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South Asia News: Sri Lanka has accepted offers to exchange $10 billion worth of defaulted local debt for new bonds, as part of its debt restructuring requirements. The
Move comes after heavily indebted China Evergrande avoided default for a second time
Hours is pretty technical. 177 billion euros worth of bonds have been said by creditors, yes, we will accept this bond swap deal. 86% have said we'll do it which means in total nearly 100% will do it once collection acting clauses are enacted. 130 billion euro bailout, the second bailout for greece can go ahead. the country has been in recession for five years and unemployment rate of over 21%. how do they grow their way out of this problem with austerity? talking about unemployment rate in the u.s., we're hoping it stay nears three-year lows of 8.3% when we get the february payroll figures la...
The s&p gained 13 points. the nasdaq nudged up 34. taking a look at overseas trading this morning. in tokyo, the nikkei climbed 160 points while in hong kong, the hang seng was up 185. this morning, greece's ongoing debt drama took a dramatic turn away from a disastrous default. after convincing enough investors to take a loss on government bonds, greece has insured it will receive its $172 billion european bailout. greece needed 90% participation in the critical bond swap and as of this morning, it had secured upwards of 85%. athens says legislative maneuvering will push total participation...
Toe making tuition. american taxpayers up on a fourth of g.m. greek government says the vast majority of the private creditors signed up for a bond swap. they will get about half for face value. greece would have been at risk in default in two weeks had the dill not been struck. in this country, concerns are growing about something that could rob you or a loveed one of a life savings. tonight, chief intelligence correspondence catherine herridge looks at what is done to fight consumer fraud. >> they are looking into in the new task force to combat fraud. >> one thing that happens in washingt...