Tag: Debt

Clinton ‘confident’ of deal on US debt crisis

US Secretary of State Hillary Clinton said Monday she was confident lawmakers would reach a deal to avert a debt default, addressing business leaders...

Obama, lawmakers seek to salvage US debt deal

US President Barack told congressional leaders on Saturday to find areas of agreement and draft legislation to avert a catastrophic debt default, with both...

China urges US to boost confidence in debt

China pressed the United States to take "responsible" measures to boost market confidence in the dollar and US government debt on Wednesday, underscoring investor...

Hovers below record, debt worries support

Gold held steady below its record high on Tuesday after 11 days of consecutive gains, as growing sovereign debt worries on either side of...

Moody’s suggests US eliminate debt ceiling

Ratings agency Moody's on Monday suggested the United States should eliminate its statutory limit on government debt to reduce uncertainty among bond holders. The United...

IPPs propose debt swap with PEPCO

Independent Power Producers (IPPs) have sent a proposal to the government asking it to transfer its debt to PEPCO’s balance sheet as the latter...

China to see bumpy patch, but no crisis on local debt

However you slice and dice it, a sizeable chunk of China’s local government debt will likely go bad over the next few years. But...

IMF urges ‘decisive’ steps to cut Italy debt

The International Monetary Fund called on Tuesday for "decisive implementation" by Italy to cut its public debt, as the country sought this week to...

Trading in debt under shari’a

While Islam restricts the lending and borrowing of money, that is, with regards to the charging or paying of interest, it encourages interest-free lending...

SBP raises concern over Rs5.594t govt debt

The State Bank of Pakistan (SBP), expressing his views over soaring government budgetary borrowing from domestic sources that has piled up to Rs5.594 trillion,...

China Bets on europe’s debt

Chinese Premier Wen Jiabao has said that he is ‘still confident’ that Europe can overcome the debt crisis and said China would remain a...

PSO mired in debt

The inter corporate circular debt still remains a major source of concern for the government, as total receivables of the Pakistan State Oil (PSO)...

Circular debt haunts PSO

Inter-corporate debt remains a burning concern for Pakistan State Oil (PSO) besides other public sector entities, necessitating solid steps by the government to resolve...

Greece faces critical vote for its debt

Greek Prime Minister George Papandreou faced a vote of confidence in his new government in a fight vital to avert bankruptcy and stave off...

Angela Merkel backs strong aid for Greek debt

German Chancellor Angela Merkel urged ‘substantial’ aid from private creditors in resolving Greece's debt woes, as the Eurogroup warned the crisis could spread like...

Debt limit row risks confidence in US

Failure to raise the US debt ceiling in a timely manner could sink investors' confidence in the economy, Federal Reserve Chief Ben Bernanke has...

Threatening debt default, has US become the new Argentina?

Tea Party Republican Paul Ryan doesn’t want to pay bondholders. Tea Party Conservative Paul Ryan doesn’t want to pay our bills. Ironically, the party...