Posts Tagged ‘borrowing’

European Central Bank (ECB) head Mario Draghi reportedly working on an unlimited, sterilized bond buying plan

To help troubled euro zone countries like Spain and Italy lower their cost of borrowing, European Central Bank (ECB) head Mario Draghi is reportedly pushing for a plan to purchase unlimited amount of their government bonds. Draghi is expected to present his plan for approval by the ECB’s governing council. Article © AHN – All […]

Bond yields rise in Spain and Italy

Spain saw its borrowing costs rise to a record high since joining the eurozone in 1999 and Italy saw its costs rise to levels previously seen in January. Article © AHN – All Rights Reserved Economy, Business And Finance Stories

Moody’s downgrades top three French banks

Moody’s announced Friday it was downgrading the credit rating of all three of France’s top banks because of the difficulty they have borrowing money. View full post on Banking Stories

Gilt yields fall as UK becomes haven

Government borrowing costs fell to historic lows of 2.106% as investors sought the safety of gilts because of fears over Italy and the eurozone View full post on UK Business Stories

Commonwealth Bank’s Norris Says RBA Won’t Slash Cash Rate

Australia’s central bank is unlikely to slash the nation’s benchmark borrowing rate amid turmoil in global markets because inflation remains high, according to Commonwealth Bank of Australia Chief Executive Ralph Norris. View full post on Finance Stories

US leaders in last-minute debt talks

The Republican leaders in Congress signalled that they were close to reaching a deal with President Barack Obama to raise the US borrowing limit and stave off a devastating default View full post on UK Business Stories

Obama says time to get ‘serious’

US interest rates could rise if Congress fails to pass an increase in the country’s borrowing limits, effectively imposing a tax rise on all Americans, Barack Obama said View full post on UK Business Stories

IMF and Bill Clinton warn of excessive U.S. debt

Vittorio Hernandez – AHN News Washington, D.C., United States (AHN) – An international agency and a former president warned the U.S. about the perils of its excessive spending on Wednesday. The International Monetary Fund pointed out that the U.S. debt burden is on an unsustainable trajectory, but advised Washington against a sharp correction to protect […]

Italy’s Aa2 Debt Credit Ratings May Be Reduced by Moody’s

Italy’s credit ratings may be reduced by Moody’s Investors Service because of economic growth challenges, risks associated with efforts to reduce debt and the potential for higher borrowing costs. View full post on Business Stories

Osborne to reveal borrowing increase

Chancellor is planning a ‘Robin Hood’ budget that closes tax loopholes used by the rich and introduces a ‘Learjet levy’ on people using private jets View full post on UK Business Stories