Category Archives: Debt Help

James Packer’s Crown doubles down on its Macau exit with $300m sharesale to investors – The Sydney Morning Herald

James Packer’s Crown Resorts has doubled down on its massive retreat from its international operations, agreeing to sell a further $300 million of its stake in its Macau casinos.  Crown announced on Friday it had entered an underwriting agreement to sell 40.9 million shares in Melco Crown Entertainment to institutional investors, in addition to the 98 million shares it said on Thursday would…

Bank of Canada sees risks from household debt, housing market imbalances – The Sydney Morning Herald

The Bank of Canada said elevated levels of household debt and imbalances in the housing market remain the primary risks to the country’s financial system, dangers that new government rules will mitigate over time. “Overall, the risk of nationwide household financial stress combined with a sharp correction in house prices across the country remains ‘elevated,’”…

Greece’s European creditors suspend debt relief measures – Daily Sabah

European creditors on Wednesday pulled a recently announced debt relief package for Greece in protest at subsequent budget spending measures announced by Athens. At a meeting of the eurozone’s 19 finance ministers, Greece’s creditors offered some immediate debt help to Greece. They include smoothing some of Greece’s repayments to prevent debt humps and a…

Greece’s European creditors suspend relief – NEWS.com.au

European creditors have pulled a recently announced debt relief package for Greece in protest at subsequent budget spending measures announced by Athens. Greek stocks fell sharply and the government’s borrowing rates jumped higher as investors fretted over a potential flare-up in the country’s bailout problems and the possibility of early elections in the country. The…

Creditors scold Athens but leave window of hope over debt relief measures – Kathimerini

A statement by the countrys international creditors Thursday denounced the governments controversial Christmas bonus payment for low-income pensioners but left a window of hope that the crisis will be overcome by leaving the decision for short-term relief measures to eurozone countries. Euro-area member-states will decide how to proceed with the short-term debt measures agreed in…

Euro bailout chiefs freeze Greek debt relief measures – Public Finance International

The news is the latest development in a long-running and increasingly ugly dispute over measures to ease Greeces massive debt burden and the strict fiscal targets the country needs to meet to receive it. Yesterday, the European Stability Mechanism, which finances Greeces third 86bn bailout deal, announced that it would be putting plans for debt…

New mortgage rules to help rein in rising debt levels, says Bank of Canada – Toronto Star

While the Bank of Canada said Thursday the probability of an economic shock materializing remains low, it noted that such an event could have significant consequences.  (AFP/GETTY IMAGES FILE PHOTO)   By Andy BlatchfordThe Canadian Press Thu., Dec. 15, 2016 OTTAWAThe Bank of Canada is expecting new mortgage rules to help ease a continued rise in household…

Millionaire Congressman-elect Trey Hollingsworth appeals for help with campaign debts – WTTV CBS4Indy

Trey Hollingsworth × Millionaire Congressman-elect Trey Hollingsworth appeals for help with campaign debts Trey Hollingsworth WASHINGTON, D.C. Trey Hollingsworth, the multimillionaire who won a seat in Congress during the November election, is asking for donations to help repay money he owes to his pollster and political consultants. According to our newsgathering partners at the IndyStar, Hollingsworth…

Greece’s European creditors suspend relief – Townsville Bulletin

European creditors have pulled a recently announced debt relief package for Greece in protest at subsequent budget spending measures announced by Athens. Greek stocks fell sharply and the governments borrowing rates jumped higher as investors fretted over a potential flare-up in the countrys bailout problems and the possibility of early elections in the country. The…

Greece’s European Creditors Suspend Debt Relief Measures – Voice of America

ATHENS   European creditors on Wednesday pulled a recently announced debt relief package for Greece in protest against subsequent spending measures announced by Athens. Greek stocks fell sharply and the government’s borrowing rates jumped as investors fretted over a potential flare-up in the country’s bailout problems and the possibility of early elections in the country.…