Tag: Debt

Statistics Canada says household debt ratio up in second quarter

OTTAWA — Statistics Canada says the amount Canadians owe relative to their income moved higher in the second quarter as the level of debt grew faster than their earnings. The agency says household credit market debt as a proportion of household disposable income rose to 181.7 per cent on a seasonally adjusted basis in the second quarter, up from 179.7 per cent in the first quarter. In other words, there was about $1.82 in credit market debt for every dollar of household disposable income in the
— Read on ca.finance.yahoo.com/news/statistics-canada-says-household-debt-132355127.html

Inflation Is Starting to Chip Away at the World’s Debt Burdens

(Bloomberg) — Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.Most Read from BloombergCan Indoor Farms Reach Skyscraper Height?Zero Taxes, Golf and Beach Houses Create a Crypto Island ParadiseSaudi Arabia Wants Its Capital to Be Somewhere You’d Want to LiveHigh inflation rates aren’t bad news for everyone. They can be helpful for debtors — which in today’s world economy means almost everybody.In the second quarter of this year, measures of househ
— Read on ca.finance.yahoo.com/news/inflation-starting-chip-away-world-070000600.html

German Borrowing to Stay Close to Record to Fund Pandemic Aid

(Bloomberg) — Germany’s federal government plans to sell the second-highest amount of debt on record next year, as aggressive spending to offset the impact of the coronavirus pandemic continues.Most Read from BloombergCan Indoor Farms Reach Skyscraper Height?Zero Taxes, Golf and Beach Houses Create a Crypto Island ParadiseSaudi Arabia Wants Its Capital to Be Somewhere You’d Want to LiveDebt issuance will shrink to about 410 billion euros ($464 billion) in 2022, compared with a record of around
— Read on ca.finance.yahoo.com/news/german-borrowing-stay-close-record-090000780.html

Italy Debt Rating Raised at Fitch on Robust Economic Outlook

(Bloomberg) — Italy’s credit rating received its first upgrade in four years on Friday, in a sign of confidence in Prime Minister Mario Draghi’s policies that helped the nation’s economy grow faster than the European average.Most Read from BloombergThe Hot New Trend For Hedge Funds Is—Finally—Female FoundersAutomating the War on Noise Pollution‘Ghost Signs’ Haunt London’s Reviving NeighborhoodsFitch Ratings raised Italy one notch to “BBB” with a stable outlook, citing high Covid-19 vaccination
— Read on ca.finance.yahoo.com/news/italy-debt-rating-raised-fitch-224430780.html

Evergrande Moves Toward Restructuring as Debt Deadlines Loom

(Bloomberg) — China Evergrande Group’s long-awaited debt restructuring may finally be at hand, posing a fresh test for Xi Jinping’s government as it tries to rein in the country’s financial excesses without derailing economic growth.Most Read from BloombergThe Hot New Trend For Hedge Funds Is—Finally—Female FoundersAutomating the War on Noise Pollution‘Ghost Signs’ Haunt London’s Reviving NeighborhoodsThe embattled developer said in an exchange filing late Friday that it plans to “actively enga
— Read on ca.finance.yahoo.com/news/china-braces-evergrande-restructuring-months-102656492.html