Bailout

Latest stories

1h
Channel NewsAsia
Sri Lanka sets up panel to investigate 'Panama Papers'has also been weighed down by huge foreign loans taken out by the Rajapakse reg
Sri Lanka sets up panel to investigate 'Panama Papers'
Channel NewsAsia / Posted an hour ago
has also been weighed down by huge foreign loans taken out by the Rajapakse regime. Colombo last week secured an IMF bailout of US$1.5 billion to head off a balance of payments crisis. Finance Minister Ravi Karunanayake said Colombo would... Read more
2h
examiner.com
Puerto Rico financial situation is in dire straitsservices may begin to halt the longer a restructuring deal fails to arise. In a
Puerto Rico financial situation is in dire straits
examiner.com / Posted 2 hours ago
services may begin to halt the longer a restructuring deal fails to arise. In all likelihood, the U.S. will be forced to bailout Puerto Rico as Speaker of the House Paul Ryan stated. The $422 million owed now pales in comparison to the $2... Read more
2h
Rappler
Sri Lanka sets up panel to investigate Panama Papershas also been weighed down by huge foreign loans taken out by the Rajapakse reg
Sri Lanka sets up panel to investigate Panama Papers
Rappler / Posted 2 hours ago
has also been weighed down by huge foreign loans taken out by the Rajapakse regime. Colombo last week secured an IMF bailout of $1.5 billion to head off a balance of payments crisis. Finance Minister Ravi Karunanayake said Colombo would... Read more
2h
AllAfrica.com
#occupynass - Lessons for State GovernorsPerhaps the most recent of outrages by the state governors draws from the shena
#occupynass - Lessons for State Governors
AllAfrica.com / Posted 2 hours ago
Perhaps the most recent of outrages by the state governors draws from the shenanigans associated with the management of the bailout funds which President Muhamadu Buhari released to debtor-state to settle workers salary arrears. From available... Read more
2h
AllAfrica.com
Kogi Gets 20 Billion FG's Bailout FundLokoja — Kogi State government Sunday confirmed it has received N20 billion out
Kogi Gets 20 Billion FG's Bailout Fund
AllAfrica.com / Posted 2 hours ago
Lokoja — Kogi State government Sunday confirmed it has received N20 billion out of the N50 billion bailout funds approved for it by the federal government to offset outstanding salaries owed workers in the state. Governor Yahaya Bello, who confirmed... Read more
2h
AllAfrica.com
Borrow to Fund Welfare Programme Promised By APC, Falana Tells Buharisaid labour would continue to liaise with anti-graft agencies to probe state go
Borrow to Fund Welfare Programme Promised By APC, Falana Tells Buhari
AllAfrica.com / Posted 2 hours ago
said labour would continue to liaise with anti-graft agencies to probe state governors who were not able to disburse their bailout funds accordingly. "I want to assure the Nigerian workers that we will continue to provide the necessary leadership... Read more
2h
AllAfrica.com
Workers Day - Group Gives Okorocha Ultimatum to Pay Imo Workersmade available to the News Agency of Nigeria (NAN) in Enugu on Sunday. It desc
Workers Day - Group Gives Okorocha Ultimatum to Pay Imo Workers
AllAfrica.com / Posted 2 hours ago
made available to the News Agency of Nigeria (NAN) in Enugu on Sunday. It described as unfortunate that after receiving bailout funds from the Federal Government, which the governors and their cabinet agreed was enough to settle workers, would... Read more
4h
Philly.com
Attack ad stirs up Atlantic City radio airwavesfrom inside a radio, complete with ominous piano tinkling in the background. T
Attack ad stirs up Atlantic City radio airwaves
Philly.com / Posted 4 hours ago
from inside a radio, complete with ominous piano tinkling in the background. The ad accused Brown of advocating for a bailout that allows for "reckless spending" by Atlantic City, to the detriment of taxpayers in other municipalities in... Read more
5h
Business Insider
Canada's oil and gas industry could be 'lower for a long time, possibly forever'to cause the global recession. This precipitated the collapse of major financia
Canada's oil and gas industry could be 'lower for a long time, possibly forever'
Business Insider / Posted 5 hours ago
to cause the global recession. This precipitated the collapse of major financial institutions like Lehman Brothers and the bailout of many more. Regulators frowned and tried to bring in policies to ensure it would not happen again. The great light... Read more
5h
The Columbian
Will: Puerto Rico a sign of things to come?million payment due in May, and the central government might miss a $2 billion
Will: Puerto Rico a sign of things to come?
The Columbian / Posted 5 hours ago
million payment due in May, and the central government might miss a $2 billion payment in July. Congress will not enact a “bailout,” meaning an infusion of U.S. taxpayers’ money. But some Democrats want to reward the San Juan government’s... Read more
5h
iol.co.za
Gordhan withholds SAA bailoutcarrier to raise money from capital markets. SAA had already received R14bn in
Gordhan withholds SAA bailout
iol.co.za / Posted 5 hours ago
carrier to raise money from capital markets. SAA had already received R14bn in guarantees from the Treasury. The R5bn bailout was sought by SAA from the standing committee on finance in Parliament last year. Gordhan has made a decision to not... Read more
7h
Sydney Morning Herald
Buffett warns of banks derivatives `Time Bomb'to meet obligations to banks after mortgage-related securities plunged in value
Buffett warns of banks derivatives `Time Bomb'
Sydney Morning Herald / Posted 7 hours ago
to meet obligations to banks after mortgage-related securities plunged in value, forcing the government to step in with a bailout. While regulators have worked to the limit risk that a single company's blunders could infect the larger financial... Read more
109 related stories
7h
Canberra Times
Buffett warns of banks derivatives `Time Bomb'to meet obligations to banks after mortgage-related securities plunged in value
Buffett warns of banks derivatives `Time Bomb'
Canberra Times / Posted 7 hours ago
to meet obligations to banks after mortgage-related securities plunged in value, forcing the government to step in with a bailout. While regulators have worked to the limit risk that a single company's blunders could infect the larger financial... Read more
10h
Liverpool Echo
Forecast: The week ahead in the Cityloss reflects the impact of its £1.2bn payment last month to the Treasury to bu
Forecast: The week ahead in the City
Liverpool Echo / Posted 10 hours ago
loss reflects the impact of its £1.2bn payment last month to the Treasury to buy out a crucial part of its £45bn bailout when it was saved from collapse in 2008. This comes after the bank, which is 73% owned by the taxpayer, racked up... Read more
11h
Belfast Telegraph
City seeks details of how Sainsbury's plans to overhaul Argos in annual resultsreflects the impact of its £1.2 billion payment last month to the Treasury to b
City seeks details of how Sainsbury's plans to overhaul Argos in annual results
Belfast Telegraph / Posted 11 hours ago
reflects the impact of its £1.2 billion payment last month to the Treasury to buy out a crucial part of its £45 billion bailout when it was saved from collapse in 2008. This comes after the bank, which is 73% owned by the taxpayer, racked up... Read more
12h
AllAfrica.com
Ezekwesili Faults Buhari's 'Command and Control' Economic Policiesseen the failure in the signing of the 2016 budget. It's even unfortunate that
Ezekwesili Faults Buhari's 'Command and Control' Economic Policies
AllAfrica.com / Posted 12 hours ago
seen the failure in the signing of the 2016 budget. It's even unfortunate that states are now coming up daily to ask for bailout. The time to replace oil with diversification of the economy is now." On the way forward, Ezekwesili said: "We must... Read more
14h
Crain's New York Business
Tishman Speyer in talks to buy office tower in Paris business districtreal estate research firm Green Street Advisors. A spokeswoman for Dexia, the b
Tishman Speyer in talks to buy office tower in Paris business district
Crain's New York Business / Posted 14 hours ago
real estate research firm Green Street Advisors. A spokeswoman for Dexia, the bank that’s winding down assets following a bailout by the French and Belgian states, declined to comment. A spokeswoman for Tishman Speyer, which operates Manhattan’s... Read more
17h
The Morning Call
Trucking industry retirees could face big pension cutsSaturday deadline, and doesn't believe Congress will provide funding to prop up
Trucking industry retirees could face big pension cuts
The Morning Call / Posted 17 hours ago
Saturday deadline, and doesn't believe Congress will provide funding to prop up Central States. "I don't see a taxpayer bailout," said Dent, who voted for the pension reform plan as part of the budget bill. "I wish I had some good news." "We... Read more
20h
Denver Post
Legislature still needs to act on Colorado condo defects lawsto a lawsuit before it is filed. That's by no means a full solution, but it's a
Legislature still needs to act on Colorado condo defects laws
Denver Post / Posted 20 hours ago
to a lawsuit before it is filed. That's by no means a full solution, but it's a start. Such a bill would not amount to a bailout for developers. It would be a proposal to ensure the long-term health of cities. Local officials get uneasy — and... Read more
20h
OregonLive.com
What happens in Puerto Rico won't stay there: George Willmillion payment due in May, and the central government might miss a $2 billion
What happens in Puerto Rico won't stay there: George Will
OregonLive.com / Posted 20 hours ago
million payment due in May, and the central government might miss a $2 billion payment in July. Congress will not enact a "bailout," meaning an infusion of U.S. taxpayers' money. But some Democrats -- perhaps anticipating a day of reckoning for... Read more
21h
Zero Hedge
UPS Braces For $3.8 Billion Charge As Treasury's Pension Benefit Decision Loomsgap over time. UPS is just the latest example of what lies ahead and forces th
UPS Braces For $3.8 Billion Charge As Treasury's Pension Benefit Decision Looms
Zero Hedge / Posted 21 hours ago
gap over time. UPS is just the latest example of what lies ahead and forces the government's hand to provide yet another bailout (and encourage yet more moral hazard over-promising). As we concluded previously, "This is going to be a national... Read more
23h
Sunday Observer
New structural reforms under IMF packageand pricing of electricity and fuel are to be restructured under the three year
New structural reforms under IMF package
Sunday Observer / Posted 23 hours ago
and pricing of electricity and fuel are to be restructured under the three year International Monetary Fund USD 1.5 Billion bailout package, Deputy Governor of the Central Bank Nandalal Weerasinghe told the Sunday Observer. Last week, Sri Lankan... Read more
13 related stories
1d
AllAfrica.com
Our Squandering Governors and ICPC's IndictmentCorrupt Practices and Other Related Offences Commission (ICPC), which monitored
Our Squandering Governors and ICPC's Indictment
AllAfrica.com / Posted yesterday
Corrupt Practices and Other Related Offences Commission (ICPC), which monitored how states spent the N338 billion bailout funds given to them by the federal government confirms my position. According to the report released last week, 16 of... Read more
1d
The Manila Times
Rebuilding the EU or breaking free from it?space for national economic policymaking was severely restrained – and complete
Rebuilding the EU or breaking free from it?
The Manila Times / Posted yesterday
space for national economic policymaking was severely restrained – and completely eliminated for those member states under bailout programs. In the absence of a federal government to attend to issues of unemployment and convergence, austerity... Read more
1d
Belfast Telegraph
Danske Bank has seen its pre-tax profits grow by 11% to £35m for the start of the yearloss reflects the impact of its £1.2bn payment last month to the Treasury to bu
Danske Bank has seen its pre-tax profits grow by 11% to £35m for the start of the year
Belfast Telegraph / Posted yesterday
loss reflects the impact of its £1.2bn payment last month to the Treasury to buy out a crucial part of its £45bn bailout. The payment ended a dividend access share agreement with the Government which was put in place in 2009 and... Read more
1d
CBC.ca
Bombardier's Delta deal, a big ruling on housing data & the Airbnb of restaurants: BUSINESS WEEK WRAPso far." It all adds up to good news for Bombardier, but it doesn't necessaril
Bombardier's Delta deal, a big ruling on housing data & the Airbnb of restaurants: BUSINESS WEEK WRAP
CBC.ca / Posted yesterday
so far." It all adds up to good news for Bombardier, but it doesn't necessarily mean the company won't still need a bailout, however. TREB loses case with Competition Bureau There was big news in real estate this week, as Canada's biggest... Read more
1d
Arkansas Democrat-Gazette
Puerto Ricans weary as nation on cusp of defaultpopulation shrank 1.7 percent last year alone. Both parties in Congress say wh
Puerto Ricans weary as nation on cusp of default
Arkansas Democrat-Gazette / Posted yesterday
population shrank 1.7 percent last year alone. Both parties in Congress say whatever rescue package emerges won't be a "bailout." They're still discussing key details: how debt restructuring will work, and what kind of external oversight will be... Read more
5 related stories
1d
The Columbus Dispatch
PUCO dropped ball with rulingto look out for the safety and well-being of its governed populous. With the la
PUCO dropped ball with ruling
The Columbus Dispatch / Posted yesterday
to look out for the safety and well-being of its governed populous. With the latest PUCO ruling and consequential bailout/subsidies given to companies FirstEnergy and AEP (now on hold pending a review by federal regulators), the Ohio... Read more
1d
CNBC
Sri Lanka, IMF agree on $1.5B bailout to avert balance of payments crisisby 2020 through a new Inland Revenue Act, reform of the VAT and the customs cod
Sri Lanka, IMF agree on $1.5B bailout to avert balance of payments crisis
CNBC / Posted yesterday
by 2020 through a new Inland Revenue Act, reform of the VAT and the customs code, Schneider said. The loan - the second bailout from the IMF since 2009 - will support the government's ambitious economic reform agenda aimed at fundamental changes... Read more
1d
Naked Capitalism
Will Clinton Attempt to Bring Sanders Supporters into the Democratic Fold?her 1994 crime bill vote, to try to get away with (during the Michigan debate)
Will Clinton Attempt to Bring Sanders Supporters into the Democratic Fold?
Naked Capitalism / Posted yesterday
her 1994 crime bill vote, to try to get away with (during the Michigan debate) the lie that Sanders had opposed the auto bailout, and so on. In other words, America is already seeing the Hillary Clinton they’ll get during the fall election... Read more
1d
CBS Sports
Vintage Dwyane Wade pulls rabbit out of hat to push Heat to Game 7in the fourth quarter of Game 6 to delay any potential vacation plans for the H
Vintage Dwyane Wade pulls rabbit out of hat to push Heat to Game 7
CBS Sports / Posted yesterday
in the fourth quarter of Game 6 to delay any potential vacation plans for the Heat this summer. Both 3-pointers were bailout options for Miami, as you'd expect from someone who took just 44 3-pointers in over 2,200 minutes this year. Wade ran... Read more
440 related stories
1d
The Williamsport Sun-Gazette
The Latest: Cruz shoots an airball at 'basketball ring'opponent Bernie Sanders, Clinton took one swipe at him, repeating a critique th
The Latest: Cruz shoots an airball at 'basketball ring'
The Williamsport Sun-Gazette / Posted yesterday
opponent Bernie Sanders, Clinton took one swipe at him, repeating a critique that he did not vote to fund the auto industry bailout. Clinton said she doesn't know where "we would be if we had walked away from the auto industry. She added her... Read more
364 related stories
1d
The Trinidad Guardian
‘New’ Clico group demands answersFinance Minister Colm Imbert signaled the disposal of certain Clico assets to r
‘New’ Clico group demands answers
The Trinidad Guardian / Posted yesterday
Finance Minister Colm Imbert signaled the disposal of certain Clico assets to recoup the $20 billion used for the group’s bailout in 2009. But Imbert said these proposals only relate to Clico and in “due course” he would report on plans to... Read more
3 related stories
1d
BBC News
Eight years, eight jokes (almost)what the new Obama administration had already done - and make light of an expen
Eight years, eight jokes (almost)
BBC News / Posted yesterday
what the new Obama administration had already done - and make light of an expensive situation for the US - the government bailout of General Motors, a major automotive firm. "Just last week, Car and Driver named me auto executive of the year," Mr... Read more
1d
express
Royal Bank of Scotland in £968m spiral into redof failing to spin off the W&G branch network by next year’s deadline to meet E
Royal Bank of Scotland in £968m spiral into red
express / Posted yesterday
of failing to spin off the W&G branch network by next year’s deadline to meet EU state aid rules following its £45billion bailout, analysts suggested shareholders could endure a decade without a payout. It was a £1.2billion payment to the... Read more
29 related stories
1d
Zero Hedge
Italy's Bank Bailout Fund Already One Third Empty After First Bank RescueWhen one month ago, Italy was scrambling to unveil a "last resort" bad bank bai
Italy's Bank Bailout Fund Already One Third Empty After First Bank Rescue
Zero Hedge / Posted yesterday
When one month ago, Italy was scrambling to unveil a "last resort" bad bank bailout fund (which eventually received the name Atlante, or Atlas, for the Titan god who was condemned to hold up the sky for eternity, only in this case he is holding up... Read more
1d
Salon.com
“Ponzi austerity” scheme imposed by E.U. and U.S. bleeds Greece dry on behalf of banks, says ex-finance ministeron Democracy Now. Varoufakis accused the Troika of trying “to turn Greece into
“Ponzi austerity” scheme imposed by E.U. and U.S. bleeds Greece dry on behalf of banks, says ex-finance minister
Salon.com / Posted yesterday
on Democracy Now. Varoufakis accused the Troika of trying “to turn Greece into a desert” and condemned the past three bailouts as money-making opportunities for German and French banks. He also slammed the Obama administration for continuing... Read more
2 related stories
1d
CTV News
When does Ottawa have your back? Three ways politics touched Canadians this weekwants to buy up to 125 CSeries jets, prompting some to question why the governm
When does Ottawa have your back? Three ways politics touched Canadians this week
CTV News / Posted yesterday
wants to buy up to 125 CSeries jets, prompting some to question why the government would still be considering a $1-billion bailout for the Quebec aerospace manufacturer -- a question that remains unanswered. Canadians are still getting to know... Read more
1d
Daily News
IMF announces $1.5 b loanin 2015, down from 4.9 in the previous year, according to official data. The n
IMF announces $1.5 b loan
Daily News / Posted yesterday
in 2015, down from 4.9 in the previous year, according to official data. The new government in Colombo sought an IMF bailout immediately after taking power in January last year, but the fund turned down the request, saying the country’s... Read more
13 related stories
1d
Market Watch
Freddie Mac may need another taxpayer bailout next weektime. It may even take a crisis to spur lawmakers to act, Goodman said. That ma
Freddie Mac may need another taxpayer bailout next week
Market Watch / Posted yesterday
time. It may even take a crisis to spur lawmakers to act, Goodman said. That may be too late, Zandi noted, making another bailout — and more housing market pain — inevitable. “The catalyst can’t be the next recession because [Fannie and Freddie]... Read more
1d
Orange County Register
Senate race comes into focusvotes that subsequently gained public favor – including opposition to the Iraq
Senate race comes into focus
Orange County Register / Posted yesterday
votes that subsequently gained public favor – including opposition to the Iraq war, the Patriot Act and the Wall Street bailout. Sanchez didn’t go after Harris during the debate or in an interview with me afterward, although I gave her the... Read more
1d
The Huffington Post
U.S. Foreign Policy Got In The Way Of Helping Greece, Greek Ex-Official Saysin Germany relaxing its insistence on massive fiscal austerity in exchange for
U.S. Foreign Policy Got In The Way Of Helping Greece, Greek Ex-Official Says
The Huffington Post / Posted yesterday
in Germany relaxing its insistence on massive fiscal austerity in exchange for emergency loans. Europe’s three consecutive bailout packages for Greece -- a member of NATO -- have succeeded in shoring up the largely German and French banks to whom... Read more
2 related stories
2d
Guardian Unlimited
White House correspondents' dinner: will Obama deliver a Trump roast?National Committee chair Michael Steele (“Michael, for the last time, the Repub
White House correspondents' dinner: will Obama deliver a Trump roast?
Guardian Unlimited / Posted 2 days ago
National Committee chair Michael Steele (“Michael, for the last time, the Republican party does not qualify for a bailout. Rush Limbaugh does not count as a troubled asset, I’m sorry.”) In 2010, though, Obama felt comfortable enough to... Read more
63 related stories
2d
The Verge
GM design chief Ed Welburn on his 44-year legacy and the high-tech future of the connected carera in GM's long history. There was the culling of the Pontiac, Oldsmobile, and
GM design chief Ed Welburn on his 44-year legacy and the high-tech future of the connected car
The Verge / Posted 2 days ago
era in GM's long history. There was the culling of the Pontiac, Oldsmobile, and Saturn brands; bankruptcy and a federal bailout; the 1973 energy crisis that flipped the American auto industry upside down and heralded the rise of fierce Japanese... Read more
2d
NBC News
As Clock Ticks on Debt Payment, Puerto Rico Braces for What's NextWe aren't saying we're not going to pay it," said Puerto Rico Senate President
As Clock Ticks on Debt Payment, Puerto Rico Braces for What's Next
NBC News / Posted 2 days ago
We aren't saying we're not going to pay it," said Puerto Rico Senate President Eduardo Bhatia. "We are not asking for a bailout. What we are asking for is a restructuring. We have always made our payments. We have no intention of not ever... Read more
10 related stories
2d
heraldscotland
RBS leads London market lower as bank's shares slump more than 6reflected the impact of its £1.2 billion payment last month to the Treasury to
RBS leads London market lower as bank's shares slump more than 6
heraldscotland / Posted 2 days ago
reflected the impact of its £1.2 billion payment last month to the Treasury to buy out a crucial part of its £45 billion bailout. On Thursday, RBS warned of a greater-than-expected hit from plans to spin off its Williams & Glyn arm. IAG said... Read more
2d
Roll Call
On Court Pick, Obama Turns to Those He Trusts Mostis vintage Obama. Leading the charge inside the White House are a senior aide
On Court Pick, Obama Turns to Those He Trusts Most
Roll Call / Posted 2 days ago
is vintage Obama. Leading the charge inside the White House are a senior aide who played key roles in the $80 billion bailout effort of the U.S. auto industry and a high-powered Washington attorney who represented Obama’s first chief of staff... Read more
2d
The Borneo Post
Greek deal closer, finance ministers to meetBRUSSELS: Greece and its international lenders are close to a deal on a package
Greek deal closer, finance ministers to meet
The Borneo Post / Posted 2 days ago
BRUSSELS: Greece and its international lenders are close to a deal on a package of bailout reforms and are working to agree further contingency steps by May 9 when an extraordinary meeting of euro zone finance ministers will be held in Brussels, EU... Read more
24 related stories
2d
Your Hometown Lima Stations
Portugal wins more time for recovery after rating decisiondid not cut Portuguese bonds from investment grade following the debt-stressed
Portugal wins more time for recovery after rating decision
Your Hometown Lima Stations / Posted 2 days ago
did not cut Portuguese bonds from investment grade following the debt-stressed country's 78 billion-euro ($88.8 billion) bailout in 2011 when a decade of measly growth and huge debts pushed it close to bankruptcy. Portugal is still recovering... Read more
5 related stories
2d
Pilipino Star
‘Crony capitalism’ under Marcos tyranny revisitedof the Philippines, one of the crony firms that had run to the ground and were
‘Crony capitalism’ under Marcos tyranny revisited
Pilipino Star / Posted 2 days ago
of the Philippines, one of the crony firms that had run to the ground and were being rescued with state funds. [After the bailout, CDCP became known as the Philippine National Construction Corporation.]The problem was presented thus: • Prime... Read more
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