Bitsofdust.com - The Latest Debt News and Information
Noble plans to push ahead with debt deal  Financial Times

Commodity trader Noble Group plans to push ahead with emergency $3.5bn debt restructuring by keeping the company private, in a blow to investors who could ...


French debt faces sell-off, widening yield gap with Germany  Financial Times

French president Emmanuel Macron's move to quell anti-government protests with tax breaks and extra money for those on the minimum wage rattled bond ...


Food group halts decline and cuts debt  expressandstar.com

The parent of 2 Sisters Food Group has cut debt by £150 million as it continues its efforts to turnaround the business.


Yellen and the Fed are afraid of a corporate debt bubble, but investors still aren't  CNBC

The corporate debt scaring policy experts like former Fed Chair Janet Yellen isn't throwing too much of a fright into market participants. In fact, some of them are ...


Ethical smartphone company Fairphone raises €20 million in debt, crowdfunding, and VC financing  Tech.eu

Dutch ethical smartphone manufacturer Fairphone has raised a total of €20 million in funding and debt over the past few months. Back in August, the company ...


Government's biggest contractors struggle under the weight of a £3bn debt pile  This is Money

First Carillion, now Interserve. This year has been book-ended by the implosion of two leading government contractors with the fear of more trouble to come.


Corporate debt one of biggest market risks and could derail bull run  CNBC

It's not just the trade war. Corporate debt could be one of the biggest market risks to derail the bull run, says CFRA Research's Lindsey Bell.


Interserve confirms debt-for-equity talks | News  Construction News

Interserve has confirmed it is in talks with its lenders regarding a debt-for-equity swap.


Dwight Yorke avoids bankruptcy after paying £1.5m tax debt in full  Mirror Online

Former Manchester United and Aston Villa striker Yorke, 47, did not attend the hearing in London.


A tale of two debt piles | Blog  Construction News

First there was Interserve, which confirmed it was in talks with lenders regarding a debt-for-equity deal to help tackle the huge amount of money it owed to ...


Martin: '100,000 attempt debt suicide each year - stop the debt threats'  MoneySavingExpert

A new report by the Money and Mental Health Policy Institute calls on the government to change out-of-date legislation which is contributing to people in ...


12 tips to help you avoid Christmas debt  Hambleton Today

A charity in Hambleton has brought out a Christmas list of 12 tips to help people protect family finances during the festive season. Citizens Advice Mid North ...


Samoa government to seize Grey family assets over debt  Radio New Zealand

The Samoan government is preparing to seize assets from the prominent Grey family to pay for outstanding payments on a $US20 million loan.


Fears for Pizza Express as Moody’s downgrades debt  Telegraph.co.uk

Pizza Express is under mounting pressure from debts, rising costs and fierce competition, credit ratings agency Moody's warned as it downgraded the restaurant ...


Former Fed Chair Yellen says excessive corporate debt could prolong a downturn  CNBC

Former Federal Reserve Chair Janet Yellen is worried about excessive leveraged lending and the high level of corporate debt across Wall Street.


Smith Micro Announces Repayment of Outstanding Debt  Global Banking And Finance Review

Smith Micro Software, Inc. (NASDAQ: SMSI) (Smith Micro or the Company) today announced the Company has repaid certain short and long term debt obligat.


US lawmaker seeks an end to Chinese debt trap  The Financial Express

Asserting that Sri Lanka was forced to surrender the sovereignty of its deep-water port, Hambantota, a powerful US lawmaker on Tuesday sought an end to the ...


The Average American Household Has $8,284 in Credit Card Debt  Fortune

The average American household is overrun with debt, including nearly $8300 in credit card debt, according to a WalletHub study.


Nepal: first came the earthquake, then came the debt  The Guardian

Survivors of the 2015 quake that killed almost 9000 people around Kathmandu now face another challenge they didn't expect.


'I got into alcohol addiction and debt, but with help I turned things around’  The Guardian

Barry Deacon, 39, on how faith changed his life – and how he came to meet David Hasselhoff.


Cut in debt boosts Scottish Investment Trust performance  FT Adviser

A decision to eliminate debt boosted the performance of the 1 4bn Scottish Investment Trust in the year to October 31.


Thomas Cook shares plunge amid fears over £389m debt mountain  The Guardian

Thomas Cook shares tumbled further on Tuesday and the cost of insuring debt issued by the travel firm against default hit a record high, despite its efforts to ...


Walgreens Boots Alliance Announces Transfer of Listing of Debt Securities to Nasdaq  Global Banking And Finance Review

Walgreens Boots Alliance, Inc. (Nasdaq: WBA) today announced it will be transferring the securities exchange listing for its 2.125% Senior Notes due 2026,


Brazil's Eletrobras sells unit at auction, assumes $3.3 billion debt  Reuters

Brazilian state-controlled power company Eletrobras on Monday sold its power distribution subsidiary Amazonas Energia at an auction, but said it will assume ...


KenGen investors raise concerns over Sh15.5bn Kenya Power debt  Daily Nation

KenGen investors on Tuesday raised concerns about debt owed to the electricity generator by Kenya Power as the utility *service* provider continues to battle ...


SigmaRoc Buys Concrete Firm CCP, Adjusts Debt Amid Strong Results  Morningstar

LONDON (Alliance News) - Construction materials firm SigmaRoc PLC said Monday it has acquired a concrete firm for GBP15 million amid "strong" results for ...


UAE’s Emirates Steel refinances $650 million of debt with new loan, sukuk – sources  Reuters

Emirates Steel, the largest steel producer in the United Arab Emirates, has refinanced $650 million of debt with a new loan and sukuk or Islamic bond, sources ...


Trump says he doesn't care about predicted US national debt explosion because ‘I won't be here’  The Independent

Donald Trump is reportedly refusing to tackle the US's spiralling national debt because he will not be in office by the time the situation is expected to reach a ...


National debt not a major concern: Cheam Yeap  Khmer Times

The chairman of the Commission on Economy, Finance, Banking and Audit yesterday reiterated his view that the Kingdom's foreign debt should not be a cause ...


Hedge funds call in top lawyer to restructure Sudanese debt  Financial Times

A group of hedge funds has hired one of the world's most prominent sovereign debt lawyers in the hope of restructuring up to $8bn in Sudanese debt if the ...


Megabrew’s Megadebt Is a Megaproblem  Bloomberg

AB InBev's credit-rating downgrade only highlights the pain that's to come for equity investors. Big debt-funded deals are out of the question.


Martin Lewis: Trapped by debt? Money Saving Expert reveals top tip to solve debt problems  Express

MARTIN LEWIS, Money Saving Expert, is advising people swamped with debt how to manage their financial issues, including how to deal with debt collectors, ...


Now I’m beating my debt and gambling addiction, I can enjoy Christmas  The Guardian

My extravagant present-buying was just a lie. Now I'm being honest with my family – and the payday lenders, says gambling campaigner Danny Cheetham.


The Debt Panel: 'I fled the UAE in 2010 without clearing my credit card. How do I return?'  The National

The former sales executive now wants to pay off his debt and take up a new job in the Emirates.


Rhode Island school district employs debt collection agency to get $45,000 lunch money from parents  Daily Mail

Rhode Island's Cranston School District has called in experts to help recover $45859. The district's boss, Raymond Votto, said it has tried to collect money itself ...


Bondholders oppose Mexico airport debt restructuring  Financial Times

Holders of more than $1bn of the bonds issued to finance a new Mexico City airport that President Andrés Manuel López Obrador wants to scrap have rejected ...


AB InBev Cut by Moody's Amid Struggles to Trim Massive Debt Pile  Bloomberg

Anheuser-Busch InBev NV's credit rating was cut to the lowest tier of investment-grade by Moody's Investors *Service*, which warned that the brewer is struggling ...


Market report: UK market treads water while Interserve implodes under debt restructuring plan, 10 Dec 2018 10:23  Shares magazine

UK stocks are slightly lower in early trade with the FTSE 100 giving up 8 points or 0.1% to 6770 points while European markets drop further on growing trade ...


Perceived Risk on High-Yield Bonds Surges Relative to Investment-Grade Debt  Bloomberg

Bloomberg's Lisa Abramowicz takes a look at the recent jitters taking hold in the credit market. (Source: Bloomberg)


Europe's tech startups suffer from 'diversity debt', survey finds  The Guardian

Europe's startup sector has a “shocking” lack of diversity, with 93% of all funds raised in 2018 going to all-male founding teams, according to a report by the ...


Dollar debt sales hit 2½-year low  Financial Times

Global reserve currency's appreciation erodes its attractiveness for bond issuers.


Aberdeen addict with drug debt fell victim to cuckooing  Aberdeen Evening Express

David Bruce was arrested after police found a quantity of heroin at his flat on March 2 this year. The 43-year-old has appeared at Aberdeen Sheriff Court and ...


Purcell: I'm dreaming of a debt-free Christmas  The Sentinel

Merry debt-fueled Christmas, America! According to a recent NerdWallet study, nearly 40 million Americans are still struggling to pay off credit-card debts from ...


Wayne Pivac: Scarlets hoping to 'repay the debt' against Ulster  BBC Sport

Scarlets head coach Wayne Pivac says he hopes to get revenge over Ulster when the sides meet again the next week.


‘Chicken king’ supplier Boparan in £250 million debt row  Evening Standard

Chicken supplier 2Sisters is facing renewed City pressure over plans to exclude a group of lenders from a £250 million debt repayment. The row is the latest ...


EDITORIAL: How the Liberals buried us in debt  Toronto Sun

To understand how deeply Ontario's now-defeated tax-and-spend Liberal government buried us in debt, we have to look back over their 15 years in power.


We need debt bonfire, says analyst | Business  The Times

Only a globally co-ordinated debt “bonfire” can save the world's leading economies from depression now that monetary and fiscal armouries are exhausted, ...


Debt, relationship breakup and bullying are the top employer concerns about employee mental health  Workplace Insight

Debt, separation and bullying are the personal issues of most concern to employers when it comes to employee mental health, according to a report from Aon.


Who Is Most Affected By Student Debt? Women.  The Nation.

A new report shows that student debt doesn't just recreate class divides—it reflects the country's gender gap.


S. Africa Will Have to Assume Eskom Debt, Rothschild Says  Bloomberg

South Africa faces no choice but to assume some of the debt of its troubled power utility, Eskom Holdings SOC Ltd., said Martin Kingston, the chief executive ...


Speaker Paul Ryan retires: his legacy is debt and disappointment  Vox.com

That's the increase between the deficit for fiscal year 2015 and fiscal year 2018 — that is, the difference between the fiscal year before Ryan became speaker of ...


Mexico president's Pemex plans rattle faith of debt-holders  Reuters

MEXICO CITY, Dec 11 (Reuters) - Mexican President Andres Manuel Lopez Obrador's declaration of war on “neo-liberal” economics has shaken investors ...


'Admitting problems helped us get debt-free'  BBC News

A quarter of those in serious financial difficulty wait more than two years to seek help, a charity says.


In debt we trust: the rise of art-secured lending  Art Newspaper

The rapid growth in the number of loan providers, from private banks to specialist lenders, could transform the art market's relationship with the financial markets.


More than 200 maids in debt seek help after loan cap takes effect  The Straits Times

Under new rules that kicked in on Nov 30, foreigners earning less than $10000 a year here can borrow only up to $1500 from all licensed moneylenders ...


Four Steps to Finding Life in the Valley of Debt  Michronicleonline

Part two of the Financially LIT series will focus on tips and tricks to help you understand and manage your debt.


Debt, relationship breakup and bullying top mental health concerns  The HR Director Magazine

Many mental health issues have a dynamic nature; every employee has different levels of mental health at any given time.


Goldman Sells Platform for Debt Aimed at Mom and Pop to Rivals  Bloomberg

Goldman Sachs Group Inc. sold a majority stake in SIMON, its proprietary platform that distributes complex investment products, to a cohort of Wall Street rivals.


Alleged student debt relief scam leads to arrest of CEO  MarketWatch

His companies allegedly cost borrowers $28 million in four years.


Eastern Michigan aims to lure former students by swapping debt for community service  Crain's Detroit Business

Eastern Michigan University has launched a new debt forgiveness program in a bid to help former students earn diplomas while improving the school's ...


Amyris Closes on Debt Solution  Nasdaq

EMERYVILLE, Calif., Dec. 11, 2018-- Amyris, Inc., a leader in the development and production of sustainable ingredients for the Health& Wellness,.


Milo Yiannopoulos 'more than $2m in debt', Australian promoters claim  The Independent

Far-right activist Milo Yiannopoulos had debts totalling more than $2m (£1.6m) during 2018, according to documents put together by his former Australian tour ...


Italy buys back €3.2bn of short-dated debt  Financial Times

Italy has bought back €3.2bn of its short-dated debt in a move that was financed by tapping an existing three-year bond. The Italian Treasury said in a statement ...


How Turkey Created a Debt Crisis  Bloomberg

Erdogan's growth model was fueled above all by cheap money. In 2018, it finally ran out of road.


Legacy Reserves Continues Its Efforts To Whittle Down Its Debt  Seeking Alpha

Legacy exchanged 2 million shares for $5.8 million in unsecured debt. It may be able to do other exchanges at roughly the same exchange rate. Asset sale ...


GE, GM, and Ford Have a Ton of Debt. Will It Get Ugly?  Barron's

GE, GM, and Ford each had more than $100 billion of debt outstanding at the end of the third quarter. That's a lot for the high-yield bond market, which totals ...


MSD ordered to wipe debt of seriously ill beneficiary  Radio New Zealand

MSD has been ordered to wipe the debt of a seriously ill beneficiary who used a wheelchair and was forced to live in his car on and off because the agency ...


Nykredit AM appoints liquid debt and equities selector to AIMS team  Investment Europe

Nykredit Asset Management – the Copenhagen headquartered €23bn AUM asset management arm of Danish financial group Nykredit, which claims a 41% ...


Qatar's Commercial Bank to raise up to $1 billion in debt next year -CEO  Reuters

Qatar's Commercial Bank could raise up to $1 billion in debt next year by tapping a range of various debt instruments, as the country's third-largest lender by ...


How to avoid holiday debt  NBC4i.com

Overspending on gifts has become as traditional as the Christmas tree.


Ballooning debt harms our youth, but Trump doesn't care | TheHill  The Hill

President Trump and his advisors are misguided to downplay the debt threat.


Tina Cantello: Man found guilty of debt collector murder  BBC News

Geoffrey Hutton stabbed Tina Cantello 30 times after she called to collect his loan repayment.


Despite the hurdle of mounting student loan debt, millennials still consider homeownership a high priority, study says  Washington Post

Millennials are prioritizing homeownership well above the goals of getting married and having children, according to a new study by Bank of America. Bank of ...


Mum-of-three trapped by £8,355 high cost credit debt and poverty premium  The Sun

Lis Vernalls, 43, says she's unable to get out of debt due to the 'poverty premium', which sees the lowest paid having to stump up more for bills, credit and other ...


‘This debt must be settled’: IAAF extends Russia’s doping ban  The Guardian

The IAAF has extended its ban on Russia, with no clarity on whether it may be lifted before next year's athletics world championships in Qatar.


PRESS: Interserve Shareholders Face Wipe Out From New Debt Talks - FT  Morningstar

LONDON (Alliance News) - Shareholders of Interserve PLC could lose everything under the terms of a rescue finance plan being discussed between the ...


Thomas Cook shares climb despite market debt worries  Financial Times

Holiday group Thomas Cook appeared on track for its first day of gains in over a week on Wednesday, despite disagreement over the extent of the tour ...


Park City residents carrying among the heaviest credit-card debts in America, study says  Salt Lake Tribune

One of America's richest cities — Park City, Utah — also has one of the highest levels of credit card debt, according to a new study. The median credit card debt ...


Charities welcome moves to rein in 'overzealous' council tax debt collection - Your Money  Your Money

The Government's Money Advice *Service* (MAS) has launched new guidance for local authorities on the collection of unpaid Council Tax, designed to ...


The Debt Threat to the Economy  The Wall Street Journal

As rates rise, paying back government borrowing will consume the credit needed to sustain growth.


Debt buyers took them to court. Now 238 Mississippians will see their judgments erased  Jackson Clarion Ledger

Approximately 238 Mississippians will have judgment balances on debt eliminated or reduced as the result of a settlement recently reached by attorneys general ...


Here's how long it would take to pay off your credit card debt, by state  Axios

A report released this week by CreditCards.com revealed that an American household would need about 13 months to pay off the average credit card debt of ...


Forget the doom and gloom - debt is here to stay  SowetanLIVE Sunday World

Make a plan and stick to it for future that is free of debt.


How to avoid running up a debt this Christmas  Falmouth Packet

Citizens Advice Cornwall has released a Christmas list of 12 tips to help people avoid pressure on their household budgets.


SA will have to assume Eskom debt - Rothschild  Fin24

SA faces no choice but to assume some of the debt of Eskom, said Martin Kingston, the CEO of Rothschild & Co's operations in the country.


Kier launches £264m rights issue to cut debt  Inside Housing

Social housing contractor Kier has launched a £264m rights issue in a bid to raise cash to pay off the company's growing debt pile. Linked In Twitter Facebook ...


Thrown out of office, ex-judge Aaron Persky asks supporters to help pay $135,000 debt by end of year  The Mercury News

Ousted from office and stripped of his pension, the first California judge to be recalled in nearly a century is now asking people to donate to his failed campaign ...


Interserve shares fall as growing debt sparks fears over its finances  The Guardian

Shares in Interserve fell 7% on Friday morning after the government contractor said debts this year would be higher than previously expected, reigniting investor ...


S&P, Fitch downgrade Sri Lanka’s debt rating amid political crisis  Financial Times

Sri Lanka was downgraded by two major rating agencies on Tuesday, in the latest blow to the cash-strapped country as it grapples with ongoing political turmoil.


3 NJ cities on least sustainable credit card debt list  NJBIZ

Personal-finance website WalletHub has named three cities from New Jersey to its Cities with the Least Sustainable Credit Card Debt list: Summit, Ridgewood ...


Balfour Beatty aims to reassure on debt situation, says completed repayment of £252.7mln convertible bond  Proactive Investors UK

Balfour Beatty plc (LON:BBY) - The FTSE 250-listed firm said that as a result of the convertible bond repayment, it has now paid down 45% of its gross debt in the ...


CANADA FX DEBT-C$ firms as market weighs trade and political signals  Reuters

(Adds strategist quotes and details on activity; updates prices) * Canadian dollar rises 0.1 percent against the greenback * Price of U.S. oil rises 1.3 percent ...


£750m debt of Northumberland County Council - but a drop this year  Northumberland Gazette

Northumberland County Council's debt fell by £21.3million in the first half of this financial year, but still totals £750million – with annual interest costs of more ...


Chinese loans leave Sri Lanka with crippling debt burden  Channel 4 News

In the latest of our reports from Sri Lanka, where a constitutional crisis has pitted two rival politicians in a battle to be PM, one contender leans towards India, the ...


School system hires collection agency to chase lunch debt  Boston 25 News

CRANSTON, R.I. (AP) - A Rhode Island school system has hired a collection agency to chase down unpaid student lunch tabs.


'My husband ran up a £58,000 debt in my name'  BBC News

When she had her first baby, just before she turned 29, Annie had been married for eight years, managed 19 staff, and earned more than her husband.


Christians Against Poverty Debt Centre faces high demand in Swindon  Swindon Advertiser

A LONG waiting list has meant the Christian Against Poverty Debt Centre has taken on a new debt coach to cope with high demand.


Cranston, R.I., school system hires collection agency to chase lunch debt  The Boston Globe

A Rhode Island school system has hired a collection agency to chase down unpaid student lunch tabs.


SWFL family's medical debt erased just in time for the holidays  Wink News

Medical debt is crushing Floridians: One in four people in the state are in collections over old medical bills. During the last six months, WINK News has asked the ...


Faraday Future CEO’s long trail of debt is finally catching up to him  The Verge

The founder of LeEco and EV startup Faraday Future has built his empire by borrowing heavily. The last year and a half has been full of signs that all that debt is ...