Page 7 - Debt Problems News Today

Zambia is making progress with a $6.3 billion debt rework deal with creditor nations and China. Sri Lanka has exchanged its dollar-denominated bonds for new rupee-dominated notes, but a Treasury bond exchange has faced delays. Ghana is aiming to reduce its international debt payments by $10.5 billion and hopes to reach a deal with bondholders.

The persistent and damaging debt problems gripping a number of developing world nations will be a core topic during the G20 summit in Delhi next month. Zambia was the first African country to default during the COVID-19 pandemic and after a long-awaited burst of progress in recent months finally looks to be closing in on a repair plan. The details are still being worked on, but the government also hopes to reach a deal in the coming months with the international funds that hold its unpaid sove...

Survey finds more than 40 per cent of postsecondary students have gambled, some up to HK$5,000 over a three-month period.

The used car dealer will pay a high price to stave off insolvency

You. >> great to be here. paul: how large a threat to u.s. security would this chinese base in cuba be, and what can we do about it? >> yeah. well, certainly, it would be an added threat. we already know their conducting one -- theyre conducting one of the most comprehensive cyber and human intelligence. this would be something new. and i dont think its surprising, i mean, this is communist cuba and communist china, and cuba as we all know has had major economic and debt problems. they dont have...

As Canadian consumer debt sets a new international record, we’re defaulting more on car loans and credit cards. The crisis is starting to hit the bottom line of the banks as they sock away billions to cover potential bad loans.

Spending cuts. now, president biden is currently in hiroshima for the g7 conference, and is returning tomorrow. he says the risk of default is too serious. after last nights meeting, congress members graves and mchenry, they expressed skepticism as to whether a deal could be reached by june 1st. take a listen. >> this was a negotiation tonight. this was a candid discussion about realistic numbers, a realistic path forward, and something that really changes the trajectory of this countrys spendin...

The global stock performance is affected by U.S. jobless claims and modest rise in producer prices, indicating a slowing economy.

That -- i think that is what theyre worrying about, i dont think they should be. the right thing is to ensure we do get some improvement on the fiscal situation. thats what republicans put on the table, that makes sense. many times in the past we have increased the debt ceiling while also putting in place savings packages to help deal with debt problems. we have done it before. it would make sense to do it now. i would point out under president trump, when we lifted the debt ceiling, we put in p...

Which has won 7 oscars, including best picture, best director — and best actress for michelle yeoh. the us government announces a rescue plan to suppot businesses affected by the collapse of the silicon valley bank. pressure grows in the uk for a similar offer. now lets talk about china, because the country has a new premier, lee tsiang , who took his oath of office at the week—end, promising to make his country even more prosperous, despite a challenging economic situation. mr lee is expect...