparks a fight over debt
State Treasurer Janet Cowell wants legislature to referee a fight with Gov. Bev Perdue’s administration over funding for Interstate 485 – along with bigger question of who controls the state’s credit card.
Read more on The Charlotte Observer