Petwicks.com - The Latest Debt News and Information

This Chinese app tells you if you’re within 500 metres of someone in debt  Evening Standard

Google knows a lot about you: what you look like, how you sound, your favourite place to get coffee. But all that information stays within Google, it isn't handed ...


Marston's plans to scale back expansion to pay off £200m debt  The Drinks Business

Pub and brewing company Marston's will scale back its planned expansion in order to pay off some of its £1.2 billion debt pile. (Photo: Elliot Brown/Flickr).


China bad debt disposals hit levels not seen for 20 years  Financial Times

Disposals of bad debt in China are reaching levels not seen in nearly two decades as the banking sector grapples with an onslaught of poor-quality loans that ...


The IMF's focus on debt recovery must be corrected  Financial Times

In this guest post Peter Doyle, a former senior IMF economist, argues that the Fund's fiscal conditionality costs more than meets the eye. My recent alarum about ...


Investors in debt-laden companies face messy workouts  Financial Times

Byzantine debt structures will lead to lengthy, litigious and very costly bankruptcies.


Government debt hits record $66 trillion, 80% of global GDP, Fitch says  CNBC

"Government debt levels are high, leaving many countries poorly positioned for financial tightening as global interest rates begin to move higher," says James ...


Graphic: The new corporate debt market  Financial Times

How do weaker borrowers get their hands on credit?


This is the worst place to live in America to pay down debt  CNBC

LendingTree recently analyzed data in 50 of the biggest metro areas in the U.S. to find which city was the worst to live in if you're looking to pay down debt.


Limited risks from global debt boom, says Credit Suisse  Financial News

There is little risk of a global financial meltdown caused by too much borrowing, according to a comprehensive new study from Credit Suisse — despite a record ...


Welsh pupils refused hot school dinners due to credit debt  BBC News

Pupils are being refused a hot meal in school if they have no credit on their cashless payment account, a group of councillors has claimed. When that happens ...


Eurozone faces risky game of 'political chicken' as debt fears rise  Telegraph.co.uk

The end of quantitative easing will increase the risk of countries defaulting on their debt and may start a “game of political chicken” in the eurozone if Italy needs ...


Côte d'Ivoire's SIR financing highlights innovations in Africa's debt markets  Global Trade Review (GTR)

Côte d'Ivoire's Société Ivoirienne de Raffinage (SIR), West Africa's largest oil refinery, has secured a €577mn debt financing which will help it repay historical ...


Sirius Minerals changes $3bn debt plan following lender talks  Financial Times

Sirius Minerals has changed the $3bn financing plan for its potash project in North Yorkshire following talks with prospective lenders. The funding package for ...


Low income, no assets, large credit-card debt: why more older Australians are declaring bankruptcy  The Conversation AU

Bankruptcy is affecting more and more older people. About 2,400 of the almost 17,000 new bankruptcies in Australia in 2017-18 were aged 60 or more, ...


Eurozone household debt falls to lowest level since 2006  Financial Times

A measure of eurozone personal debt is at its lowest since before the financial crisis, making the region's consumers less vulnerable to the effects of a rise in ...


Deripaska debt to VTB not written off under En+ sanctions deal:...  Reuters

VTB Bank is not writing off debt owed by Oleg Deripaska under a deal to lift U.S. sanctions from Russia's En+ Group , VTB First Deputy CEO Yuri Soloviev was ...


Fabege gets €160m green loan from Brunswick Nordic debt fund  IPE Real Assets

The loan is secured against an office property Apotekaren 22 in Stockholm.


The Debt Machine  Financial Times

Leveraged companies could be caught out as the threat of recession looms.


Could junk debt lead to a new subprime-style meltdown?  The Week UK

Bank of England sparks concern among central banks after revealing the size of the global risky loan market.


Meeting set to secure future of debt-hit Cradley Community Centre  Halesowen News

The future looks brighter for debt-hit Cradley Community Centre which had been threatened with closure over a cash crisis.


Debt machine: are risks piling up in leveraged loans?  Financial Times

Regulators fear looser lending standards for low-rated companies could precipitate the next downturn.


Ecuador may accept IMF help to reduce deficit, international debt  Reuters

Ecuador may use financing from the International Monetary Fund (IMF) to balance its budget, as the South American country seeks to reduce a swollen fiscal ...


Debt crisis fears exaggerated, says Credit Suisse | Business  The Times

Fears of a global systemic debt crisis are overblown, Credit Suisse has argued, although the investment bank warned that there were pockets of risk that need to ...


How much credit card debt does the average Brit really have?  Motley Fool UK

Credit card debt in the UK has been steadily climbing since July 2013, with Britain as a whole owing £72.5bn on credit cards according to statistics released by ...


Global Debt Grows as Economy Slows  pymnts.com

The Institute of International Finance found that as of the end of the third quarter of 2018, global debt levels stood at $244 trillion.


Chinese consumers debt load worsens slowdown  Business Insider

Chinese economic data point to a significant slowdown in consumption, and part of that is because consumers took on a lot of debt really fast.


EM groups will pay heavy price for gorging on debt  Financial Times

Less investment for growth and yet more borrowing beckons.


Australian Dollar May Fall to 66 US Cents, HSBC Says  Bloomberg

The beleaguered Australian dollar faces a growing threat: an addiction to real estate is creating a debt mountain.


ALEX VON SCHOENBURG: We Germans owe Britain a great debt  Daily Mail

Alexander von Schoenburg - editor of Bilt, Germany's largest newspaper - makes an impassioned plea to EU leaders to allow Britain to exit the European Union ...


Prudential Capital Group provides $12.53 billion in private debt to middle-market companies in 2018  Global Banking And Finance Review

Prudential Capital Group provided $12.53 billion of senior debt and junior capital to over 200 middle-market companies and projects globally in 2018. Prude.


Ray Dalio: Short Term Debt Cycle And Global Financial Risk – Full Davos Speech And Videos From Other Speakers At WEF  ValueWalk

I think we are in the later stages of the short term debt cycle meaning maybe we're in the seventh or eighth inning of that there was.


Venezuela's PDVSA Announces 5% Decline In Debt | OilPrice.com  OilPrice.com

Venezuela's state-owned oil company, PDVSA, said its debt fell by 5 percent last year to US$34.6 billion, Reuters report, citing a statement in a Venezuelan ...


Bank of England warns of junk debt crisis risk  Investment Week

The Bank of England has warned the $1.4trn loan market could lead to another fallout similar to the US subprime mortgage crisis that contributed to the GFC in ...


The truth about debt consolidation  Yahoo Finance

On this week's personal finance segment, "Your Questions Answered," Jeanie Ahn breaks down what to know before you turn to a debt-eraser.


NGO: Rising numbers saddled with €100+k in unsecured debt  YLE News

A record 43000-plus people sought free debt counselling in 2018, the highest in its 30-year history, the Guarantee Foundation said on Wednesday.


Cut your overdraft debt with 0% money transfer and balance transfer credit cards  The Sun

IF you're paying lots of interest on your overdraft, you're probably spending more than you need to. By using a 0 per cent credit card, it's usually possible to clear ...


African Borrowers Face Risk of Debt 'Tipping Point'  Bloomberg

A third of African countries have unsustainable debt positions and the continent must reduce its reliance on foreign funding for projects that don't help them ...


A Chechen Court Ruled To Forgive $100 Million Of Citizens' Gas Debts. Gazprom Isn't Happy.  RadioFreeEurope/RadioLiberty

A Chechen court has ruled in favor of writing off more than $100 million in gas debt over fears of possible "social unrest." Gazprom is challenging it. Will other ...


Barrow's debt crisis expected to spike this month as 'perfect Christmas' bills hit doormats  NW Evening Mail

BARROW'S debt crisis will spike in January as Christmas bills hit doormats, officials have warned.


MONEY CLINIC: We can't pay our debt  Fin24

Have a money problem that needs solving? Fin24 can help! This month our focus is on debt. Send your question to editor@fin24.com or find the Money Clinic ...


Turkish debt – get it while you can  GlobalCapital

Backed by a resilient and toughened banking system, Turkish debt could be one of the most rewarding investments in loan and bond format alike. As the country ...


Bank of England raises alarm over junk debt  Telegraph.co.uk

Fears are mounting that the $1.4 trillion risky loan market could lead to a subprime mortgage-style meltdown after Bank of England research caused shock ...


Africa debt burden [Business]  africanews

On this business segment, presenter Jean-David Mihamle examines the roots of Africa's debt burden and explores measures that countries can turn to for funds ...


UK reviews impact of student debt on financial stability  Financial Times

Bank of England examines how loans affect graduates' ability to spend and pay other debts.


How January pushes the poorest towards the priciest debt  The Independent

For many people, this is now the fifth week since the last payday – and for a significant number that's causing serious problems. December is an expensive ...


Average UK household debt now stands at record £15,400  The Guardian

Britain's household debt mountain has reached a new peak, with UK homes now owing an average of £15,385 to credit card firms, banks and other lenders, ...


10 worst cities for paying down debt  BenefitsPro

LendingTree found that it's easier to pay down debt in some cities but in others the dice are so to speak loaded against the debtor.


Czech democracy ‘under threat’ from rising debt crisis  The Guardian

Snowed under with debts from a failed business, Renata's hands shook as she told a tale of financial misery that drove her to contemplate suicide and visited ...


Venezuela's Guaido Says Opposition Seeks Financing, Debt Relief  Bloomberg

Venezuela's opposition would seek financial relief and a renegotiation of the nation's mounting foreign debt if it was recognized as the rightful government, Juan ...


Circular debt soars to Rs807b, Senate told  The Express Tribune

ISLAMABAD: The country's circular debt, payable to the power producers has topped Rs807 billion and the government is introducing measures to improve ...


Beat depressing Blue Monday by owning up to debt, experts say  Daily Mail

Tomorrow is 'Blue Monday' – supposedly the most depressing day of the year with money worries a key contributor. Financial experts say confiding in others is ...


New Look to regroup after restructuring debt  Drapers

New Look's refinancing, aimed at reducing its long-term debt by 80%, will put the retailer “on the front foot” in tackling its turnaround strategy, executive chairman ...


The Challenges for the European Left regarding Debt and the Banks  CADTM.org

Second part of the interview given to LVSL. Here, the first part “Break the Taboo on Odious Debts and their Repudiation”. LVSL – If we look at the (...)


How to Get out of Credit Card Debt?  INQUIRER.net

Credit card debt is quite burdensome. The best way out of debt is to learn from those who've succeeded in getting out of it.


Apex bank's committee raises concern over Nigeria's rising debt stock  Journalducameroun.com - English

Published on 23.01.2019 at 18h21 by APA News. Share. The Monetary Policy Committee of the Central Bank of Nigeria (CBN) has lent its voice to the call by ...


Dogs of the U.S. Corporate Debt Market Are Its Newest Darlings  Bloomberg

The U.S. corporate debt market's weakest links are showing new signs of strength.


China reportedly made an app to show people if they're standing near someone in debt — a new part of its intrusive 'social credit' policy  Business Insider

It hopes to get citizens to monitor the so-called debtors and report them to authorities if they behave as if they could repay their loans.


3 Colleges That Help You Handle Student Debt  WHAS11.com

With collective U.S. student loan debt nearing $1.5 trillion, some colleges are testing innovative solutions to help reduce student borrowing.


Patisserie Holdings in crunch talks with banks over debt extension  Proactive Investors UK

Troubled cafe chain Patisserie Holdings PLC (LON:CAKE) remains locked in talks with its banks over a finance package without which the group might fail as ...


Huge borrowing hike by Doncaster households as debt escalates  Doncaster Today

Borrowing by Doncaster households has increased by 15 percent in the past five years along with a hike in credit card and car financing debt new figures have ...


Brexit threat exposes frailties in UK debt markets  Financial Times

The UK's debt markets have remained fairly tranquil over the past couple of years as Brexit looms — but that cannot be expected to continue if there is a chaotic ...


Guggenheim's Scott Minerd warns about high debt levels in media and telecom companies  CNBC

Guggenheim's global chief investment officer, Scott Minerd, believes the media and telecommunications industry could start to feel financial pain in the coming ...


In Montana, the Practice of Suspending People's Licenses for Outstanding Court Debt Could Soon Be Over  ACLU

In more than 40 states across the country, state governments suspend people's driver's licenses for outstanding court debts, a practice that disproportionately ...


Why the US Corporate Debt Bubble Could Spark the Next Recession  CCN

US corporate debt has increased from $4.9 trillion to $9.1 trillion, by 86 percent in just over a decade, and it may spell trouble for the US stock market.


How to Manage Student Loan Debt During Government Shutdown | Student Loan Ranger  U.S. News & World Report

The first step you should take is to reach out to your student loan servicer.


Tesla has $920 million in debt that's coming due — and it could wipe out a large chunk of the company's cash  CNBC

Tesla has a billion dollar debt coming due, and it could wipe out nearly a third of the company's cash if the stock price doesn't improve. About $920 million in ...


Applicants for court-approved debt deals fall  Independent.ie

There has been a fall in the number of people applying for court-approved debt deals.


Economy in brief: IMF's global call on debt irrelevant to RI  Jakarta Post

Finance Minister Sri Mulyani Indrawati has said the International Monetary Fund's call for governments around the world to reduce foreign debt was irrelevant to ...


Securitize To Join IBM's Blockchain Accelerator To Modernize $82T Corporate Debt Market  Forbes

Securitize, a compliance platform and protocol for digitizing securities on the blockchain, has revealed that it's one of 10 companies to join the IBM Blockchain ...


Recession Watch: The Debt Load of the Travel Industry’s Public Companies  Skift

Skift Research is looking to a solid growth year for the travel industry, but what if something unexpected occurs, and things get nasty? We thought it Skift looked ...


New Look aims to cut debt by £1bn in restructuring plan  City A.M.

New Look will cut debt by £1bn as part of a restructuring deal agreed with investors, the fashion retailer announced this morning.


China’s globetrotting labourers face dangers and debt  Financial Times

Overseas workers struggle amid long hours, unsafe conditions and unpaid salaries.


Debt headache? Reboot your finances for the new year  The Guardian

Did you blow your budget in December? In a few days' time, the first set of post-Christmas credit card bills will land on doormats – and for many they will not ...


£2m bank charge for college clearing debt with bailout  FE Week

A cash-strapped college has spent almost £2 million of the bailout cash it received from the government on bank charges – although it has actually saved money ...


How a corporate debt pileup could intensify the global economic slowdown  MarketWatch

As global growth concerns come to a head, excessive debt levels are drawing the eyes of nervous investors.


CANADA FX DEBT-C$ hits 2-week low as some economists see Nov GDP decline  Reuters

The Canadian dollar edged higher against its U.S. counterpart on Wednesday, but the currency held near an earlier two-week low after being pressured by a ...


Money Saving Expert Martin Lewis advises how to shift credit card debt on This Morning  Express

Money Saving Expert Martin Lewis, 46, was met with huge praise from viewers of his Money Show last week, after explaining how people can shift their debt to ...


Hundreds of people in Barrow in debt owing more than £1m - shock report reveals  NW Evening Mail

BARROW'S debt crisis soared past a million pounds last year, according to a shocking new report.


Venezuela's PDVSA Total Debt Declined in 2018  Financial Tribune

Venezuela's state-run oil company PDVSA said on Tuesday its debt fell 5% in 2018 from a year ago to $34.6 billion, though it remains in default on most of its ...


1099-C Cancellation of Debt—The Most Hated Tax Form  Credit.com News

1099-C Cancellation of Debt may be the most hated tax form around. To ease the pain, here is the 1099C deadline and the 1099 C stat of limitations.


Robin Hood Energy: Nottingham city council pledges to cover latest debt  West Bridgford Wire

The energy company owned by Nottingham City Council has been given further financial reassurances by the authority. The Labour-run council has extended ...


Drug dealer rented out addict’s council flat to clear €5,000 debt  The Irish Times

Dublin City Council sought possession of property for breach of tenancy agreement.


AB InBev, world's largest beer company, gets stock upgrade by RBC  CNBC

Investors should buy shares of AB InBev — the world's largest beer company — because a recent refinancing will lighten the company's massive debt burden, ...


Federal Reserve Study: Rising Student Loan Debt Connected to Decline in Homeownership  ACA International

Recent Federal Reserve research shows student loan debt is one reason for the ongoing decline in homeownership in the U.S., especially among adults ...


How to cure a Christmas debt hangover  The Independent

You had a great Christmas. You enjoyed picking the best gifts for the people you love, you ate and drank well, and you caught up with friends and family you ...


Woman attacked with knife over 'cigarette debt'  The Ulster Herald

A MAN accused of beating a woman with a knife close to Strathroy last week over an alleged debt for cigarettes has been denied bail. The incident happened on ...


Afterpay sucks student into $3110 debt  Coolum & North Shore News

A tTEENAGE student was weighed down by debt owing more $3110 to the rapidly expanding "buy now, pay later" *service* Afterpay. Renny O'Dwyer, 19, earns ...


Record year: Sustainable debt market surges forward in response to growing global demand  www.businessgreen.com

The global green finance market enjoyed another impressive year in 2018, as record levels of sustainable debt were issued on the back of solid growth from the ...


Student loan debt is keeping young people from buying homes, Fed study finds  CNBC

Home ownership among all Americans for the study period declined 4 percentage points, from a peak of 69 percent in 2005 to a trough of 65 percent in 2014.


How to pay off all your debt in January 2019 with these easy steps  inews.co.uk

Christmas spending will have put the average person further into debt as the New Year starts. But it is possible to pay off a significant chunk in January.


US national debt rises $2 trillion under Trump  CNN

The US national debt stood at $21.974 trillion at the end of 2018, more than $2 trillion higher than when President Donald Trump took office, according to ...


IMF’s global call to cut debt irrelevant to Indonesia: Sri Mulyani - The Jakarta Post  Jakarta Post

Finance Minister Sri Mulyani Indrawati has said that the International Monetary Funds (IMF) call for governments around the world to reduce foreign debt was ...


Poplar Kitten death: '£20 debt led to manslaughter' of newly-wed husband  Essex Live

Andrew Watt died following an incident outside the Poplar Kitten pub in Harlow.


This is the best place to live in America to pay down debt  CNBC

LendingTree recently analyzed data in 50 of the biggest metro areas in the U.S. to find which city was the best to live in if you're looking to pay down debt.


Hedge funds target AA over debt pile  Telegraph.co.uk

Hedge funds have ramped up their bets against the AA, piling pressure on chief executive Simon Breakwell to get to grips with its enormous debts.


Average household debt in Burnley up by 25% since 2014  Burnley Express

The average Burnley household's borrowing increased by 25% over the last five years, following the national trend of people taking on more new credit card and ...


As China’s debt soars, the market for buying bad loans revs up  The Economist

FOR MANY investors, debt in China is something to fear, a shadow over the world economy. But for a different breed, it looks more like a terrain of untapped ...


Vulture funds eat up debt bonds of Pizza Express, owned by John Zhao  The Times

Vulture funds are believed to be stalking Pizza Express, buying up the company's debt on the cheap in an attempt to seize control. The high street restaurant's ...


South Korea's POBA seeks managers for 120 million euro private debt mandate  Asia Asset Management

Government Funds: POBA is looking for three bond managers for the mandate, which has a target annual return of 5%-6%