Debt Deal Deadline

US senators voted to suspend the federal debt limit on Thursday, eliminating the threat of a disastrous credit default just four days ahead of the deadline set by the Treasury.

Days ahead of the deadline for Elon Musk to close the deal to purchase Twitter, the banks that are providing $13 billion (roughly Rs. 1,07,300 crore) in financing for the deal are said to have dropped their plans to syndicate the debt to investors. Instead, the banks such as Morgan Stanley, Barclays, and Bank of America could keep it on their bala...

SBI Capital Markets, a subsidiary of State Bank of India, has received a solicited bid from Etihad Airways and three unsolicited bids for the now-grounded Jet Airways in an ongoing stake sale. The development comes as the deadline for submitting bids under the stake sale ended today at 6:00 pm. Jet Airways' lenders have taken a controlling stake in...

Bitterly divided US lawmakers return this week to face a shrinking window for reaching deals on immigration, federal spending and the debt, as Republican infighting swirls and President Donald Trump complains he is getting zero cooperation from Democrats.

RCom said that in the event the company is unable to complete the deals within the December deadline, lenders may exercise their right to convert their debt to equity as per the strategic debt restructuring rules.

The Kremlin today insisted Russia has made its last offer to Ukraine on restructuring its debt as the clock ticks down on a deadline this month that could see Kiev pushed into default.

Greek Prime Minister Alexis Tsipras said today he was confident of meeting an end-of-the-week deadline set by eurozone leaders to reach a bailout deal or risk leaving the euro.

After a turbulent first week in office, the new government has made clear it wants to end the existing arrangement with the European Union, the European Central Bank and International Monetary Fund "troika" when its aid deadline expires on February 28.

BlackBerry Ltd, which recently concluded a $1-billion convertible debt offering, said it has agreed with its debt holders to extend an option deadline attached to the deal, giving potential investors a chance to buy up to a further $250 million in convertible debt.

President Barack Obama said lawmakers appear to have made progress on a deal to reopen the government and avert a looming default on Monday as he prepared to meet congressional leaders with a Thursday deadline drawing near.

MSCI's broadest index of Asia-Pacific shares outside Japan, which had hit a three-week high on Friday on hopes a U.S. deal was imminent, dropped 0.3 per cent and China's CSI300 index slipped 0.2 per cent.

  Standing on the brink of failure, lawmakers tasked with reining in galloping US deficits by $1.2 trillion over 10 years groped towards an elusive compromise with no outward signs of progress. The 12-member congressional "supercommittee" must by law adopt a plan by Wednesday or risk triggering draconian automatic across-the-bo...

President Obama and Congressional leaders of both parties said late Sunday that they had agreed to a framework for a budget deal that would cut trillions of dollars in federal spending over the next decade and clear the way for an increase in the government's borrowing limit.

US senators voted to suspend the federal debt limit on Thursday, eliminating the threat of a disastrous credit default just four days ahead of the deadline set by the Treasury.

Days ahead of the deadline for Elon Musk to close the deal to purchase Twitter, the banks that are providing $13 billion (roughly Rs. 1,07,300 crore) in financing for the deal are said to have dropped their plans to syndicate the debt to investors. Instead, the banks such as Morgan Stanley, Barclays, and Bank of America could keep it on their bala...

SBI Capital Markets, a subsidiary of State Bank of India, has received a solicited bid from Etihad Airways and three unsolicited bids for the now-grounded Jet Airways in an ongoing stake sale. The development comes as the deadline for submitting bids under the stake sale ended today at 6:00 pm. Jet Airways' lenders have taken a controlling stake in...

Bitterly divided US lawmakers return this week to face a shrinking window for reaching deals on immigration, federal spending and the debt, as Republican infighting swirls and President Donald Trump complains he is getting zero cooperation from Democrats.

RCom said that in the event the company is unable to complete the deals within the December deadline, lenders may exercise their right to convert their debt to equity as per the strategic debt restructuring rules.

The Kremlin today insisted Russia has made its last offer to Ukraine on restructuring its debt as the clock ticks down on a deadline this month that could see Kiev pushed into default.

Greek Prime Minister Alexis Tsipras said today he was confident of meeting an end-of-the-week deadline set by eurozone leaders to reach a bailout deal or risk leaving the euro.

After a turbulent first week in office, the new government has made clear it wants to end the existing arrangement with the European Union, the European Central Bank and International Monetary Fund "troika" when its aid deadline expires on February 28.

BlackBerry Ltd, which recently concluded a $1-billion convertible debt offering, said it has agreed with its debt holders to extend an option deadline attached to the deal, giving potential investors a chance to buy up to a further $250 million in convertible debt.

President Barack Obama said lawmakers appear to have made progress on a deal to reopen the government and avert a looming default on Monday as he prepared to meet congressional leaders with a Thursday deadline drawing near.

MSCI's broadest index of Asia-Pacific shares outside Japan, which had hit a three-week high on Friday on hopes a U.S. deal was imminent, dropped 0.3 per cent and China's CSI300 index slipped 0.2 per cent.

  Standing on the brink of failure, lawmakers tasked with reining in galloping US deficits by $1.2 trillion over 10 years groped towards an elusive compromise with no outward signs of progress. The 12-member congressional "supercommittee" must by law adopt a plan by Wednesday or risk triggering draconian automatic across-the-bo...

President Obama and Congressional leaders of both parties said late Sunday that they had agreed to a framework for a budget deal that would cut trillions of dollars in federal spending over the next decade and clear the way for an increase in the government's borrowing limit.