Tag: Debt and bond markets
Norwegian low-cost airline ‘has been saved,’ CEO says
COPENHAGEN, Denmark — Low-cost carrier Norwegian Air Shuttle “has been saved,” its chief executive said Wednesday, adding it had “written history” as the ailing...
Treasury warns of need to deal with national debt limit
WASHINGTON — The Treasury Department says it will employ extraordinary measures to avoid an unprecedented default on the national debt this summer, but officials...
McConnell says GOP open to $600 billion for infrastructure
LOUISVILLE, Ky. — Senate Minority Leader Mitch McConnell, R-Ky., said Monday that Republicans are willing to spend up to $600 billion on infrastructure, far...
Greece closer to investment grade with ratings upgrade
Greece moved closer to investment grade late Friday after Standard & Poor’s upgraded its sovereign rating for the debt-strapped country by one notch to...
Meituan raises $10 bln for self-driving cars, drone delivery
HONG KONG — Chinese food delivery giant Meituan raised nearly $10 billion in a sale of convertible bonds and additional shares and plans to...
Groups push for easier student loan relief for the disabled
Advocates for the disabled are pressing the Biden administration to cancel student debt for hundreds of thousands of Americans who have disabilities that make...
Greece: Stores open amid virus surge to help rescue economy
ATHENS, Greece — Retail stores across most of Greece were allowed to reopen Monday despite an ongoing surge in COVID-19 infections, as the country...
Path from Clinton to Biden takes U-turn on debt, trade, more
WASHINGTON — When Bill Clinton spoke of how to build a bridge to the 21st century, it was to be constructed with balanced budgets,...
Powell likens emergency Covid efforts to efforts at Dunkirk
WASHINGTON — Federal Reserve Chairman Jerome Powell compared the actions taken by the central bank early in the pandemic as the economy barreled toward...
New challenge for the Powell Fed: A strengthening economy
WASHINGTON — For the past year, Federal Reserve Chair Jerome Powell has expressed a wish for more rescue spending from Congress, better control of...