Glencore Plcs $2.5 billion agriculture deal is another milestone to solving Chief Executive Officer Ivan Glasenbergs biggest problem last year — reducing a mountain of debt. Canadas biggest pension fund will buy a 40 percent stake in the agriculture business and Glencore said it may sell an additional 20 percent, which could be worth $1.25 billion…
Image via Center for Individual Freedom YouTube channel According to Sunlight Foundations Political Ad Sleuth tool, a 501(c)(4) dark money group called the Center for Individual Freedom (CFIF) has purchased at least $200,000 in ads in the Washington, D.C., market, an attempt to influence lawmakers crafting economic legislation to assist Puerto Rico’s dire financial situation.…
Alexandra Bosanac | April 6, 2016 It was an otherwise unremarkable day in mid-February when nascent computer scientist Evan Maynard received some tremendous news. In a meeting with his boss, Maynard, who will graduate from St. Marys University this spring, learned that the company where he had been working part-time for nearly a year wanted to help…
April 5, 2016 2:41 p.m. ET BERLINInternational Monetary Fund Managing Director Christine Lagarde said Tuesday the Washington-based lender is determined to help Greece but the country needs to implement substantial reforms to make this possible. Speaking at a joint news conference with German Chancellor Angela Merkel and other heads of the worlds leading economic organizations,…
The signatures are barely legible, the mark of a man slowly sinking under enormous gambling debts. He made them out before he went on the run after murdering his childrens nanny. Lucan, ironically dubbed Lucky by friends because he barely ever won, signed the 11 cheques drawn on his account with Queens bankers Coutts &…
Having banks and local governments deleverage and trim overcapacity are part and parcel with central government efforts to maintain stable growth by nurturing the supply side of the economy. But even as this is happening, the housing market has been flooded with new loans in recent months, exposing the economy to new risks. The central…
German Chancellor Angela Merkel and IMF Managing Director Christine Lagarde agreed that the Fund will participate in monitoring Greeces bailout program but disagreed on a debt haircut. The two women met in Berlin on Tuesday during a conference of global economic leaders. Merkel said that a debt haircut for Greece was not possible as long…
Rep. Katrina Shankland (D-Stevens Point) A series of bills signed into law by Governor Scott Walker last week are designed to help reduce college debt and get students into the workforce more quickly. Supporters of the bills say they are a good step in the right direction towards preventing future debt. Critics contend the state…
Chancellor Angela Merkel said in Berlin Tuesday that a debt haircut for Greece was not possible as long as the country remains in the eurozone, adding that Germany wanted a quick conclusion of a bailout review. The IMF has fought shy of participating in the bailout without a firm promise of debt relief for…
MANISH KIRI, MD, Kiri Industries Managing Director Manish Kiri, on how the company expects to be back in black this year The Kiri Industries stock zoomed up 11 per cent after it announced a debt reduction plan. Speaking to Bloomberg TV India, Kiri Industries Managing Director Manish Kiri said the company is set to reduce…