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US watchdog proposes national standard for disclosing expired debt
The US consumer watchdog proposed establishing a national standard for how debt collectors must inform borrowers when they cannot be sued for expired debt.
Iran’s foreign debt down to over $9b: Report
Iran managed to decrease the size of its foreign debt by around $300 million in a nine-month period ending in December last year, a new report showed.
UK credit card debts fall for first time since 2013
UK consumers have made net repayments on their credit cards for the first time in almost seven years, as households across the country rein spending in and rebuild their finances after a boom in borrowing.
Greece plans to keep selling new debt despite no financing needs
After a decade-long debt crisis that made Greece a bond-market pariah, the country now enjoys the luxury of having no financing needs for 2020. Yet the government’s 2020 budget shows it still plans to sell new debt.
IMF: India should avoid fiscal stimulus as debt surges
India’s government should avoid a fiscal stimulus to spur the economy, and focus instead on cutting public debt so that financial resources can be freed up for investment, the International Monetary Fund said.
US firms rush to euro debt markets
US companies are flocking to borrow in euros and their record issuance is breathing life into a market where yields have been hammered by the European Central Bank’s renewed stimulus push.
Debt in developing economies rises to record $55 trillion
Emerging market and developing economies (EMDEs) pushed their borrowing to a record $55 trillion (£42 trillion) last year, according to the World Bank, marking an eight-year surge that is the “largest, fastest and most broad-based in nearly five decades”.
African countries borrowing like it’s the 1990s worries the IMF
Record commodity prices and low global interest rates have encouraged African countries to borrow like they did in the 1990s, but now some are struggling to pay up as their revenue slows along with economic growth.
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.

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