America’s debt problem is storing up trouble for the rest of the world: The high and rising level of US government debt risks driving up borrowing costs around ...
cnn.com/2024/04/17/economy/america-debt-interest-rates/
Quick Glance: IMF Warns of Fiscal Deficits in US and China
- The IMF has warned the US that its massive fiscal deficits have stoked inflation and pose “significant risks” for the global economy.
- Concerns were also raised about Chinese government debt, with the country projected to have a deficit of 7.6 per cent in 2025, more than double the average for other emerging markets.
- In addition to the US and China, the fund named two more countries that “critically need to take policy action to address fundamental imbalances between spending and revenues”.
- The IMF noted that “large and sudden increases” in US borrowing costs typically lead to surges in government bond yields globally and exchange rate turbulence in emerging markets and developing economies.
Golden Age For EM Bonds: Sharply rising precious metals prices and strong fiscal and monetary stances in EM bonds may provide opportunities for emerging markets ...
seekingalpha.com/article/4685594-golden-age-for-em-bonds
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US proposes debt to fund Ukraine using profits from frozen Russian assets: Hope that Washington’s idea could generate tens of billions in cash for Kyiv
ft.com/content/6cb21054-ccfc-4cb9-ab58-516d80be94de
BAILOUT BATTLE: The president's latest loan forgiveness plan comes even as the national debt continues to surge. www.foxbusiness.com/politics/bidens-latest-tudent-loan-handouts-could-cost-750-billion
Shilling gain cuts external debt by Sh1.12 trillion: The stock of external debt has fallen by Sh1.124 trillion in less than three months.
businessdailyafrica.com/bd/economy/shilling-gain-cuts-external-debt-by-sh1-12-trillion--4586234
Fact check: Is Biden or Trump better for the US economy?: Who is the more economically competent, Trump or Biden? One has public opinion on his side; the data ...
dw.com/en/fact-check-is-biden-or-trump-better-for-the-us-economy/a-68755181
Biden announces new plan to forgive student loan debt for millions: President Biden on Monday announced new plans to cancel student debt for millions of ...
pbs.org/newshour/show/biden-announces-new-plan-to-forgive-student-loan-debt-for-millions
Commentary: Beyond the SEA Games, is Singapore ready to host major sporting events?
channelnewsasia.com/commentary/singapore-decline-host-commonwealth-games-ready-major-sporting-events-sea-games-4263276
America’s interest rates are unlikely to fall this year: That will squeeze financial markets and the world economy
economist.com/leaders/2024/04/17/americas-interest-rates-are-unlikely-to-fall-this-year
Ratings agency Fitch lowers China’s sovereign credit outlook to negative: Beijing says it is ‘disappointed’ with decision by US-based ratings agency.
aljazeera.com/news/2024/4/10/ratings-agency-fitch-lowers-chinas-sovereign-credit-outlook-to-negative
Quick Glance: Fitch downgrades China's sovereign credit outlook
- Fitch Ratings has downgraded China’s sovereign credit outlook to negative, prompting pushback from Beijing.
- The downgrade reflects “increasing risks to China’s public finance outlook” as the country attempts to move away from real estate-led growth.
- Fitch said it expected the government deficit to rise to 7.1 percent of gross domestic product (GDP) in 2024, up from 5.8 percent last year.
- China’s economy, the world’s second-largest, is grappling with slowing growth amid a host of headwinds, including a shrinking population, weak consumption, a prolonged real estate slump, and capital outflows.
UK government borrowing surpasses forecast in last fiscal year: Official figures revealing borrowing for the last fiscal year in the United Kingdom exceeded ...
dailysabah.com/business/economy/uk-government-borrowing-surpasses-forecast-in-last-fiscal-year
EU Parliament approves new debt rules: Reduce national debt, increase public tasks: the reform of the debt rules attempts to do both at once.
sueddeutsche.de/politik/eu-schuldenregeln-beschlossen-1.6565642
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CA$H CRUNCH: The alarming report and what it means for America's future and your bottom line.www.foxbusiness.com/politics/us-national-debt-interest-exceeds-defense-spending-cbo
China’s LGFV Borrowing Costs Drop to Record Low as Investors Bet on Bailout: China’s off-the-books local government debt market has turned. Only a few months ago ...
bloomberg.com/news/articles/2024-04-22/china-s-lgfv-borrowing-costs-drop-to-record-low-as-investors-bet-on-bailout
Treasuries Hold Gains as Record US Auction Sees Solid Demand: US government debt advanced on Tuesday as the Treasury’s hefty $69 billion sale of two-year notes ...
bloomberg.com/news/articles/2024-04-23/treasuries-hold-gains-as-record-us-auction-sees-solid-demand
Exclusive: China turns the heat up on cross-border investments in local govt debt, sources say
reuters.com/world/china/china-turns-heat-up-cross-border-investments-local-govt-debt-sources-say-2024-04-23/
MEPs adopt contentious fiscal rules tackling debt and deficits: Green and left-leaning MEPs say reforms mark a ‘return to austerity’
businesspost.ie/news/meps-set-to-adopt-contentious-fiscal-rules-tackling-debt-and-deficits/
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EU debt rules: Failed stability pact: The EU Parliament's approval of the "reform" of the Stability Pact is another low point in the struggle for a financial ...
faz.net/aktuell/wirtschaft/eu-schuldenregeln-gescheiterer-stabilitaetspakt-19673767.html
Debt of EU countries: European Parliament approves reform of EU debt rules: New rules for budget deficits and national debt: The majority of EU MPs voted for ...
zeit.de/politik/ausland/2024-04/europaparlament-beschliesst-reform-der-eu-schuldenregeln
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Italy's citizens save their country's national debt: The emissions are more in demand than ever, even among small savers. The Italian banks, on the other hand ...
faz.net/aktuell/finanzen/italiens-buerger-retten-die-staatsschulden-ihres-landes-19670866.html
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Jamaica, a lesson in national debt: Within ten years, the poor country has halved its national debt to 73 percent of economic output ...
faz.net/aktuell/wirtschaft/jamaika-ein-lehrstueck-ueber-staatsschulden-19666037.html
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White House announces $7.4B student debt cancellation to give 'breathing room,' takes dig at House GOP
foxbusiness.com/politics/white-house-announce-student-debt-cancellation-breathing-room-takes-dig-house-gop
Pressure Mounts at IMF Against Blueprint for EM Debt Reworks: World financial leaders are pushing to overhaul a system for sovereign debt restructurings that has ...
bloomberg.com/news/articles/2024-04-21/pressure-mounts-at-imf-against-blueprint-for-em-debt-reworks
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Why do France and Belgium risk credit rating downgrades in 2024?: The risk of sovereign credit downgrades is increasing for France and Belgium ...
euronews.com/business/2024/04/24/why-do-france-and-belgium-risk-credit-rating-downgrades-in-2024
Higher primary surplus in 2023: Last year’s primary surplus in Greece proved significantly higher than the budget estimate for 1.1% of gross domestic product ...
ekathimerini.com/economy/1237065/higher-primary-surplus-in-2023/
Bond Traders on Tenterhooks for Any Signal From BOJ on Purchases: Bond traders are on edge heading into the Bank of Japan meeting this week for any hints of ...
bloomberg.com/news/articles/2024-04-21/bond-traders-on-tenterhooks-for-any-signal-from-boj-on-purchases
China Central Bank Remarks Suggest Bond-Trading Liquidity Boost Not Imminent: The PBOC has reinforced views that it is unlikely to deliver a big liquidity boost ...
wsj.com/economy/central-banking/china-central-bank-remarks-suggest-bond-trading-liquidity-boost-not-imminent-378e6377
St. Pölten: Dried fruit retailer Lemberona is insolvent: 34 employees and around 150 creditors are affected. The debt level is almost ten million euros.
diepresse.com/18392922/st-poelten-trockenobsthaendler-lemberona-ist-insolvent
New fiscal rules a 'fresh start' as European Parliament vote passes | DPA
nordot.app/1155542253581140445
Government debt stock at 7.5 trillion Turkish Liras - Latest News: The central government debt stock was 7.5 trillion Turkish Liras ($232 billion) at the end of ...
hurriyetdailynews.com/government-debt-stock-at-7-5-trillion-turkish-liras-192748
CBE to cut interest rates by 2% in May; inflation to decrease to 20% by end of 2024: Goldman Sachs - Economy - Business
english.ahram.org.eg/NewsContent/3/12/522404/Business/Economy/CBE-to-cut-interest-rates-by--in-May;-inflation-to.aspx
European Parliament adopts fiscal rules reform amid warnings of austerity risk: The European Parliament adopted the reform of the EU’s rules for national debt ...
euractiv.com/section/economy-jobs/news/european-parliament-adopts-fiscal-rules-reform-amid-warnings-of-austerity-risk/
Turkish central government debt stock totals $232B in March: Treasury and Finance Ministry data shows end-March figure rose 67% on annual basis
yenisafak.com/en/news/turkish-central-government-debt-stock-totals-232b-in-march-3681895
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Central Bank concerned about rising interest rates: Central Bank Governor John Rolle said in a speech to the Chartered Financial Analysts Society ...
thenassauguardian.com/business/central-bank-concerned-about-rising-interest-rates/article_733edc2c-00e5-11ef-9e6e-570eef6bbba5.html
IMF raises India FY25 GDP forecast to 6.8% on back of strong domestic demand
deccanherald.com/business/economy/imf-raises-india-fy25-gdp-forecast-to-68-on-back-of-strong-domestic-demand-2980864
Quick Glance: IMF upgrades global growth forecast despite risks
- The International Monetary Fund slightly raised its global growth forecast on Tuesday, noting that the economy had proven 'surprisingly resilient' despite inflationary pressures and monetary policy shifts.
- IMF's chief economist, Pierre-Olivier Gourinchas, indicated that the global economy is heading for a 'soft landing,' with risks to the outlook now broadly balanced.
- While advanced economies are expected to lead the growth, dim prospects in China and other major emerging markets could impact global trade partners, according to the report.
- Despite Tuesday's brighter outlook, global growth remains low compared to historical standards, partly due to weak productivity growth and increasing geopolitical fragmentation.
Financial stability in the last mile: Policymakers should remain vigilant about outstanding risks to the global financial system
ft.com/content/85df6827-79c8-4261-b3a2-3347d2d80252
Hedge fund Elliott Management scoops up Thames Water bonds: US manager known for aggressive approach bets markets are too pessimistic about potential losses on ...
ft.com/content/b3925ceb-f6db-4c40-b6f6-7185fddee7ba
Bubble Up: The Everything, Everywhere Bubble: Investors face a challenging landscape with fiscal dominance pushing bond yields and inflation ...
seekingalpha.com/article/4685060-bubble-up-the-everything-everywhere-bubble
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Could France's soaring deficit and debt lead to a rating downgrade?: France is under intense fiscal scrutiny as it approaches weeks filled with critical ...
euronews.com/business/2024/04/22/could-frances-soaring-deficit-and-debt-lead-to-a-rating-downgrade
Moody's review affirms economy improving, says Bowe: Gowon Bowe, chief executive officer of Fidelity Bank, said the latest review of The Bahamas by Moody’s ...
thenassauguardian.com/business/moodys-review-affirms-economy-improving-says-bowe/article_3d39bc14-003b-11ef-a772-27bd250653af.html
Tax Day shows stark divide between Biden and Trump: Tax Day reveals a major split in how Joe Biden and Donald Trump would govern: The presidential candidates ...
apnews.com/article/trump-biden-income-taxes-irs-returns-filings-55d3031de64251169eb247f52430618d
S&P cut its Israel debt rating to A+ on geopolitical risks - Economy - The Jakarta Post
thejakartapost.com/business/2024/04/19/sp-cut-its-israel-debt-rating-to-a-on-geopolitical-risks.html
US debt: Why economists are so worried about huge buildup: The government's soaring debt balance risks stoking inflation and lowering the quality of life for ...
businessinsider.com/us-debt-problem-explained-deficit-gdp-inflation-economy-interest-rates-2024-4
Egypt committed to tame debt level to below 80% by 2027: Finance minister to IMF - Economy - Business
english.ahram.org.eg/NewsContent/3/12/522156/Business/Economy/Egypt-committed-to-tame-debt-level-to-below--by--F.aspx
Economist: Malaysia’s story must be told louder: KUALA LUMPUR: There is more optimism abroad about Malaysia and its growth prospects compared to within the ...
thestar.com.my/business/business-news/2024/04/22/economist-malaysias-story-must-be-told-louder
Slow growth, high debt - troubled UK economy awaits election winners: Britain's national election, expected later this year, will take place against a backdrop ...
reuters.com/world/uk/slow-growth-high-debt-troubled-uk-economy-awaits-election-winners-2024-04-19/
S&P revises Greece’s outlook to ‘positive’ on debt reduction: Credit ratings agency S&P on Friday revised its outlook on Greece to “positive” from “stable ...
ekathimerini.com/economy/1236926/sp-revises-greeces-outlook-to-positive-on-debt-reduction/
Will Milei be able to avert disaster? Financiers and economists collide in their forecasts for Argentina
english.elpais.com/economy-and-business/2024-04-20/will-milei-be-able-to-avert-disaster-financiers-and-economists-collide-in-their-forecasts-for-argentina.html
S&P lifts Greece's outlook on debt reduction - Latest News: S&P Global Ratings has revised its Greece outlook from stable to positive, months after returning ...
hurriyetdailynews.com/s-p-lifts-greeces-outlook-on-debt-reduction-192685
World Bank rings alarm on reversal of poorest nations' development: The World Bank said in a report Monday that for the first time this century ...
dailysabah.com/business/economy/world-bank-rings-alarm-on-reversal-of-poorest-nations-development
Worsening US debt outlook seen more in gold and bitcoin than in bonds: Concern about the rapidly rising U.S. government debt is partly behind recent surges in ...
reuters.com/markets/us/worsening-us-debt-outlook-seen-more-gold-bitcoin-than-bonds-2024-04-19/
IMF says still 'differences' with Ethiopia over new loan programme: There are still "differences" between the International Monetary Fund (IMF) and Ethiopia over ...
reuters.com/world/africa/imf-says-still-differences-with-ethiopia-over-new-loan-programme-2024-04-19/
China's Q1 GDP grows faster than expected on back of policy support: Data: On a quarter-by-quarter basis, GDP grew 1.6 per cent in the first quarter ...
business-standard.com/world-news/china-s-q1-gdp-grows-faster-than-expected-on-back-of-policy-support-data-124041600137_1.html
Big investors steer clear of French debt as government finances creak
reuters.com/markets/europe/big-investors-steer-clear-french-debt-government-finances-creak-2024-04-19/
Unlike COVID, we know debt crisis is coming. How will we explain why we didn’t act? | Opinion
charlotteobserver.com/opinion/the-point/article287747275.html
I tried to wipe out the national debt, but they didn't cash my check: A little more than 40 years ago, during the Reagan administration, the national debt topped ...
post-gazette.com/life/goodness/2024/04/19/national-debt-peter-longini/stories/202404190002
2024 Municipal Bond Sales Could Rise as High as $440 Billion, John Miller Says - Bloomberg
bloomberg.com/news/articles/2024-04-18/john-miller-sees-2024-municipal-bond-sales-hitting-as-high-as-440-billion
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OPINION | Lawmakers want to make China pay its trillion-dollar debt to Americans: When the People’s Republic of China won recognition as China’s rightful ...
trib.al/qPdn2VS
David Rosenberg: Budget 2024 deserves a failing grade and will make the fight against inflation even harder
theglobeandmail.com/investing/markets/inside-the-market/article-david-rosenberg-this-anti-competitiveness-budget-deserves-a-failing/
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High national debt in the EU: The simmering risk of crisis: In France and Italy the national deficit is rising again, even though the economy is growing ...
faz.net/aktuell/wirtschaft/hohe-staatsschulden-in-eu-das-schwelende-krisenrisiko-19657728.html
IMF implements policy reform to aid countries amid debt crisis
New approach addresses rising global public debt levels
Shivan Chanana and Hem Saroya tell ... Show more wionews.com/videos #IMF #BusinessNews
Here’s what a ‘fairness for every generation’ budget would have actually included
theglobeandmail.com/opinion/article-heres-what-a-fairness-for-every-generation-budget-would-have-actually/
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What The Federal Budget's Spending Measures Could Mean For The BoC's Inflation Fight
seekingalpha.com/article/4684688-what-the-federal-budgets-spending-measures-could-mean-for-the-bocs-inflation-fight
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Commentary: Entrepreneurship as America’s debt solution: By creating a thriving startup environment, we can generate a powerful economic engine that not only ...
orlandosentinel.com/2024/04/19/commentary-entrepreneurship-as-americas-debt-solution/
#VantageOnFirstpost : The International Monetary Fund has issued a warning about the potential global repercussions of the rising US government debt ... Show more
Adhere to principles of fiscal federalism: Adhere to principles
of fiscal federalism
deccanherald.com/opinion/adhere-to-principles-of-fiscal-federalism-2984668
Hedge fund pushes for power firm to be excluded from Ukraine debt deal: London-based VR Capital is part of bondholder group that does not want Ukrenergo debt to ...
ft.com/content/d0d50fe0-ab00-4f09-8b86-51c0bc476edb
From the United States to China: By 2030, these countries will top the global debt list
english.elpais.com/economy-and-business/2024-04-18/from-the-united-states-to-china-by-2030-these-countries-will-top-the-global-debt-list.html
These ‘low risk’ investments are on sale — and that’s good news for retirees: This stampede away from certain assets has created a buyer’s market
marketwatch.com/story/good-news-for-retirees-as-these-low-risk-investments-go-on-sale-98d8c9f7
Debt Mountains of Italy and France Are Rising Again, IMF Says: The euro zone’s second and third-biggest economies are about to pile on debt again after three ...
bloomberg.com/news/articles/2024-04-16/debt-mountains-of-italy-and-france-are-rising-again-imf-says
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The truth comes out: US is paying dearly for outperformance : The United States is floating on a giant pumped-up air mattress of excess federal spending and no ...
thehill.com/opinion/finance/4602451-the-truth-comes-out-us-is-paying-dearly-for-outperformance/
Egypt looks forward to mobilising sustainable finance for Africa’s public health: Finance Minister
Read more: www.dailynewsegypt.com/2024/04/18/egypt-looks-forward-to-mobilising-sustainable-finance-for-africas-public-health-finance-minister/
Whitehall blueprint for Thames Water nationalisation could see state take on bulk of £15bn debt
theguardian.com/business/2024/apr/18/whitehall-blueprint-for-thames-water-nationalisation-could-see-state-take-on-bulk-of-15bn-debt
The Urgency of Sovereign-Debt Restructuring | by José Antonio Ocampo - Project Syndicate
project-syndicate.org/commentary/world-needs-comprehensive-debt-restructuring-mechanism-by-jose-antonio-ocampo-2024-04
The budget’s tax changes on corporations and the wealthy are long overdue : Austerity or adding to the national debt would only make things worse. Instead ...
theglobeandmail.com/business/commentary/article-the-budgets-tax-changes-on-corporations-and-the-wealthy-are-long/
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Cayman continues on path towards debt freedom: The Cayman Islands government has continued to chip away at its half-a-billion-dollar debt ...
royalgazette.com/international-business/business/article/20240418/cayman-continues-on-path-towards-debt-freedom/
Egypt's International Cooperation Minister calls for innovative financing to tackle climate change, debt at G24 - Dailynewsegypt
dailynewsegypt.com/2024/04/18/egypts-international-cooperation-minister-calls-for-innovative-financing-to-tackle-climate-change-debt-at-g24/
AKP-run district municipality transfers $61.5M debt to successor CHP: The former ruling AKP administration of the Sancaktepe district municipality in Istanbul ...
duvarenglish.com/akp-run-district-municipality-transfers-615m-debt-to-successor-chp-news-64204
Investor climate group sets target for assets in private equity, debt: The world's leading group of asset owners committed to turning their investment portfolios ...
reuters.com/sustainability/sustainable-finance-reporting/investor-climate-group-sets-target-assets-private-equity-debt-2024-04-18/
The budget plus other letters, April 18: ‘Finally some sensible, upfront tax talk’
theglobeandmail.com/opinion/letters/article-budget-taxes-capital-gains-debt/
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