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2014 year of 'hard truths' for British economy: Osborne British finance minister George Osborne will warn that 2014 is to be the year of "hard truths" and public spending cuts when he sets out his plans for the year ahead.

06 January 2014

80 thousand debtors forbidden to leave Kazakhstan Over 80 thousand Kazakhstan nationals have been forbidden to the country and travel abroad because of their debts.

02 January 2014

US urges Supreme Court to review Argentina debt case The US government has urged the Supreme Court to intervene in Argentina's fight over paying up on its defaulted debt, saying a lower court ruling against the country was wrong.

07 December 2013

With $65 bn in debt, is Puerto Rico America's Greece? Laden with debt, its economy in recession: Is the US territory of Puerto Rico poised to become another Greece?

04 December 2013

Crisis what crisis? Portugal's richest get richer Portugal may be mired in a debt crisis, but its 25 richest people got 16 percent wealthier in 2013, with fortunes equivalent to nearly 10 percent of the country's GDP, rankings published Thursday showed.

29 November 2013

Eurozone warns Spain, Italy to deliver on commitments The eurozone Friday warned five countries led by Spain and Italy to deliver on promises to hit deficit and debt targets in national spending plans next year.

24 November 2013

Japan gives muted welcome to US debt fix Japan's finance minister on Friday gave a muted welcome to the US debt deal, but hinted at the need for a more permanent solution to the warring in Washington.

18 October 2013

Kyrgyzstan to pay off its debts for gas supplies before the end of 2013 In line with the schedule, the first $1.5 million is to be paid off in October, with another $5 million in November and the other $5.7 million in December.

17 October 2013

Congress pulls US back from brink, averts default The United States was spared the ignominy of a disastrous debt default Wednesday when Congress passed a bill extending the nation's borrowing authority and ending a two-week government shutdown.

17 October 2013

Political chaos pushes US up against debt deadline A day of political disarray Tuesday pushed America to within hours of a debt default deadline, but two veteran senators chased a last-gasp deal to stave off a sudden shock to the global economy.

16 October 2013

US lawmakers split despite October 17 debt deadline The United States is still facing a potentially devastating sovereign debt default, after senators failed to agree on terms to reopen the federal government and raise the country's borrowing limit.

14 October 2013

Struggling Alitalia in last-gasp bid for survival Five years after a botched rescue, Italy's troubled carrier Alitalia gasped for survival on Tuesday buried by a mountain of debt, unpaid gas bills and only the slimmest of options.

09 October 2013

World Bank removes Iran from list of non-payers The World Bank removed Iran from its list of deadbeat borrowers Friday, saying the Islamic Republic had paid outstanding loan amounts.

28 September 2013

US to hit debt ceiling in mid-October: Treasury The US will hit its statutory debt ceiling in mid-October, raising the chance that the government will be forced to default on its debts.

27 August 2013

Risky financial crisis derivatives return in new form Collateralized debt obligations, the complex financial instruments that cratered disastrously in the financial crisis, are back.

21 August 2013

Kyrgyzstan owes Kazakhstan $10 million for gas Kyrgyzstan’s debt to Kazakhstan for the natural gas it supplied has reached $10.6 million.

19 August 2013

IMF approves 1.7 bn euro loan payout to Greece The International Monetary Fund released 1.72 billion euros ($2.29 billion) in aid for Greece on Monday after completing a review of the country's performance under the international rescue program.

30 July 2013

Debt, shadow finance bedevil China's economy Decades of breakneck expansion have given China gleaming skyscrapers and sleek railways, but brought piles of debt.

26 July 2013

Obama kicks off economy tour as new fiscal fight looms US President Barack Obama hits the road this week to drum up support for his economic program as rival Republicans warn of a new showdown over the government's debt ceiling.

24 July 2013

EU leaders meet as doubts grow over future EU leaders meet this week knowing they have to deliver growth and jobs, especially for the young, as years of debt crisis austerity and soaring dole queues test faith in the European project.

25 June 2013

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