Carvana stock surges 30% after it reaches a massive debt reduction deal
Shares of Carvana, the online used-car seller known for its tall, glass car-vending machines, surged by more than 30% in early trading Wednesday after the company reached a debt restructuring agreement.
1970-01-01 08:00
Move over, bitcoin: El Salvador sovereign bonds not done rallying
By Rodrigo Campos NEW YORK Investors in El Salvador international bonds are relishing 60% returns this year alone
1970-01-01 08:00
Evergrande's liabilities, depleted coffers raise business viability concerns
By Clare Jim HONG KONG China Evergrande Group's huge liabilities and diminishing cash disclosed in its long-overdue reports
1970-01-01 08:00
Nigeria's President Bola Tinubu declares state of emergency over food
The president plans to provide protection to farmers targeted by notorious kidnapping gangs.
1970-01-01 08:00
Joe Biden forgives $39 billion in student loan debt
The relief will help some 800,000 borrowers enrolled in income-driven repayment plans, officials say.
1970-01-01 08:00
Renegotiation for Brazilian consumer debts with government guarantees to start in September
BRASILIA Brazil's government announced on Friday that it would initiate a debt renegotiation program with Treasury guarantees in
1970-01-01 08:00
IMF approves $189 million payment to Zambia after first programme review
JOHANNESBURG (Reuters) -The International Monetary Fund's executive board has approved an immediate $189 million disbursement to Zambia following its first
1970-01-01 08:00
Exclusive-China's Qingdao sets up firm to bail out its local govt financing arms-sources
By Samuel Shen and Tom Westbrook Qingdao city in China's debt-laden Shandong province has set up a company
1970-01-01 08:00
Global public debt hits record $92 trillion - UN report
By Jorgelina do Rosario LONDON Global public debt surged to a record $92 trillion in 2022 as governments
1970-01-01 08:00
US Treasury seeks large position reports on bill maturing around debt ceiling deadline
WASHINGTON The U.S. Treasury Department on Tuesday said it was calling for Large Position Reports from entities holding
1970-01-01 08:00
CBO: US debt will spike to record high by 2029, despite debt ceiling deal
US debt held by the public will climb to a record high of 107% of gross domestic product in 2029, the nonpartisan Congressional Budget Office projected on Wednesday.
1970-01-01 08:00
US public debt burden to rise to 181% of GDP by 2053, CBO projects
WASHINGTON The U.S. public debt burden will reach 181% of economic output in 2053, the Congressional Budget Office
1970-01-01 08:00