World News by Wild Rose

At a time when investors are dumping long-term debt, one fund manager isn’t only going the other way, he’s actively hunting for the most beaten-down of the bunch.

Gabon’s bonds surged after the government announced that an audit found the OPEC member’s debt stock stood at $16.7 billion, almost a fifth below an initial estimate.

Apollo Global Management Inc.-owned retailer Michaels Cos. used a windfall from tariff refunds to help cut its leverage, according to people familiar with the matter.

The International Monetary Fund said that Senegal’s debt sustainability analysis, or DSA, is being prepared under the “current framework” for low-income countries, according to a spokesperson.

Senegal raised 101 billion CFA francs ($179 million) in a government securities auction on Friday, its first sale since announcing plans to seek a reworking of its external debt.

Richard Haass, senior counselor with Centerview Partners, president emeritus for the Council on Foreign Relations, and former advisor to Colin Powell and President George H.W. Bush, joins Scarlet Fu on "Bloomberg Money." They discuss how American influence around the world affects the US consumer and their portfolios. (Source: Bloomberg)

While US Treasuries remain at the centre of a global bond sell-off despite efforts by US Treasury Secretary Scott Bessent to calm the market, investors in China are rushing to buy domestic government debt. After China’s Ministry of Finance issued a fresh batch of savings bonds worth up to 55 billion yuan (US$8.2 billion) on Thursday, domestic buyers took to social media to share tips on how to secure them and voice frustration at how quickly the allocations had run out. “Those government bonds...

EPS said that when the government was in the midst of severe debt and struggling with an acute shortage of funds, constructing a Secretariat complex, at a cost of ₹1,200 crore, was “not essential”

A large chunk of debt is scheduled for repayment within a relatively short to medium term of seven years; it could limit development and force the State to rely heavily on fresh borrowings during these years, the CAG cautions

Oracle Corp. shares are struggling this year as investors balk at the massive debt load the software and cloud computing company has taken on to build out artificial intelligence infrastructure.

Rio’s 3rd Business Court declared Light had met its recovery plan obligations, closing a process opened in May 2023 over roughly R$11 billion of debt. The post Light Reaches the End of a Three-Year Judicial Recovery appeared first on The Rio Times.

Fundación Encuentro puts urban household credit use at 58.7 percent and arrears among debtors at a record 27.8 percent. The two are being confused. The post Argentina’s Real Debt Record Is Arrears, Not Borrowing appeared first on The Rio Times.

The US Treasury said it will purchase up to $6 billion of longer-dated government debt in the first operation under an expanded buybacks program, showcasing Secretary Scott Bessent’s resolve to stem the recent rise in borrowing costs.

Argentina’s Treasury gave the central bank up to US$2 billion of dollar-linked letters. It is not a currency swap and it does not change reserves. The post Argentina Hands Its Central Bank US$2bn in Dollar-Linked Debt appeared first on The Rio Times.

Companies are flocking to the US leveraged loan market with offerings to reprice large chunks of existing debt, tapping strong investor demand to reduce borrowing costs.

A slice of Cerba Healthcare’s revolving credit facility is said to be up for sale as the EQT AB-backed private laboratories company moves toward court-supervised restructuring proceedings to tackle its €5 billion ($5.8 billion) debt pile.

Seychelles economy faces debt, import and climate risks as President Herminie takes office after a razor-thin vote and tourism income cools. The post Seychelles Economy Slows as President Herminie Inherits Record Tourism Boom and Rising Debt appeared first on The Rio Times.

Casas Bahia filed for judicial recovery on 17 August owing R$17.3 billion. A top labor court upheld an order blocking its mass layoffs, and a tax probe names it as a beneficiary. The post Brazil’s Casas Bahia Files for Court Protection Over Its Debt appeared first on The Rio Times.

MTN Group Ltd. has been meeting with international bond investors after a decade out of the Eurobond market as Africa’s largest mobile network operator pursues a large acquisition and a significant debt comes due next month.

Jamaica is selling a US$1 billion bond, and most of the money goes straight back to buying in older debt. Tourism earnings are underwriting the confidence. The post Jamaica Bond Sale Will Pay for Jamaica’s Own Buyback appeared first on The Rio Times.

The Kenya economy faces a high-risk debt path, a stable shilling near KSh 129.47, and fresh IMF talks after its last programme lapsed. We look at growth, inflation and Nairobi costs. The post Kenya’s IMF Test Comes Due as the Shilling Holds Near KSh 129.47 appeared first on The Rio Times.

The accused also allegedly stripped her and recorded a video, according to the FIR. However, the police are verifying the claims.

Some investors aren’t getting paid enough to take the risk they’re shouldering when they buy complicated and increasingly popular products like collateralized fund obligations, according to the president of Pacific Investment Management Co.

The financial strain facing some of Indonesia’s biggest state-owned construction firms, rooted in former President Joko Widodo’s infrastructure drive, risks forcing current leader Prabowo Subianto’s sovereign wealth fund Danantara to spend more to overhaul them, potentially limiting its ability to pursue new investments.

Senegal has reached an agreement with the International Monetary Fund on a new $2.2 billion debt programme, the financial institution said on Tuesday. An earlier agreement was suspended in 2024 after the discovery of underreported debt.