Debt Management News Archive

21-Apr-2009

 

  • Nigeria: Debt Trap Persists - Country Pays $1.5 Billion in Two Years (AllAfrica.com)
    Several years after this country was supposed to have exited from the international debt trap, the Federal Government spent $1.486 billion to service the nation's foreign debt in 2007 and 2008, a document obtained from the debt Management Office (DMO) at the weekend has shown.


  • PDMS focuses on risk management (Daily News)
    This year, the country?s Public debt Management Strategy (PDMS) will focus on effective implementation of risk management techniques and scenario models to operationalise the strategy.


  • TUI may swap debt for parts of TUI Travel: report (eyefortravel.com)
    TUI AG plans to swap debt for parts of its TUI Travel business, a source close to the matter told Reuters. Parent company TUI AG, which holds 51 percent in TUI Travel, plans to acquire TUI Travel?s central European operations, which include Germany, Austria, Switzerland and Poland, the source said.


  • Corporate Debt Sticks Through Bankruptcy (Newswise)
    As more and more companies consider bankruptcy to deal with sky-high debt and an economy in recession, new research by University of Iowa finance professor Erik Lie suggests companies that enter bankruptcy emerge too soon and still have too much debt to survive long term.


  • Philippines Tan Says Overseas Debt Sale an Option (Update2) (Bloomberg)
    April 20 (Bloomberg) -- The Philippines may consider a second overseas debt sale in 2009 and will boost local borrowing to fund a higher budget deficit, Treasurer Roberto Tan said.


  • South Africa: Super Group's Debt is Still the Big Concern (AllAfrica.com)
    Johannesburg ? CRIPPLING debt has not buried Super Group yet, but it has sunk Larry Lipschitz, who formally stepped down yesterday as CEO after 22 years at the helm.


  • Pimco?s Hodge Says Risk Abating, Likes Asian Bonds (Update2) (Bloomberg)
    April 21 (Bloomberg) -- Pacific Investment Management Co. , which runs the world?s biggest bond fund, says global risk aversion is waning and debt in Thailand, Malaysia and Indonesia are among the most attractive investments.


  • (AFX UK Focus) 2009-04-21 00:24 San Diego sets debt sales to return to public mart (Interactive Investor)
    NEW YORK, April 20 (Reuters) - San Diego plans three debt sales in May and June that will mark its return to public debt markets for the first time in several years after a scandal over its failure to disclose a $1.4 billion pension deficit, an official said on Monday. Lakshmi Kommi, San Diego's director of debt management, said by telephone that the offerings likely will combine new money bonds ...


  • In Oracle-Sun deal, analysts predict identity management fallout (SearchSecurity.com)
    As a combined company, Oracle and Sun Microsystems will be the No. 1 vendor in enterprise identity management, but analysts say consolidating and unifying the product portfolio could be a painful process for customers.


  • Legislation would set rules for debt management services (Hibbing Daily Tribune)
    If you find yourself floundering in debt because of a job loss, unexpected medical expense or garden-variety unwise purchases, a broadcast ad that promises a way to pay off your debt at between 10 and 50 cents on the dollar owed might sound like a godsend.



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