- The Latest Debt News and Information
Wiping the slate clean: is it time to reconsider debt forgiveness?  Financial Times

'Debt is still sometimes wiped out in our modern world – through bankruptcies, defaults or sovereign debt restructuring plans – but these events are aberrations, ...

Eskom’s debt is draining South African growth  Financial Times

Amid rising fears that the South African economy is stuck with low growth, major financial institutions along with the South African National Treasury have cut ...

Noble plans to push ahead with debt deal  Financial Times

Commodity trader Noble Group plans to push ahead with emergency $3.5bn debt restructuring by keeping the company private, in a blow to investors who could ...

French debt faces sell-off, widening yield gap with Germany  Financial Times

French president Emmanuel Macron's move to quell anti-government protests with tax breaks and extra money for those on the minimum wage rattled bond ...

Ophir Energy Increases Debt Facility After South East Asia Asset Buys  Morningstar

LONDON (Alliance News) - Oil & gas firm Ophir Energy PLC said Wednesday it has increased and extended its debt facility after the acquisition of assets in ...

Matthew Dean resigns as council leader amid claims of legal action over £25k debt  Salisbury Journal

THE leader of Salisbury City Council has resigned, saying his role has had too much of an impact on his private life.

What Is Debt to Equity Ratio and How Do You Calculate It?  G2 Crowd

The debt to equity ratio is how much debt a company has relative to shareholder equity. It is a valuable financial leverage formula and is used to build an ...

4 ways to stay out of debt this festive season to avoid the money blues  Fin24

Although there is usually a spike in debt assistance enquiries after the festive season, that spike has come earlier this year, according to Ian Wason, CEO of the ...

Auto debt in America — mapped  CNBC

A new map by the Urban Institute traces auto delinquency rates in counties across the U.S. How people fare with their auto loans varies dramatically from one ...

Low margins and high debts are a lethal mix  Investors Chronicle

Low profit margins are a classic sign of weakness. Combining them with lots of debt is often a recipe for trouble.

Energy supplier debt crisis creating “house of cards”  The Energyst

Energy suppliers have liabilities of hundreds of millions of pounds and more are likely to go bust. Those left standing will have to pick up the tab and pass it on to ...

Start-up energy suppliers dispute national media debt claims  Utility Week

Start-up energy companies have disputed a national media report which claims they are in debt following an "investigation" looking at some of the cheapest ...

Paul Ryan Leaves Behind Big Budget Deficits and Ballooning Debt  Bloomberg

Beyond failing in his goal to shrink the federal deficit, the House speaker is leaving the budget in a precarious state.

Yellen and the Fed are afraid of a corporate debt bubble, but investors still aren't  CNBC

The corporate debt scaring policy experts like former Fed Chair Janet Yellen isn't throwing too much of a fright into market participants. In fact, some of them are ...

National Debt Under Trump Is Surging at Its Fastest Pace Since 2012  Bloomberg

U.S. government debt is on track this year to rise at the fastest pace since 2012, as a stronger economy fails to keep pace with the wave of red ink that's rising ...

Martin: '100,000 attempt debt suicide each year - stop the debt threats'  MoneySavingExpert

A new report by the Money and Mental Health Policy Institute calls on the government to change out-of-date legislation which is contributing to people in ...

The Student Debt Crisis, and the FIRE Movement Daily

Youngme, Felix, and Mihir discuss staggering student debt levels, the FIRE (Financial Independence, Retire Early) Movement, and share their After Hours picks ...

Interserve confirms debt-for-equity talks | News  Construction News

Interserve has confirmed it is in talks with its lenders regarding a debt-for-equity swap.

Government's biggest contractors struggle under the weight of a £3bn debt pile  This is Money

First Carillion, now Interserve. This year has been book-ended by the implosion of two leading government contractors with the fear of more trouble to come.

Ethical smartphone company Fairphone raises €20 million in debt, crowdfunding, and VC financing

Dutch ethical smartphone manufacturer Fairphone has raised a total of €20 million in funding and debt over the past few months. Back in August, the company ...

Markets Conclude the U.S. Is Riskier Than China  Bloomberg

Now the Treasury has to pay a premium over Chinese bonds to attract investors. They see four major red flags in U.S. debt.

2 Sisters food group halts decline and cuts debt by £150 million

The parent of 2 Sisters Food Group has cut debt by £150 million as it continues its efforts to turnaround the business.

47% of UK motorists would go into debt to fund car maintenance  AM

Nearly half (47%) of UK motorists would go into debt to fund repairs for their car, according to the results of a survey conducted by

Corporate debt is threatening to take down this bull market: CFRA Research  CNBC

Corporate debt is spiking and CFRA Research's Lindsey Bell says this could be the biggest risk to this bull market.

Trump Ignores Rising Debt | Cato @ Liberty  Cato Institute

On the campaign trail in 2016, Donald Trump railed against the federal government's almost $20 trillion of debt, and he boldly promised to eliminate it “over a ...

Dwight Yorke avoids bankruptcy after paying £1.5m tax debt in full  Mirror Online

Former Manchester United and Aston Villa striker Yorke, 47, did not attend the hearing in London.

Rep. Hensarling on Government Shutdown, U.S. Debt, Legacy  Bloomberg

Representative Jeb Hensarling, chairman of the House Financial Services Committee and a Republican from Texas, discusses border security, the prospect of a ...

Nepal: first came the earthquake, then came the debt  The Guardian

Survivors of the 2015 quake that killed almost 9000 people around Kathmandu now face another challenge they didn't expect.

Fears for Pizza Express as Moody’s downgrades debt

Pizza Express is under mounting pressure from debts, rising costs and fierce competition, credit ratings agency Moody's warned as it downgraded the restaurant ...

Corporate debt one of biggest market risks and could derail bull run  CNBC

It's not just the trade war. Corporate debt could be one of the biggest market risks to derail the bull run, says CFRA Research's Lindsey Bell.

Convertible Debt Interest Payment TSX Venture Exchange:NOT.V  GlobeNewswire

TORONTO, Dec. 12, 2018 (GLOBE NEWSWIRE) -- Noront Resources Ltd. (“Noront” or the “Company”) (TSX Venture: NOT) announces that as part of its US$15 ...

I told a loan company not to lend anymore when interest alone reached £1,700 per month, but they wouldn’t stop  iNews

At this time of year, the expectation to splurge on presents and activities with loved ones is at its peak. With the pressure to spend, people can find themselves ...

Thomas Cook shares plunge amid fears over £389m debt mountain  The Guardian

Thomas Cook shares tumbled further on Tuesday and the cost of insuring debt issued by the travel firm against default hit a record high, despite its efforts to ...

Paul Ryan’s failure to address the debt will mostly become apparent once he’s gone  The Washington Post

Relative to other recent speakers, the shift in the federal debt under Ryan has been modest.

'I got into alcohol addiction and debt, but with help I turned things around’  The Guardian

Barry Deacon, 39, on how faith changed his life – and how he came to meet David Hasselhoff.

China watchdog works on online credit blacklist system to punish debt defaulters - Tech News  The Star Online

China's Internet watchdog is reportedly working on a blacklist for credit defaulters in cyberspace as Beijing tightens its grip over the world's biggest online ...

Spain's DIA In 'Advanced Conversations' To Refinance Bank Debt  ESM - The European Supermarket Magazine

Spanish retail group DIA has said that it has entered into a standby underwriting commitment with Morgan Stanley & Co. International plc, for an amount of €600 ...

Hedge funds call in top lawyer to restructure Sudanese debt  Financial Times

A group of hedge funds has hired one of the world's most prominent sovereign debt lawyers in the hope of restructuring up to $8bn in Sudanese debt if the ...

Trump says he doesn't care about predicted US national debt explosion because ‘I won't be here’  The Independent

Donald Trump is reportedly refusing to tackle the US's spiralling national debt because he will not be in office by the time the situation is expected to reach a ...

The Time May Not Be Right for the Riskiest Corporate Debt  Barron's

Some junk-rated companies will need to decide whether to pay down debt or refinance at higher rates in the next few years.

Now I’m beating my debt and gambling addiction, I can enjoy Christmas  The Guardian

My extravagant present-buying was just a lie. Now I'm being honest with my family – and the payday lenders, says gambling campaigner Danny Cheetham.

Former Fed Chair Yellen says excessive corporate debt could prolong a downturn  CNBC

Former Federal Reserve Chair Janet Yellen is worried about excessive leveraged lending and the high level of corporate debt across Wall Street.

Dollar debt sales hit 2½-year low  Financial Times

Global reserve currency's appreciation erodes its attractiveness for bond issuers.

Europe's tech startups suffer from 'diversity debt', survey finds  The Guardian

Europe's startup sector has a “shocking” lack of diversity, with 93% of all funds raised in 2018 going to all-male founding teams, according to a report by the ...

Cut in debt boosts Scottish Investment Trust performance  FT Adviser

A decision to eliminate debt boosted the performance of the 1 4bn Scottish Investment Trust in the year to October 31.

Bondholders oppose Mexico airport debt restructuring  Financial Times

Holders of more than $1bn of the bonds issued to finance a new Mexico City airport that President Andrés Manuel López Obrador wants to scrap have rejected ...

Famar restructures debt, gets Pillarstone investment | Business

Famar, a contract manufacturer to pharmaceutical industries, has completed a 174 million euro ($197 million) debt restructuring and secured new funds from ...

Washington’s Short-Term Thinking Won’t Head Off the Coming Debt Crisis  National Review

Lawmakers and President Trump must look beyond their own immediate political prospects to imagine the country they'll leave behind if they hope to head off ...

RIP MEDICAL DEBT: Another Channel 9 viewer's medical debt wiped away | WSOC-TV  WSOC Charlotte

She's dedicated to serving others, teaching and feeding youth, but she never expected someone to give back to her.

Macy's, Inc. Announces Pricing of Debt Tender Offer  Business Wire

Macy's, Inc. (NYSE: M) today announced the pricing terms of the previously announced tender offer (the “Tender Offer”) of its wholly owned subsidiary,

SigmaRoc Buys Concrete Firm CCP, Adjusts Debt Amid Strong Results  Morningstar

LONDON (Alliance News) - Construction materials firm SigmaRoc PLC said Monday it has acquired a concrete firm for GBP15 million amid "strong" results for ...

In debt we trust: the rise of art-secured lending  Art Newspaper

The rapid growth in the number of loan providers, from private banks to specialist lenders, could transform the art market's relationship with the financial markets.

Debt isn't a dirty word, and it's time to stop treating it like one  Daily Hive

When you work hard and want to achieve a certain lifestyle, you often require some financial assistance. Sometimes, that means going into debt to make your ...

'Admitting problems helped us get debt-free'  BBC News

A quarter of those in serious financial difficulty wait more than two years to seek help, a charity says.

Credit Card Advice - 5 Tips to Avoid Credit Card Debt During Holidays  Men's Health

Want to avoid credit card debt this holiday season? Here are 5 reminders on how to spend responsibly this holiday season. 

'Debt clock' ticks towards midnight for Canadian economy  The Globe and Mail

A roundup of what The Globe and Mail's market strategist Scott Barlow is reading today on the Web. Citi economist Dana Peterson detailed the shocking rise of ...

Martin Lewis: Trapped by debt? Money Saving Expert reveals top tip to solve debt problems  Express

MARTIN LEWIS, Money Saving Expert, is advising people swamped with debt how to manage their financial issues, including how to deal with debt collectors, ...

Parker Drilling Announces Agreement on Comprehensive Restructuring to Significantly Reduce Debt, and Obtain Access to Significant Capital Commitments  PRNewswire

Strengthened Financial Foundation to Position Parker to Better Take Advantage of Opportunities. Customers and Employees Expected to See No Interruptions; ...

EDITORIAL: How the Liberals buried us in debt  Toronto Sun

To understand how deeply Ontario's now-defeated tax-and-spend Liberal government buried us in debt, we have to look back over their 15 years in power.

‘Chicken king’ supplier Boparan in £250 million debt row  Evening Standard

Chicken supplier 2Sisters is facing renewed City pressure over plans to exclude a group of lenders from a £250 million debt repayment. The row is the latest ...

Wayne Pivac: Scarlets hoping to 'repay the debt' against Ulster  BBC Sport

Scarlets head coach Wayne Pivac says he hopes to get revenge over Ulster when the sides meet again the next week.

We need debt bonfire, says analyst | Business  The Times

Only a globally co-ordinated debt “bonfire” can save the world's leading economies from depression now that monetary and fiscal armouries are exhausted, ...

Drug debt collector bashed with plank  Sunshine Coast Daily

A man, believed to be chasing a drug debt, was seriously injured when he was bashed with a plank outside a house in Townsville.

Milo Yiannopoulos 'more than $2m in debt', Australian promoters claim  The Independent

Far-right activist Milo Yiannopoulos had debts totalling more than $2m (£1.6m) during 2018, according to documents put together by his former Australian tour ...

Credit Card, Household Debt Studies Show Increasing Consumer Balances  ACA International

Overall, the reports from WalletHub and the Federal Reserve Bank of New York show an increase in credit card debt in the third quarter.

‘This debt must be settled’: IAAF extends Russia’s doping ban  The Guardian

The IAAF has extended its ban on Russia, with no clarity on whether it may be lifted before next year's athletics world championships in Qatar.

AB InBev Cut by Moody's Amid Struggles to Trim Massive Debt Pile  Bloomberg

Anheuser-Busch InBev NV's credit rating was cut to the lowest tier of investment-grade by Moody's Investors *Service*, which warned that the brewer is struggling ...

Tom Purcell: I'm dreaming of a debt-free Christmas  Times Record

Merry debt-fueled Christmas, America! According to a recent NerdWallet study, nearly 40 million Americans are still struggling to pay off credit-card debts from ...

Under Trump, the U.S. debt grew by the size of the Brazilian economy in just two years  Los Angeles Times

U.S. government debt is on track this year to rise at the fastest pace since 2012, as a stronger economy fails to keep pace with the wave of red ink that's rising ...

Egypt to reach normal rates of deficit, public debt: Minister  Egypttoday

CAIRO – 12 December 2018: Minister of Finance Mohamed Ma'it said that Egypt aims to reduce the total deficit to less than 5 percent of the gross domestic ...

Italy buys back €3.2bn of short-dated debt  Financial Times

Italy has bought back €3.2bn of its short-dated debt in a move that was financed by tapping an existing three-year bond. The Italian Treasury said in a statement ...

Surviving Debt  Business Today

In the middle of this year, July 7 to be precise, GVK achieved financial closure for the Navi Mumbai airport project. This is the first new venture it is taking up after ...

Aberdeen addict with drug debt fell victim to cuckooing  Aberdeen Evening Express

David Bruce was arrested after police found a quantity of heroin at his flat on March 2 this year. The 43-year-old has appeared at Aberdeen Sheriff Court and ...

RPT-Mexico president's Pemex plans rattle faith of debt-holders  Reuters

Mexican President Andres Manuel Lopez Obrador's declaration of war on "neo-liberal" economics has shaken investors holding Petroleos Mexicanos bonds, ...

Debt, relationship breakup and bullying top mental health concerns  The HR Director Magazine

Many mental health issues have a dynamic nature; every employee has different levels of mental health at any given time.

Senator, UMass official reflect on larger work, debt trends  Gloucester Daily Times

BOSTON — As the state's population ages, the labor force will lose some of its most experienced and productive workers, except for those who can be ...

Megabrew’s Megadebt Is a Megaproblem  Bloomberg

AB InBev's credit-rating downgrade only highlights the pain that's to come for equity investors. Big debt-funded deals are out of the question.

Tina Cantello: Man found guilty of debt collector murder  BBC News

Geoffrey Hutton stabbed Tina Cantello 30 times after she called to collect his loan repayment.

I'm dreaming of a debt-free Christmas  The Daily Star-Journal

Merry debt-fueled Christmas, America! According to a recent NerdWallet study, nearly 40 million Americans are still struggling to pay off credit-card debts from ...

The Debt Panel: 'I fled the UAE in 2010 without clearing my credit card. How do I return?'  The National

The former sales executive now wants to pay off his debt and take up a new job in the Emirates.

What's smarter – paying off debts or investing?  Hays Free Press

by Kevin M. Spotts It probably doesn't happen as much as you'd like, but you may occasionally have some extra disposable income. For example, perhaps...

UKDMO UK Regulatory Announcement: Issue of Debt  Business Wire

DMO-TAS031/2182/004 Eastcheap Court 11 Philpot Lane London EC3M 8UD T 020 7862 6500 F 020 7862 6509 12 De.

Greece's Famar restructures debt, gets Pillarstone investment  Reuters

ATHENS (Reuters) - Famar, a contract manufacturer to pharmaceutical industries, has completed a 174 million euro ($197 million) debt restructuring and ...

Does Becton, Dickinson and Company’s (NYSE:BDX) Debt Level Pose A Problem?  Simply Wall St

Becton, Dickinson and Company (NYSE:BDX), a large-cap worth US$63b, comes to mind for investors seeking a strong and reliable stock investment.

Thomas Cook shares climb despite market debt worries  Financial Times

Holiday group Thomas Cook appeared on track for its first day of gains in over a week on Wednesday, despite disagreement over the extent of the tour ...

S&P, Fitch downgrade Sri Lanka’s debt rating amid political crisis  Financial Times

Sri Lanka was downgraded by two major rating agencies on Tuesday, in the latest blow to the cash-strapped country as it grapples with ongoing political turmoil.

Urban Institute Maps US Car Loan Debt and Delinquency  CityLab

There's a reason cars can symbolize the American dream. In most places in the U.S., a vehicle doesn't just open up access to new destinations, but to better ...

Speaker Paul Ryan retires: his legacy is debt and disappointment

That's the increase between the deficit for fiscal year 2015 and fiscal year 2018 — that is, the difference between the fiscal year before Ryan became speaker of ...

Interserve shares fall as growing debt sparks fears over its finances  The Guardian

Shares in Interserve fell 7% on Friday morning after the government contractor said debts this year would be higher than previously expected, reigniting investor ...

S. Africa Will Have to Assume Eskom Debt, Rothschild Says  Bloomberg

South Africa faces no choice but to assume some of the debt of its troubled power utility, Eskom Holdings SOC Ltd., said Martin Kingston, the chief executive ...

Kier launches £264m rights issue to cut debt  Inside Housing

Social housing contractor Kier has launched a £264m rights issue in a bid to raise cash to pay off the company's growing debt pile. Linked In Twitter Facebook ...

How Turkey Created a Debt Crisis  Bloomberg

Erdogan's growth model was fueled above all by cheap money. In 2018, it finally ran out of road.

CANADA FX DEBT-C$ climbs amid optimism on U.S.-China trade negotiations  Reuters

The Canadian dollar strengthened against its U.S. counterpart on Wednesday, boosted by higher oil prices and investor optimism over trade negotiations ...

Goldman Sells Platform for Debt Aimed at Mom and Pop to Rivals  Bloomberg

Goldman Sachs Group Inc. sold a majority stake in SIMON, its proprietary platform that distributes complex investment products, to a cohort of Wall Street rivals.

How to avoid running up a debt this Christmas  Falmouth Packet

Citizens Advice Cornwall has released a Christmas list of 12 tips to help people avoid pressure on their household budgets.

'My husband ran up a £58,000 debt in my name'  BBC News

When she had her first baby, just before she turned 29, Annie had been married for eight years, managed 19 staff, and earned more than her husband.

RPM writes off Atlatsa debt; Atlatsa to go private  Creamer Media's Mining Weekly

Atlatsa and Rustenburg Platinum Mines (RPM) have entered into an agreement that will result in RPM acquiring the resources in Atlatsa's Kwanda North and ...

Rhode Island school district employs debt collection agency to get $45,000 lunch money from parents  Daily Mail

Rhode Island's Cranston School District has called in experts to help recover $45859. The district's boss, Raymond Votto, said it has tried to collect money itself ...

Chinese loans leave Sri Lanka with crippling debt burden  Channel 4 News

In the latest of our reports from Sri Lanka, where a constitutional crisis has pitted two rival politicians in a battle to be PM, one contender leans towards India, the ...

Effective measures to reduce risk crucial if govt takes on R100bn Eskom debt - Moody's  Fin24

Moody's weighs in on the credit implications for SA if the government adheres to Eskom's request for it to assume R100bn of its government-guaranteed debt.