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Greece confident about exit from debt crisis

Last Updated: Sunday, May 18, 2014, 18:35

Greek Prime Minister Antonis Samaras Sunday voiced confidence about the country`s exit from a painful four-year debt crisis, as the first round of local elections got underway.

Rich countries to borrow less as crisis eases: OECD

Last Updated: Friday, March 28, 2014, 20:47

The world's richest countries will borrow less from the market this year than at any time since 2007, the OECD said Friday, as governments tighten their belts in the wake of the debt crisis.

Li Keqiang allays fears of China debt crisis; to fight corruption

Last Updated: Thursday, March 13, 2014, 12:32

Citing an official audit of government debts last year, Li said the country's debt-to-GDP ratio is still below the internationally recognised warning limit.

Greece posts first annual account surplus since 1948

Last Updated: Thursday, February 20, 2014, 02:37

Greece posted an annual account surplus for the first time since 1948, a positive sign that the ailing economy is on the way to exiting a four-year-long debt crisis, Xinhua reported Wednesday.

China seeks more info from banks amid concerns over debt

Last Updated: Thursday, January 09, 2014, 20:55

China's major banks have been asked to publish data on 12 key indicators, including off- balancesheet assets, to enhance their transparency amid concerns over looming debt crisis due to heavy borrowings by the provincial governments.

Stronger banking union would help boost growth: America to Europe

Last Updated: Thursday, January 09, 2014, 03:24

The United States has a message for the countries of Europe: If you want to help your ailing economies, consider pledging to stand behind one other`s troubled banks.

Bank of England proclaims Britain`s economic recovery

Last Updated: Wednesday, November 13, 2013, 19:42

Britain`s economic recovery "has finally taken hold", the Bank of England said on Wednesday as it upgraded its growth forecasts despite headwinds from the eurozone debt crisis.

House Republicans offer to lift debt ceiling through December

Last Updated: Thursday, October 10, 2013, 23:01

Republicans in the House of Representatives on Thursday unveiled a plan that would avert a looming US default, in a sign that lawmakers may end a standoff that has rattled financial markets and thrown America's future creditworthiness into question.

IMF confident Europe will stick by promises to Greece

Last Updated: Thursday, October 10, 2013, 22:20

International Monetary Fund chief Christine Lagarde said on Thursday that she had 'no doubt' European authorities would stick by their commitments to give Greece additional debt relief if it meets fiscal targets set under its bailout program.

US debt crisis can cause global financial turmoil: IMF

Last Updated: Tuesday, October 08, 2013, 21:05

The IMF Tuesday warned that an imminent debt default by the US due to the government shutdown would result in disruptions in financial markets and could possibly trigger global economic turmoil.

Shutdown enters 2nd week as US scrambles to avert debt crisis

Last Updated: Tuesday, October 08, 2013, 18:46

With the US government shutdown entering its second week on Tuesday, Democrats said they will try to convince Republicans to agree to a long-term USD 1 trillion debt-limit increase to avert the ominous prospect of an unprecedented debt default.

`Pakistan State Oil near bankruptcy due to energy debt crisis`

Last Updated: Sunday, April 21, 2013, 00:04

Continuous cash flow problems due to a debt crisis in the energy sector has brought Pakistan`s only public sector oil marketing company Pakistan State Oil (PSO) close to bankruptcy, a report has said.