Stay updated with breaking news from Debt update 1. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
A date for the first meeting of Zambia's official creditor committee has not yet been set, an official said on Monday, after the president of the debt-laden country was reported as saying it would take place on June 16. ....
By Reuters Staff (Adds quotes, background, detail) ATHENS, May 13 (Reuters) - The head of the euro zone’s bailout fund said Greece should be able to manage its soaring public debt as economies recover from the coronavirus pandemic but would need to focus on strengthening productivity and labour markets. Greece’s public debt has jumped to more than 200% of gross domestic product, the highest level in the European Union, as the government has pumped in money during the crisis. But despite its junk credit ratings, Greece is included in the European Central Bank’s Pandemic Emergency Purchase Programme and its 10-year borrowing costs have fallen below 1%. ....
By Reuters Staff (Adds detail, background) April 14 (Reuters) - Australian buy-now-pay-later (BNPL) firm Zip Co said on Wednesday it will raise A$400 million ($307.48 million) through senior unsecured convertible notes to fund its growth and expansion plans. On Tuesday, the BNPL firm reported a record quarterly earnings and unveiled plans to expand into Canada and Southeast Asia. “The additional capital from this offering will support the active pursuit of both core and international growth opportunities,” Chief Operating Officer Peter Gray said in a statement. BNPL firms, which allow users to pay for their purchases over several installments, have seen a boom in transaction volumes and active customers as the pandemic changed consumer behaviour drastically, moving more towards the online space. ....
The share of foreign investors among holders of Russia's OFZ treasury bonds slumped further in March to its lowest since August 2015, the central bank data showed on Monday. ....