Moody’s cuts Brazil credit rating to junk
Moody's became the third big agency to cut Brazil's credit rating to junk Wednesday, citing mounting debt and…
Browsing Tag
debt
EU lenders working on plan for gradual Greek debt relief
Greece's EU lenders have been working on a plan to offer the country gradual debt relief on condition that it…
Egypt’s budget deficit up to 4.9% in Jul-Nov on debt service, subsidies
Egypt's budget deficit edged up to 4.9 percent of the GDP in the first five months of the current fiscal year,…
World Bank confirms $3 billion loan for Egypt
The World Bank has approved a $3 billion loan to Egypt, to be disbursed over the next three years, International…
Egypt’s external debt drops $2bn in 3 months:CBE
Egyptian external debt declined by US$2 billion from June-September 2015, going from $48.1bn to $46.1 billion, a…
U.S. debt limit threat defanged on Wall Street
Wall Street trembled when Republicans first began threatening to force the United States into default by not…
Pimco, others sue Citigroup over billions in mortgage debt losses
Pacific Investment Management Co and other investors have sued Citigroup Inc over the bank's alleged failure to…
Debt limit, budget deals take shape in Congress
U.S. House Speaker John Boehner and other congressional leaders raced to finalize a sweeping two-year budget deal…
Egypt’s external debt hits record high at end-June – c.bank
Egypt’s external debt hit a record of US$48.062 billion by the end of June 2015, the central bank said Monday. On…
IMF’s Lagarde says restructuring should suffice for Greek debt
A form of debt restructuring rather than outright forgiveness should enable Greece to handle its "unviable" debt…
