Category: Debt
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Senegal’s dollar bonds fall after audit reveals larger debt and deficit By Reuters
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Written by Duncan Miriri NAIROBI (Reuters) – Senegal’s dollar sovereign bonds fell on Friday after a government review revealed larger debt and deficit numbers than the previous administration announced, TradeWeb data showed. Recently elected President Basseru Diomai Faye, who ordered the audit, blamed the previous government for publishing false figures,…
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Kenya eyes UAE-backed Sh193bn debt as IMF delays
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Kenya has turned to $1.5 billion (Sh193.8 billion) in UAE-backed bonds in the wake of faltering IMF financing to plug the country’s financing shortfall as UAE royals seek wider influence in Africa. . The UAE will guarantee the bonds while Kenya expands the scope of financing available after the withdrawal…
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Donald Trump Says Crypto Could Help Pay Off $35 Trillion U.S. Debt
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Donald Trump has increasingly embraced Bitcoin and cryptocurrencies during his 2024 presidential campaign. Recently, when asked about the future of cryptocurrencies, Trump responded that he believes “cryptocurrencies have a great future” and floated the idea of using them to pay off the $35 trillion US national debt. BREAKING: ?? Donald…
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Donald Trump Says Crypto Could Help Pay Off $35 Trillion U.S. Debt
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Donald Trump has increasingly embraced Bitcoin and cryptocurrencies during his 2024 presidential campaign. Recently, when asked about the future of cryptocurrencies, Trump responded that he believes “cryptocurrencies have a great future” and floated the idea of using them to pay off the $35 trillion US national debt. BREAKING: ?? Donald…
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Investors are betting on Wizz Air taking a bigger hit than its rivals amid price wars, debt and engine issues
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With travel expectations weakening as consumers hold back on spending, sellers are betting that one budget airline will fare worse than its European peers. The shares offered for trading, which indicate short interest, represent 13% of Wizz Air Holdings Plc’s shares available for trading, according to the latest data from…
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Crypto Millionaire Loses $43 Million In Trading Bet, Rakes Up $132 Million In Debt
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The cryptocurrency industry is known for its volatility and high-risk trading, which can turn disastrous if not managed properly, even for highly experienced crypto traders. One such loss is the case of millionaire James Fickell, who suffered a huge loss in 2011. Bold bet on Ethereum He inflicted heavy losses…
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UK debt could triple to 300% of GDP within 50 years, OBR warns
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The Office for Budget Responsibility has warned that UK public debt could rise to 300% of GDP over the next half-century, due to rising costs linked to climate change and an ageing population. In its latest report on long-term fiscal risks, the independent watchdog warned that current policy choices and…
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Roots Corporation Q2 2024 sales dip, debt reduction on track By Investing.com
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Roots Corporation (ROOT), a prominent lifestyle brand, reported a slight decrease in sales for the second quarter of 2024 during its Analyst Conference Call on September 13, 2024. Despite the sales dip, the company successfully reduced its net debt and maintained stable adjusted EBITDA losses. CEO Meghan Roach highlighted the…
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South Korea warn that rapid pick-up in household debt may turn into systemic risk.
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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China stops short of Africa debt relief as pledges more cash By Reuters
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By Duncan Merry and Laurie Chen NAIROBI/BEIJING (Reuters) – China declined to provide debt relief sought by several African countries this week, but pledged 360 billion yuan ($50.7 billion) over three years in credit lines and investments. Launched in 2000, the Forum on China-Africa Cooperation (FOCAC) has taken on an…
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Flame Tree slumps to Sh91m loss on high debt service costs
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Listed Flame Tree Group posted a loss of Sh90.6 million in the first half of the year ended June 2024, as higher debt servicing costs erased a Sh6.7 million profit from last year. The company’s financing costs rose by 48.1 per cent to Sh181.3 million from Sh122.4 million previously, as…
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Swiss finance minister chides US, Europe over ‘time bomb’ debt levels By Reuters
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ZURICH (Reuters) – Debt levels in the United States and Europe pose a risk to international financial stability and to Switzerland, Swiss Finance Minister Karin Keller-Sutter said in a newspaper interview published on Saturday. In an interview with the Swiss daily Blick, Keller-Sutter praised Switzerland’s “disciplined” finances, which she said…
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Landas lab-grown diamonds co LUSIX seeks debt settlement
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Benny Landa’s LUSIX wants to reach a debt settlement with its creditors to stabilize the company after lab-grown diamond prices fell by 90% on global markets. Beneland’s Lab Grown Diamond (LGD) Product Lucix Losix is expected to seek a settlement after failing to raise money from existing investors led by…
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JPMorgan: You can profit 70% of the time you buy the dip in corporate debt
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It’s usually worth buying U.S. corporate bonds when the market is weak, according to a research note from JPMorgan Chase & Co. Investors who buy high-quality U.S. corporate bonds when spreads widen have made profits over the next three months about 70% of the time, strategists led by Eric Benstein…
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Urgent reforms needed to tackle mounting debt crisis in Africa
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Africa’s debt stocks have grown significantly over the past decade. Understandably, African governments took advantage of historically low interest rates in the 2000s and borrowed heavily from international capital markets and China. But debt has become more expensive lately. Since 2020, the impacts of COVID-19 and the ongoing war in…
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Trump’s unconventional plan to erase $35t debt
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Former President Donald Trump has suggested using Bitcoin to eliminate the $35 trillion US national debt. The US national debt continues to rise, and the Republican presidential candidate has a bold idea to address the issue: give Bitcoin (BTC) to China to pay off US debt. “Cryptocurrency is a very…
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Trump’s unconventional plan to erase $35t debt
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Former President Donald Trump has suggested using Bitcoin to eliminate the $35 trillion US national debt. The US national debt continues to rise, and the Republican presidential candidate has a bold idea to address the issue: give Bitcoin (BTC) to China to pay off US debt. “Cryptocurrency is a very…
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RBC, Deutsche Bank plan US$4.5-billion debt sale for R1 RCM
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Article Content Deutsche Bank and Royal Bank of Canada are preparing to issue a $4.5 billion debt package to help finance Towerbrook Capital and Clutton Dubilier & Rice’s planned purchase of R1 RCM Inc., according to people familiar with the matter. The financing could include a leveraged loan of up…
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Rubicon Organics Announces Debt Settlement Agreement
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This section is Partnership Content Provided The content in this section has been provided by GlobeNewswire for the purposes of distributing press releases on behalf of its clients. Postmedia has not reviewed the content. by Globe Newswire Breadcrumbs Path Links Globe Newswire Article author: Published on July 30, 2024 •…
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The market is flashing signs of a dangerous debt bubble with losses that could be ‘contagious,’ economist says
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Getty Images; Alyssa Powell/PA The market faces the risk of a harmful debt bubble, which could spread losses across the financial sector. Economist Dambisa Moyo warns against stocks being overvalued due to AI hype. Moyo highlights the risk of highly leveraged non-performing assets, similar to the 2008 crisis. The stock…