Debt Crisis

Britain's council debt crisis is metastasizing

The lawns of suburban London have become a leading indicator of the state of local authority finances

Evergrande's massive debt crisis: A recent timeline of China property developer's growing challenges

Here is a recent timeline of how the financially troubled property developer's problems worsened.

Looming US debt crisis is in a late-stage big cycle, ace investor Ray Dalio says

The renowned investor's words reflect the growing unease among financial experts regarding the escalating debt burden in the United States, which now stands at a record of more than $31 trillion.

Economist and gold bug Peter Schiff sounds alarm on impending US dollar crisis

Schiff draws attention to the Federal Reserve's monetary policies as a key driver of the potential crisis. He argues that the central bank's continuous injection of liquidity into the financial system, combined with historically low interest rates, is leading to an erosion of the US dollar's value.

Pakistan, Sri Lanka to weigh rate hikes as inflation, debt bite

Pakistan’s inflation quickened by a record last month, beating the median estimate and setting the stage for another jumbo increase on Tuesday

A peep into Pakistan when inflation crimps life and livelihood

For months, the world’s fifth most populous country has edged closer to a debt default, echoing the cautionary tales of other developing economies, including Sri Lanka and Venezuela. Inflation is at a 48-year high

US hits debt ceiling: Here's what it means and way forward for the government

If the US Congress does not revise the debt ceiling and the time period lapses, the Treasury can manage the crisis and avoid default by using extraordinary measures.

A strong dollar is wreaking havoc on emerging markets. A debt crisis could be next

Compared with other currencies, the U.S. dollar is the strongest it has been in two decades. It is rising because the Federal Reserve has increased interest rates sharply to combat inflation and because America’s economic health is better than most.

ECB meets to tackle rout in bond market amid echoes of debt crisis

European Central Bank's policymakers were holding a rare, unscheduled meeting on Wednesday to discuss a blowout in borrowing costs for some euro zone nations, fanning speculation the bank may be gearing to act to calm markets.

Pakistan: Caught in the Dragon’s trap

The IMF in its latest country report on Pakistan, brought out in April this year, has quietly hinted that the country’s industry simply lacks the technology and sophistication necessary to compete in the modern world

Evergrande workers got a tough choice: Loan it cash or lose bonus

China’s most indebted company has seen its shares lose more than 80 percent of their value this year

Gold stuck near 5-1/2 year low as Fed rate hike looms

Gold hovered near its weakest level since early 2010 on Tuesday, reflecting investor hesitation to bid up bullion amid growing expectations of a near-term hike in US interest rates.

Gold retains losses as Fed says US economy only transitory

Gold retained losses from overnight on Thursday, as the Federal Reserve characterized the recent slowdown in the U.S. economy as only transitory, not ruling out an interest rate hike this year.

Union Budget 2015: WPI inflation, FII trends to drive mkts this week: Experts

Profit-booking may also be on the cards as benchmark indices Sensex and Nifty on Friday logged their fourth successive session of gains and regained 29,000 level and 8,800 mark respectively.

Data protection norms in EU may hurt Indian IT: Nasscom

The EU Data Protection Directive governs trans-border data flows and lays down conditions for transferring of personal data of EU citizens outside the region.

Aid giving by rich countries falls for a second year: OECD

Development aid from rich countries to some of the world's poorest fell for a second year in a row in 2012, as big European donor countries hit by years of debt crisis cut their spending.

IMF approves $1.25 bn disbursement to Ireland

The International Monetary Fund on Friday approved a USD 1.25 billion disbursement to Ireland under an existing loan program to aid the European island nation.

Election result may condemn Italy to weak, short govt

Italy's electoral earthquake seems to have condemned the country to the thing it needs least - a short-term government and new elections in as little as six months or a year.

Asian shares rise on positive euro zone data

Asian shares recovered on Wednesday as solid eurozone data calmed nerves jarred by potential political turmoil derailing the region's efforts to resolve its debt crisis, while the prospect of a dovish new governor for the Bank of Japan (BoJ weakened the yen.

POSCO Q4 profit misses forecast on weak China demand

POSCO, the world's No.5 steelmaker by output, reported a 45 percent fall in quarterly operating profit, missing a consensus forecast, as tepid demand and falling prices offset lower raw material costs helped by a firmer local currency.

IMF chief urges big world economies to promote growth

Nations around the globe need to press forward with fiscal and reform promises, especially in the United States and Europe, to reduce the uncertainties shackling growth, the head of the IMF said on Thursday, warning that the global economy barely dodged a bullet last year.