Americans' credit card debt hits a record $1 trillion
Americans' credit card debt levels have just notched a new, but undesirable, milestone: For the first time ever, they've surpassed $1 trillion, according to data released Tuesday by the Federal Reserve Bank of New York.
1970-01-01 08:00
Country Garden misses bond payments as China property fears flare
By Clare Jim HONG KONG (Reuters) -Country Garden said on Tuesday it has not paid two dollar bond coupons due
1970-01-01 08:00
Climate change puts sovereigns at downgrade risk, study finds
By Mark John A global failure to curb carbon emissions will lead to rising debt-servicing costs for 59
1970-01-01 08:00
Analysis-China can no longer 'extend and pretend' on municipal debt
By Kevin Yao and Samuel Shen BEIJING China's promised "basket of measures" to defuse local government debt risks
1970-01-01 08:00
Factbox-Credit rating: The shrinking 'triple A' club
Ratings agency Fitch on Tuesday downgraded the U.S. government's top credit rating by a notch to 'AA+' sending
1970-01-01 08:00
Asian markets tumble after Fitch downgrades US debt
Asian markets fell broadly Wednesday after ratings agency Fitch downgraded its US debt credit rating from the highest level, citing "a steady deterioration in standards of governance."
1970-01-01 08:00
Exclusive-Chinese cities tighten property firms' access to escrow funds-sources
By Clare Jim and Ziyi Tang HONG KONG/BEIJING Some Chinese city governments have made it harder for developers
1970-01-01 08:00
US Treasury yields edge lower after Fitch downgrade
By Kevin Buckland TOKYO U.S. Treasury yields edged down in Tokyo on Wednesday after ratings agency Fitch lowered
1970-01-01 08:00
Fitch downgrades US debt rating
Fitch Ratings downgraded its US debt rating on Tuesday from the highest AAA rating to AA+.
1970-01-01 08:00
IMF warns Italy on debt, delays in post-COVID recovery plan
ROME Italian policies that slow public debt reduction or delay receiving European pandemic recovery funds could make it
1970-01-01 08:00
Hong Kong court to hold hearings on China Evergrande restructuring plan in September
By Clare Jim HONG KONG (Reuters) -A Hong Kong court on Monday said it will hold sanction hearings on Sept.
1970-01-01 08:00
Biden asks aides for options preventing future debt limit crisis
By Trevor Hunnicutt WASHINGTON U.S. President Joe Biden asked a group of aides to explore "all legal and
1970-01-01 08:00