Posts Tagged ‘debt’

Chrysler restructures debt deal

The US carmaker has shifted $1bn from loans to bonds, trimming its institutional loans to $2.5bn from $3.5bn and increasing its junk bond sale from $2.5bn to $3.5bn View full post on All Stories

German autos lead Europe shares higher

EUROPEAN shares ended higher, led by gains in Germany, though peripheral markets had a mixed session due to worries over sovereign debt. View full post on All Stories

We’re using tax refunds to pay down debt

By Mark Albright, Times Staff Writer Tuesday, February 22, 2011 What are Americans planning to do with their federal income tax refund? Buying a big-ticket item is once again not on many people’s shopping list: 13 percent, up slightly from 12.5 percent last year, according to Big Research in surveys done for the National Retail [...]

Flaherty eyes prudent bank lending to curb rise in Canadian household debt

To curb the alarming rise in Canadian household debt, federal Finance Minister Jim Flaherty urged Canadian banks Thursday to adopt prudent lending policies. He issued the proposal after Statistics Canada found that household debt reached a record-high level in the third quarter of 2010. View full post on All Stories

Fed buys $7.79 bln in U.S. debt; bonds stay down

NEW YORK (MarketWatch) — The Federal Reserve Bank of New York bought $7.79 billion in Treasury debt on Monday, the latest operation of the Fed’s second round of quantitative easing to support lending and spending. The amount includes purchases to be made under a previous program to reinvest cash from its maturing mortgage-related holdings back [...]

AIG files plan to pay off debt to New York Fed, prepare for Treasury stock swap

Insurance giant American International Group on Wednesday formalized plans to pay off its debt to the Federal Reserve Bank of New York and set the stage for the Treasury Department to sell a significant portion of its stake in the firm early next year. View full post on All Stories

Fed buys $1.63 bln in inflation-linked debt

NEW YORK (MarketWatch) — The Federal Reserve Bank of New York bought $1.63 billion in Treasury debt on Wednesday, the latest operation of the Fed’s second round of quantitative easing to support lending and spending. The amount includes purchases to be made under a previous program to reinvest cash from its maturing mortgage-related holdings back [...]

Solving Federal Debt Crisis Hinges On Compromises

A new plan from the heads of a White House commission, calling for significant spending cuts and new tax revenues, faces protests from both the left and the right. But its authors say lawmakers can either deal with the rising debt or have a fix thrust upon them by those lending money to the U.S. [...]

Fed buys $2.169 bln in debt; Treasurys lose gains

NEW YORK (MarketWatch) — The Federal Reserve Bank of New York bought $2.169 billion in Treasury bonds on Friday, the latest in almost-daily operations as the Fed engages in a second round of quantitative easing to support lending and spending. The amount includes purchases to be made under a previous program to reinvest cash from [...]

Greenspan warns of bond crisis

Former Federal Reserve chairperson Alan Greenspan says the US must move to rein in its massive budget deficits. ||| Washington – The United States must move to rein in its massive budget deficits or it faces the risk of a bond market crisis, former Federal Reserve chairperson Alan Greenspan said on Sunday. “We’ve got to [...]

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