- The Latest Debt News and Information
EM groups will pay heavy price for gorging on debt  Financial Times

Less investment for growth and yet more borrowing beckons.

Olivier Blanchard on debt: “Relax. Don't relax too much, but relax”  Financial Times

Author of the standard textbook on macroeconomics, former head of research for the International Monetary Fund, currently at the Peterson Institute for ...

Average household debt in Burnley up by 25% since 2014  Burnley Express

The average Burnley household's borrowing increased by 25% over the last five years, following the national trend of people taking on more new credit card and ...

Bank of England reviews impact of student debt on financial stability  Financial Times

Central bank examines how debt could affect graduates' ability to spend and pay other debts.

Nick Skelton's debt to the show jumping 'complete one-off' Ted Edgar

No one will walk in Ted Edgar's footsteps.” Those were the words of 1960 BBC Sports Personality of the Year David Broome, reflecting on his brother-in-law ...

China corporate debt defaults may lead to crisis, global contagion  Business Insider

The sheer scope of debt levels in China are leading to fears that the country could be teetering on the edge of a crisis.

Fears of excessive debt drive more countries to cut down their Belt and Road investments  CNBC

In recent months, countries such as Pakistan, Malaysia, Myanmar and Sierra Leone have either canceled or backed away from previously negotiated ...

New Look to regroup after restructuring debt  Drapers

New Look's refinancing, aimed at reducing its long-term debt by 80%, will put the retailer “on the front foot” in tackling its turnaround strategy, executive chairman ...

This is the best place to live in America to pay down debt  CNBC

LendingTree recently analyzed data in 50 of the biggest metro areas in the U.S. to find which city was the best to live in if you're looking to pay down debt.

Gymboree files for Chapter 11 as more retailers restructure debt  Reuters

NEW YORK, Jan 18 (LPC) - Children's retailer Gymboree Group Inc has filed for Chapter 11 bankruptcy protection, joining a growing list of brick-and-mortar ...

China’s globetrotting labourers face dangers and debt  Financial Times

Overseas workers struggle amid long hours, unsafe conditions and unpaid salaries.

Debt? What debt? At $22 trillion, here's the argument the national debt doesn't matter  CNN

So much ink has been spilled for so long on the national debt, it might be nice if that $22 trillion plus on the red side of the US balance sheet just didn't really ...

Brotherton recruits pbb's Vaughan to launch debt distribution business  Property Week

Brotherton Real Estate has hired pbb Deutsche Pfandbriefbank's head of UK syndications Tim Vaughan to launch Brotherton Debt Distribution.

Student stayed debt-free at uni doing night shift until 8am then starting classes at 9am  Daily Record

Dedicated Micheal Olorode has avoided taking out a student loan by working 10-hour shifts to pay for his rent, bills, books and food.

Brexit threat exposes frailties in UK debt markets  Financial Times

Foreign investors are 'sitting on their hands', leaving some asset classes at risk.

Return of risk-on fuels worst government debt outflows since October: BAML  Reuters

Government bonds suffered the biggest weekly outflows since October last year as investors plowed money into emerging market and high-yield debt, Bank of ...

Uganda Might Have A Debt Problem But It's Not Going To Be A Large One  Continental Telegraph

It's always entirely possible that a developing country can have a debt problem. For there are those cautionary tales of places which manage to regress - always.

As China’s debt soars, the market for buying bad loans revs up  The Economist

FOR MANY investors, debt in China is something to fear, a shadow over the world economy. But for a different breed, it looks more like a terrain of untapped ...

New Look aims to cut debt by £1bn in restructuring plan  City A.M.

New Look will cut debt by £1bn as part of a restructuring deal agreed with investors, the fashion retailer announced this morning.

Hundreds of people in Barrow in debt owing more than £1m - shock report reveals  NW Evening Mail

BARROW'S debt crisis soared past a million pounds last year, according to a shocking new report.

Average UK household debt now stands at record £15,400  The Guardian

Britain's household debt mountain has reached a new peak, with UK homes now owing an average of £15,385 to credit card firms, banks and other lenders, ...

Student Debt Is a Driver of Low Millennial Homeownership  Bloomberg

American homeownership has been on the decline, and Federal Reserve researchers point to the high cost of college as one culprit.

Shutdown leaves Puerto Rico bondholders in dark over debt swap  Accounting Today

Puerto Rico's plan to slash its sales-tax-backed debt relies on a tax-free exchange of old bonds for new ones. But the partial U.S. government shutdown has ...

Attorney could keep wolf from the door over credit card debt  Houston Chronicle

Q: Should I hire an attorney if a creditor has sued me for nonpayment of a credit card? What happens if I don't have the money to pay the bill and court fees?

Things to watch in 2019: Debt and emerging debt crises

More than a decade after the last global financial crisis hit, the next wave of defaults is lapping at our shores. Financing conditions will become more difficult in ...

A World Of Debt - Where Are The Risks?  Seeking Alpha

Since the financial crisis of 2008/2009, global debt has increased to reach a new all-time high. This trend has been documented before in articles such as the ...

The world is swimming in R3,360 trillion of debt  Business Insider South Africa

Global debt is hovering near an all-time high at R3,360 trillion (that's more than three thousand trillion) the Institute of International Finance said in a new report.

Mozambique ruling party grapples with $2bn state-debt scandal  TimesLIVE

When former Mozambican finance minister Manuel Chang was arrested at Johannesburg airport over the Christmas holidays, it triggered a political crisis ahead ...

Here's How Much Debt Collectors Earn In Every State  Forbes

Ever wonder what one of the most disdained jobs in the country earns a year? Now it's time to find out how much money debt collectors are taking home in each ...

Provident Financial warns on profit after rise in bad debt  Financial Times

Subprime lender reports tougher trading at Vanquis credit card division.

Outlier Analyst Sees Debt-Fueled Buybacks Rescuing US Equities  Bloomberg

Equity investors can count on an increase in debt-funded share buybacks this year to help send U.S. stocks to record highs, according to a strategist at ...

The 'paradox of debt'—or how to avoid austerity again • Social Europe  Social Europe Journal

The Spanish government's budget proposals show some break with the austerity of its conservative predecessor. But there is still an excessive commitment to ...

Fabinho reveals his debt of gratitude to Jurgen Klopp and Virgil van Dijk at Liverpool  Liverpool Echo

Brazilian midfielder has stepped up and showcased his versatility in recent weeks.

Debt headache? Reboot your finances for the new year  The Guardian

Did you blow your budget in December? In a few days' time, the first set of post-Christmas credit card bills will land on doormats – and for many they will not ...

Alexandria Minerals Announces Debt Settlement TSX Venture Exchange:AZX  GlobeNewswire

TORONTO, Jan. 18, 2019 (GLOBE NEWSWIRE) -- Alexandria Minerals Corporation (TSX-V:AZX) (OTCQB:ALXDF) (Frankfurt:A9D) (“AZX” or the “Company”) ...

Student debt is depleting rural America  Axios

College students from rural areas are moving to big cities for higher wages to help pay off their student loans, according to new research from the Federal ...

Brexiteers owe Dominic Grieve and Gina Miller a debt of gratitude

If, as seems inevitable, the Commons votes to reject Theresa May's Brexit deal later today – thereby sparing Britain from the humiliation of being trapped…

Hedge funds target AA over debt pile

Hedge funds have ramped up their bets against the AA, piling pressure on chief executive Simon Breakwell to get to grips with its enormous debts.

There’s Not Enough Debt in the World  Bloomberg

It may be a cliché, but it's true that the world's awash in debt. In its quarterly update, the Institute of International Finance said on Tuesday that the world's debt ...

Don't let Instagram envy get you into debt  Newsday

Make plans and choose travel experiences based on what makes you happy, not on a highly filtered version of someone else's life.

Heavy debt of Indian airlines a problem: IATA Chief  Economic Times

Mumbai: The International Air Transport Association (IATA) feels that the balance sheet of Indian airlines is a problem common with most carriers having a heavy ...

U.N. members owe $2 billion in debt to peacekeeping, U.S. owes a third  Reuters

UNITED NATIONS (Reuters) - U.N. member states owe nearly $2 billion in peacekeeping funds, United Nations chief Antonio Guterres has warned, with the ...

Record year: Sustainable debt market surges forward in response to growing global demand

The global green finance market enjoyed another impressive year in 2018, as record levels of sustainable debt were issued on the back of solid growth from the ...

Debt consolidation a way to tackle Christmas credit card hangovers, says Derry Credit Union President  Derry Journal

Derry Credit Union (DCU) President Alfie Bradley has urged people to tackle expensive credit card debt with a debt consolidation loan.

MMC $5bn debt in line with analysts' expectations  The Insurance Insider

Marsh & McLennan Companies' (MMC's) $5bn debt issue to finance the acquisition of JLT will increase its leverage but within a manageable level, analysts ...

Foreign debt rises on account of strengthening rupiah - The Jakarta Post  Jakarta Post

The strengthening rupiah in November led to an increase in Indonesias external debt, Bank Indonesia data has revealed. Meanwhile, the private sector also ...

The Bear Necessities: Finding Value in a Sea of Debt  The Wall Street Journal

This week's annual parade of bears and bulls in London showed an intriguing agreement on two points: Companies with little debt are very expensive, and ...

Universal Credit delay ‘traps Brits in debt and forces them to food banks to pay it all back, charity warns  The Sun

UNIVERSAL Credit's five week wait for help is trapping Brits in debts which they can't ever repay, a charity has warned. Christians Against Poverty say that the ...

Moody's: Rising government debt hampers banking sector  Fin24

Rising public debt levels affect a country's banking sector, with banks preferring to lend to government, which is seen as lower risk, according to Moody's senior ...

Have we been misled over the importance of government debt?  The Independent

Fiscal illusion” sounds like the kind of thing Derren Brown might do to your wallet in front of a packed theatre. But actually, fiscal illusions are what perturb ...

Copeland council has written off debts of more than one million pounds since 2015  News & Star

COPELAND council has written off debts of more than one million pounds since 2015, with the crisis blamed on previous administrations.

Are You Struggling With Medical Debt?  NPR

Have you or someone close to you been struggling with medical bills you can't pay. NPR is doing a story about the best strategies for dealing with medical debt ...

BNP Paribas' European Special Opportunities fund offers access to private debt  Institutional Asset Manager

Last October saw BNP Paribas Capital Partners launch its European Special Opportunities fund. Gilles Guerin, CEO, explains that Capital Partners is a ...

Czech democracy ‘under threat’ from rising debt crisis  The Guardian

Snowed under with debts from a failed business, Renata's hands shook as she told a tale of financial misery that drove her to contemplate suicide and visited ...

PG&E's troubles hit debt ratings of 550-MW Topaz solar park  Renewables Now

January 18 (Renewables Now) - Topaz Solar Farms LLC, the holding company for the 550-MW Topaz solar power station in California, has suffered a couple of ...

‘Modern Monetary Theory’ Is a Joke That’s Not Funny  Bloomberg

Yes, a government that issues its own currency can pay its bills. But piling up debt for no urgent reason is lunacy.

Average weekly childcare cost of £166 putting Northern Ireland families in debt  Belfast Telegraph

Families here spend an average of £166 a week on childcare, making it the largest or second largest monthly bill for two-thirds of households.

SoftBank Takes Small Step to Reduce Giant Debt With Bond Buyback  Bloomberg

SoftBank Group Corp. bonds jumped after the company offered to buy back its notes, in a small step by billionaire Masayoshi Son's firm to cut its massive debt ...

Paying off debt is a pressing issue for Gen X and younger boomers  CNBC

While 70 percent of this demographic were able to set aside money for their later years in 2018, building that nest egg is not their current focus — paying down ...

Judge hears major Puerto Rico debt restructuring case  ABC News

A court hearing on a major restructuring of Puerto Rico's mammoth debt opened Wednesday, with protesters warning the deal would further indebt the U.S. ...

Fact Check: Puerto Rico’s Per Capita Debt  Global Banking And Finance Review

Recent discussions of Puerto Ricos debt levels by both Puerto Rico officials and the Financial Oversight & Management Board for Puerto Rico represent t.

Jet Airways actively considering resolution plan to infuse capital, reduce debt  The News Minute

Financially stressed Jet Airways on Wednesday said that a resolution plan to infuse capital and reduce debt of the company is under active consideration.

The British high street crisis is due to debt, not Brexit  New Statesman

In 2018, the British high street endured its worst Christmas since the global financial crisis of 2008. Figures released by KPMG, which audits many of the firms in ...

New Look to slash long-term debt by £1bn | London Business News  London Loves Business

Struggling retailer New Look has agreed to a restructuring plan to slash its long-term debt by £1bn as it seeks to position the group for a return to profitability.

Paying down debt should be a priority for low income workers, but it's still important to save, experts say  Financial Post

TORONTO — Investment planning can often be seen as a luxury for the financially stable but advisers say that it's especially important for those who are starting ...

How to pay off all your debt in January 2019 with these easy steps

Christmas spending will have put the average person further into debt as the New Year starts. But it is possible to pay off a significant chunk in January.

US national debt rises $2 trillion under Trump  CNN

The US national debt stood at $21.974 trillion at the end of 2018, more than $2 trillion higher than when President Donald Trump took office, according to ...

Average Household Debt Climbs to New High of £15,400  Money Expert

The TUC (Trades Union Congress) has released figures showing that average unsecured debt per household in the UK has reached a new peak of just under ...

Looming debt trap  Business Recorder

The government is fast falling into a domestic debt trap; sooner it is fixed, the better it is. With government by far being the biggest client of the banking.

Debt-saddled Brits forced onto the breadline by credit vultures  Mirror Online

The Daily Mirror's Fair Credit for All campaign aims to shine a light on the interest rates rip-off experienced by millions in the UK.

Gambler mum who ran up £70000 in debt is inspiration behind ITV's latest show starring Sheridan Smith  St Helens Star

A MUM-of-one, whose story of racking up £70000 of debt by betting online has inspired the ITV series Cleaning Up, has called for more support for…

Foreign Holdings of South Africa Debt Lowest in Almost Two Years  Yahoo! Finance News

(Bloomberg) -- Foreign ownership of South African government debt is declining, but that's not necessarily a bad thing. Non-resident holdings of the country's ...

Rich students escape debt by paying uni fees upfront - Your Money  Your Money

The wealthiest 10% of students at English universities pay their tuition fees upfront, research reveals.

Natty Light is donating $10 million to offset 'crippling' student-loan debt, and it reveals a dark reality about America  Business Insider

Natural Light on Tuesday announced plans to donate $10 million to offset student-loan debt.

The Gym Group shares weighed down by higher debt predictions despite 2018 revenue growth  Proactive Investors UK

The Gym Group PLC (LON:GYM) - The firm expected revenues for 2018 to be up 35.6% at £123.6mln, however acquisitions and investments meant net debt ...

Vast Resources PLC  Proactive Investors UK

Vast Resources PLC's (LON:VAST) CEO Andrew Prelea spoke to Proactive London's Andrew Scott to add detail around a letter sent to shareholders by ...

Triple-B movie: ‘Big Short’ star fears for debt-laden companies  Financial Times

In an economic slump, buyers for BBB-rated bonds may be hard to find.

Why I'm Holding Cash And Gold: Worsening Bond/Debt Outlook  Seeking Alpha

The United States is running an unusually high federal deficit of 4% of GDP, projected to soon increase to 5% of GDP, during a bull market and economic ...

Suspected gun used during robbery of debt collector  Portadown Times

A suspected firearm was used to threaten and rob a debt collector this afternooon.

How to cure a Christmas debt hangover  The Independent

You had a great Christmas. You enjoyed picking the best gifts for the people you love, you ate and drank well, and you caught up with friends and family you ...

Bognor teenager racked up £8,000 debt with notorious drug dealer before drug-driving arrest  Bognor Regis Observer

A Bognor Regis man caught driving with four different drugs in his system was 'beyond his depth' after racking up thousands of pounds of drug debt.

Foreign holdings of SA debt lowest in nearly two years  Fin24

Foreign ownership of South African government debt is declining, but that's not necessarily a bad thing. Non-resident holdings of the country's bonds dropped to ...

Can Hollywood’s Biggest Media Companies Avoid Getting Crushed by Debt?  Variety

Media giants have piled up mountains of debt. AT&T, Disney and Comcast now need to make sure they don't get crushed under those obligations.

Why are we contemplating saddling the Pacific with more debt?  The Sydney Morning Herald

Given the Pacific's debt is already about $5.5 billion, how is loading our neighbours up with more helpful?

15% Distribution Growth, No Debt, And 21% Below Lowest Price Target: Hess Midstream Partners LP  Seeking Alpha

HESM has had 15% distribution growth over the past four quarters, and management guided to 15% payout growth again for 2019. It's debt-free, with an ...

Flat profit, rising debt are growing worries for Reliance  Livemint

While Reliance Jio and Reliance Retail are growing at a brisk pace, the heavy lifting—as far as driving growth goes—stays with the mainstay refining and ...

UPDATE 2-Italian bonds shine on solid debt sale, gilt selloff hurts broader EZ markets  Reuters

Italy's bond yields tumbled on Wednesday after record demand for a new 15-year bond a day earlier, while a selloff in UK gilts after a hefty parliamentary defeat ...

Pizza Express debt: UK High Street chain owes £1billion in debt | Daily Star  Daily Star

PIZZA Express has debts of around £1billion with bosses blaming adverse weather conditions for a "significant impact" on sales.

Debt-plagued dad fraudulently sold goods online after he was 'threatened by loan sharks'  Chronicle Live

Craig Swinburn, 39, was almost jailed after going to Gumtree to swindle his bosses.

Puerto Rico Tests the Trump Strategy to Wipe Out Debt  Bloomberg

A federal oversight board says more than $6 billion of bonds should be declared null and void. Trump spoke about erasing the island's debt in 2017.

Regency Mines shifts main burden of debt repayments into 2020 with convertible issue, loan note re-profiling  Proactive Investors UK

Regency Mines PLC (LON:RGM) - The AIM-listed firm said it has raised £676000 through the issue of £676000 of convertible notes, with accompanying ...

Greece must regain full access to debt markets - EU's Moscovici  Reuters UK

Greece should regain full access to debt markets and all efforts should be made to that end, EU Economics Commissioner Pierre Moscovici said on Wednesday.

Gundlach's warning on 'ocean of debt' adds to worries over corporate bonds  CNBC

Investor Jeffrey Gundlach warns that the debt load is about to become a bigger problem. "We are talking about the creation of an ocean of debt," Gundlach tells ...

Aurora Cannabis up 3% on pricing $300M convertible debt offering  Seeking Alpha

Aurora Cannabis (ACB) prices its 5.5% convertible senior notes due 2024 at par. The Company will issue $300M aggregate principal amount of notes, ...

California student debt doubled in last decade  Sacramento Bee

Californians owed $133 billion in student loan debt in late 2018, more than double the amount owed a decade earlier, according to a new analysis from credit ...

Debt worries keep one in 10 of us up at night: tips to take back control  Your Money

More than one in ten Brits say worrying about their financial situation regularly keeps them up at night.

Credit cards get the hate, but HELOCs are the crushing debt  The Globe and Mail

Debt has to be the most talked about personal finance topic of the past decade. Somehow, financial planner Shannon Lee Simmons has found something *fresh* ...

Buyout deal for Birmingham debt firm  Birmingham Post

A Birmingham-based debt advisory firm has been bought out by personal insolvency provider Creditfix. B2C Finance, which trades as Back2Credit, is based ...

‘Stealth Easing’ Spreads in China Property as Debt Risks Mount  Bloomberg

Stealth easing” is Nomura Holdings Inc.'s description of measures rolled out in some Chinese cities in recent months to counter a faltering property market.

The 5 Cheapest Ways To Pay Off Credit Card Debt Fast  Forbes

Of course, the faster you pay off credit card debt with as little cost as possible the better. But which method is the fastest? Which is the cheapest, and can you get ...