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.
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.
Risky financial crisis derivatives return in new form
Collateralized debt obligations, the complex financial instruments that cratered disastrously in the financial crisis, are back.
Kyrgyzstan owes Kazakhstan $10 million for gas
Kyrgyzstan’s debt to Kazakhstan for the natural gas it supplied has reached $10.6 million.
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.
Debt, shadow finance bedevil China's economy
Decades of breakneck expansion have given China gleaming skyscrapers and sleek railways, but brought piles of debt.
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.
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.
Central Bank Governor on Kazakhstan’s foreign debt
In line with international standards, the figure is less than 16% of the country’s GDP and is no threat: Gregory Marchenko.
IMF admits 'notable failures' in 2010 Greece rescue
The International Monetary Fund on Wednesday admitted to significant failures in the first Greek rescue that forced a second, larger bailout and left the country in a deep recession.
US Treasury implements measure to avoid new debt
The US Treasury Friday stopped re-investing in a retirement fund, a major step in its efforts to avoid exceeding the debt ceiling.
Portugal to take two banks to court over swap deals
Portugal said Friday it will take banking giants JP Morgan and Santander to court to make them renegotiate deals that have left state-run companies paying hefty interest rates.
OECD backs Japan deflation fight, says must cut debt
The Organisation for Economic Co-operation and Development on Tuesday backed Japan's bid to end years of deflation, but called on Tokyo to step up efforts to shrink its huge debt pile.
NGO slams IMF's 'double standard' on austerity
Jubilee USA Network, a debt-relief organization, on Thursday criticized the International Monetary Fund for using a "double standard" in prescribing austerity measures to troubled economies.
Cyprus will not quit the euro, vows president
President Nicos Anastasiades vowed on Friday to keep Cyprus in the euro but had harsh words for international lenders behind the huge bailout that saved the island from bankruptcy.
Argentina presents conditions for debt repayment
Argentina on Friday offered two New York hedge funds to repay its debt to them with cash and new bonds on conditions similar to those used in a 2010 debt swap.
Eurogroup approves Ireland, Portugal debt extension
Eurozone finance ministers approved early Saturday plans to give bailed-out Ireland and Portugal more time to pay back some of their massive rescue loans.
Almaty citizens owe $10 billion to banks
63 percent of all the loans in Kazakhstan are concentrated in Almaty; overdue loans exceed $10 billion.
China ratings firm warns of global 'currency crisis'
Rising sovereign debt levels in advanced economies are spawning a crisis that threatens to topple the dollar and other reserve currencies.
Britain loses AAA rating in Moody's downgrade
Moody's stripped Britain of its triple-A debt rating Friday, saying government debt was still mounting and that growth was too weak to reverse the trend before 2016.
