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Americans have more debt, need family help to buy homes: Report
Americans are waiting longer to buy their first homes, have more debt and more often need family help to make the purchase amid a supply crunch that is pushing up prices, according to a new data released Friday.
Puerto Rico announces deal to restructure power authority debt
Puerto Rico’s power utility struck a deal with a group of creditors that seeks to allow the bankrupt US commonwealth to restructure more than $8 billion of bonds, according to an announcement by government authorities on Friday.
A surprise China debt default upends assumptions on official aid
A Chinese state-backed borrower’s failure to make good on a payment on a dollar bond threatens to overturn assumptions that officials would step in to avert defaults by companies closely linked to local authorities.
China cuts local government debt costs to spur investment
Chinese regulators have cut the premium that local governments must pay to issue debt, sources with direct knowledge of the matter told Reuters on Tuesday, lowering their borrowing costs as Beijing hopes to kick start investments and shore up growth.
Fears of excessive debt drive more countries to cut down their Belt and Road investments
Some countries are scaling down or scrapping entire projects that are part of China's Belt and Road Initiative amid mounting financial concerns over the continent-spanning venture.
Average UK household debt now stands at record £15,400
Britain’s household debt mountain has reached a new peak, with UK homes now owing an average of £15,385 to credit card firms, banks and other lenders, according to the Trades Union Congress (TUC).
Iran's foreign debt to decrease to $9.3b by March: WB
Iran's foreign debt will drop to $9.3 billion by March 20, 2019, the end of the current fiscal year, as oil exports will stand at one million barrels per day (bpd) next year, the World Bank predicted.
Student loan debt still crippling burden for millions of Americans
Michael Bloomberg’s record $1.8 billion donation for financial aid to Johns Hopkins University highlights the problem of student debt in America, which can still be a burden even years after graduation.
Number of UK households in energy debt rises by 300,000
The number of British households already in debt to their energy supplier before winter begins has grown by more than 300,000 in the past year, according to research, with a total of nearly £400 million owed to power companies.
South Africa may need IMF help if debt keeps growing
South Africa may be driven to the International Monetary Fund if its rising debt goes unchecked without the buffer of savings or new sources of tax revenue, the country’s National Planning Commission said.
Egypt faces borrowing crunch as foreign debt market sours
After shying away from the international financial market, Egypt may well be forced by heavy funding needs to tap it just as turbulence pushes up rates, threatening to undermine its deficit-cutting ambitions.
Australian economy ‘strong’ despite high household debt: Treasurer
Australia's Treasurer Josh Frydenberg has played down concerns about the nation's rising household debts, saying the heaviest burdens are on those that can carry them.
Egypt to reduce public debt to 92% of GDP in FY 2018-19
Egyptian Finance Minister Mohamed Ma'it said the country will reduce its public debt to 92 percent of the GDP in the budget of the current fiscal year 2018-2019, state-run Ahram newspaper reported.
Egypt's foreign debt up more than 10% from last year
Egypt's foreign debt has climbed more than 10 percent in less than a year, reaching $88.2 billion in March, the central bank said, despite a raft of painful austerity measures aimed at cutting government spending.
World Bank CEO adds to voices of worry over global debt pileup
Global debt is becoming a bigger worry as the global policy tightening cycle takes hold, a top boss at the World Bank warned on Monday.

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