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'Speaker McCarthy and I reached a budget agreement in principle' - Biden
'Speaker McCarthy and I reached a budget agreement in principle' - Biden
SUNDAY, MAY 28, 2023
US President Joe Biden and top congressional Republican Kevin McCarthy have reached a tentative deal to raise the federal government's $31.4 trillion debt ceiling, ending a months-long stalemate, McCarthy announced on Saturday."Each day I feel closer and better" : McCarthy optimistic on deal to avert US default
"Each day I feel closer and better" : McCarthy optimistic on deal to avert US default
SUNDAY, MAY 28, 2023
Speaker of the US House of Representatives Kevin McCarthy said on Saturday struck an optimistic note on negotiations with Democratic President Joe Biden aimed at raising the federal government's debt ceiling, as the nation faced risk of default in little more than a week.Biden, McCarthy meeting ends with no deal on debt ceiling
Biden, McCarthy meeting ends with no deal on debt ceiling
TUESDAY, MAY 23, 2023
President Joe Biden and House Speaker Kevin McCarthy could not reach an agreement Monday on how to raise the US government's $31.4 trillion debt ceiling with just 10 days before a possible default that could sink the US economy but vowed to keep talking.SEC seeks confirmation from Zipmex Thailand on payment default by investor in bailout
SEC seeks confirmation from Zipmex Thailand on payment default by investor in bailout
MONDAY, MARCH 27, 2023
The Securities and Exchange Commission (SEC) has told embattled Zipmex Thailand to clarify reports that a key investor in its bailout plan has failed to pay as scheduled.Many refusing to repay student loans despite fat bank accounts: study
Many refusing to repay student loans despite fat bank accounts: study
WEDNESDAY, DECEMBER 21, 2022
Graduates are still defaulting on repayments despite having more than enough savings to pay off their student loans, according to a study by the National Economic and Social Development Council.What’s happening in Sri Lanka and how did the economic crisis start?
What’s happening in Sri Lanka and how did the economic crisis start?
SUNDAY, APRIL 17, 2022
Sri Lanka is in the midst of one of the worst economic crises it’s ever seen. It has just defaulted on its foreign debts for the first time since its independence, and its people are facing crippling 12-hour power cuts, and an extreme scarcity of food, fuel and other essential items such as medicines.Wall Street hopes more time to pay can save Ecuador from default
Wall Street hopes more time to pay can save Ecuador from default
THURSDAY, APRIL 16, 2020
Ecuador's largest bondholders are likely to grant the government more time to meet debt payments as oil prices collapse and the coronavirus devastates the nation's trade hub. They have little choice.
Bond buyers urged to avoid investing heavily in just a few giants
Bond buyers urged to avoid investing heavily in just a few giants
FRIDAY, OCTOBER 11, 2019
Investors should beware of concentrating their investments in the bond issues of only a few giant corporates as this could expose them to risks, Tada Phutthitada, president of the Thai Bond Market Association (ThaiBMA), warned on Friday (October 11) in what was perceived as a reference to issues by CP Group and Thai Beverage.