Puerto Ricos government recently declared that the country will seek bankruptcy under Title III of Promesa, a federal law enacted by the US Congress to deal with Puerto Ricos debt crisis. The decision triggers the beginning of a debt restructuring process, the largest ever registered in the municipal bond market of the US. It was…
David Koch on how to communicate with family about money The Association of Superannuation Funds of Australias chief executive officer Dr Martin Fahy said there should be stability with superannuation settings. THE leaks revealing intricate details of Treasurer Scott Morrisons Federal Budget have been few and far between this year, leaving many Australians unsure of…
Caroline Hannigan organised a cross-country race to raise money for charity But when she got home she found her son being threatened by drug dealers She then decided to use the money to help pay off her son’s £1,000 debt Mrs Hannigan had worked in the primary school for 23 years By Luke Barnes…
The German Finance Ministry on Thursday said that no debt relief measures are being prepared for Greece, in answer to a report by Handelsblatt business daily, Reuters says. The German newspaper reported that Greeces creditors (the European Stability Mechanism, European Commission, European Central Bank and International Monetary Fund) are drafting a document with a series…
The following guest post is courtesy of Luis Aureliano, a business writer and financial analyst. With over 15 years of experience in global finance and an MBA in economics and management, Luiss areas of expertise include business, marketing, communications, personal finance, macro economics, stocks and emerging markets. Do you have an idea for a guest…
May 5 The Indian government on Friday tweaked rules to help tackle the record $150 billion in troubled debt accumulated in the nation’s banks. The government may authorize the Reserve Bank of India to direct banks to initiate an insolvency resolution process in the case of a default under provisions of the bankruptcy code, the…
* Handelsblatt said measures under consideration * EU source says document it cites started as ESM paper (Recasts with German finance ministry statement) May 4 No debt relief measures are being readied for Greece, Germany’s Finance Ministry said on Thursday after the Handelsblatt business daily reported measures were under consideration. The implementation of reforms that…
May 4 No debt relief measures are being readied for Greece, Germany’s Finance Ministry said on Thursday after the Handelsblatt business daily reported measures were under consideration. “No debt relief is being prepared,” the ministry said in a statement e-mailed to Reuters, adding that the implementation of reforms that Greece agreed to in return for…
By Renee Maltezou| ATHENS ATHENS Prime Minister Alexis Tsipras called on Greece’s international lenders on Thursday to reach an agreement on easing its debt burden by May 22, when euro zone finance ministers meet in Brussels to discuss the bailout progress.Athens and its creditors reached a long-awaited deal this week on a series of bailout…
BERLIN (Reuters) – Greece’s international lenders are preparing possible debt relief measures for Athens for discussion by euro zone finance ministers, the German business daily Handelsblatt reported on Thursday. The European Commission, the ESM euro zone rescue fund, the European Central Bank and the International Monetary Fund (IMF)have prepared various debt measures in a document…