Debt

Few, if any, municipalities in default on their Eskom accounts will be able to comply with National Treasury’s recently announced Municipal Debt Relief plan, according to Ratings Afrika. National Treasury last month announced the new debt…

Now that the debt ceiling debate appears to have been resolved, we could see more risk-taking among investors. That's a good thing for smaller stocks, like the ones we buy for our portfolio. Below I take a closer look at what's going…

Pakistani Prime Minister Shehbaz Sharif warned world leaders at the COP27 climate talks last November that developing nations risk falling into a “financial debt trap” if they’re forced to turn to the markets to cover the mounting costs of…

With just two days to spare, President Joe Biden signed legislation on Saturday that lifts the nation's debt ceiling, averting an unprecedented default on the federal government's debt. The White House announced the…

The US government hit the debt limit back in January and has been using “extraordinary measures” since then to keep paying its bills. Economist Steven Pressman explains what the debt ceiling is and why we have it – and why it may be time…

© Reuters. FILE PHOTO: U.S. President Joe Biden delivers a speech on bipartisan legislation that lifts the federal government's $31.4 trillion debt ceiling, in his first Oval Office address to the nation at the White House in Washington,…

2/2 © Reuters. U.S. President Joe Biden speaks during debt limit talks with U.S. House Speaker Kevin McCarthy (R-CA) in the Oval Office at the White House in Washington, U.S., May 22, 2023. REUTERS/Leah Millis/File Photo 2/2 By Jeff…

Breadcrumb Trail Links PMN Business Author of the article: The Associated Press Chris Megerian Published Jun 03, 2023  •  3 minute read As seen through a window, President Joe Biden addresses the…

France managed to avoid a fresh credit downgrade from a leading rating agency on Friday, despite mounting concern over the country's surging national debt. Issued on: 03/06/2023 - 07:29…

2/2 © Reuters. FILE PHOTO: A tug boat pushes an oil barge through New York Harbor past the Statue of Liberty in New York City, U.S., May 24, 2022. REUTERS/Brendan McDermid 2/2 By Shadia Nasralla LONDON (Reuters) - Oil prices rose on…