Mothers and children blame each other for financial failures.
* Move will save up to $ 78 mln a year in interest, coupons
LONDON (Reuters) – Hedge fund firm Man Group cheered investors with plans to use surplus cash to buy back all its debt securities, overshadowing a surge in client outflows to the highest level since…
The next battle over the debt limit appears to be farther away than many expect – and perhaps not until well into autumn. Higher tax revenues, less spending and a potential massive inflow of money from the recovery of the … Continue reading
DUBLIN (Reuters) – Financial leaders of the world’s 20 biggest economies will consider next week in Washington a proposal to cut their public debt over the longer term to well below 90 percent of gross domestic product, a document prepared … Continue reading
In the first budget of his second term, President Obama set aside the grand ambitions that marked his early days in office and sent Congress a blueprint aimed at achieving a simple goal: ending the long partisan standoff over the … Continue reading
SAO PAULO, April 10 (Reuters) – Brazilian oil equipment company Lupatech SA failed to pay interest on $ 275 million of bonds in the latest sign of financial and operational strains facing companies in the once-thriving sector.
ROME (Reuters) – Italy’s caretaker government said on Saturday it would pay 40 billion euros ($ 52 billion) that the state owes to private companies over the next 12 months, while vowing to stick within the European Union’s deficit limit.
ROME (Reuters) – Italy’s caretaker cabinet said on Saturday it would pay 40 billion euros ($ 52 billion) of the state’s debts to private companies over the next 12 months, while vowing to stick within the European Union’s deficit limit.
* Cbank announces three-pronged plan to boost lending, relieve firms of debt