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U.S. national debt surpasses $28 trillion for 1st time

The U.S. national debt has surpassed $28 trillion for the first time, according to the U.S. Treasury Department.

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Venezuela bondholders inch toward $50 billion debt default showdown

InvestorsholdingbillionsofdollarsindefaultedVenezuelanbondshaveformedatleastonebondholdercommitteethatisseekingafinancialadviser,accordingtoseveralsourcesfamili

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China's Government Debt Ratio Fell Last Year

China’slocalgovernmentsatalllevelshaveacceleratedtheestablishmentofasoundandstandarddebtfinancingmechanismtopreventandtacklefinancialrisks,saidaseniorofficialof

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Largest U.S. radio company iHeartMedia files for bankruptcy

IHeartMediaIncfiledforChapter11bankruptcyonThursdayasthelargestU.S.radiostationownerreachedanin-principleagreementwithcreditorstorestructureitsoverwhelmingdebtl

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China inhibits 'a wolf' becoming 'a wolfpack' to forestall systemic risk

AChineseregulatortakingdirectcontrolofadebt-riddenfinancialentityundersomeextremecircumstancescanstabilizethetransitionandpreventsawolffrombecomingawolfpack,sai

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China rejects study by US-based think-tank on BRI-linked debt risks

BeijingonWednesdayrejectedrecentclaimsbyaWashington-basedthink-tankthatloansofferedunderChina’sBeltandRoadInitiative(BRI)willelevatedebtrisksinseveralcountriesi

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US Secretary of State Tillerson visits Africa for the first time ever

USSecretaryofStateRexTillersonflewtoEthiopiaonWednesday,kickingoffhisfirsteverdiplomaticvisittoAfrica.Theeight-dayvisitcomesabouttwomonthsafterthecountry'sPresi

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Seychelles designates huge new marine reserve

Aninnovativeexchangeofsovereigndebtformarineconservation,backedbythelikesofLeonardoDiCaprio,couldpavethewaytosavinglargeswathsoftheworld’soceansThetropicalislan

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Zambia to rearrange China loans to meet IMF conditions

ZambiawillrearrangeloansfromChinesecompaniesandinsteadlooktoborrowdirectlyfromtheChinesegovernmentinabidtosatisfyInternationalMonetaryFundconditionsandunlockapo

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Saudi Arabia steps up efforts to end $22-billion debt dispute - sources

SaudiArabiahasacceleratedstepstoresolvea$22-billiondebtdisputethatisseenbyinvestorsasalitmustestofCrownPrinceMohammedbinSalman’scommitmenttoreforms,threesources

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China's local governments issue less debt in 2017

LocalgovernmentsinChinaissuedlessdebtin2017amidofficialeffortstoeasethecountry'sdebtburden,marketdatashowed.Localgovernmentsraised4.36trillionyuan(about670billi

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Will tech tycoon Jia Yueting return to China to deal with company debt?

JiaYueting,aChineseInternettycoon,hasbeenorderedbytheChinaSecuritiesRegulatoryCommission(CSRC)todealwiththemountingdebtofLeEco,thecompanyhefounded.TheChinesemar

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Debt bear stalks Goldilocks economy

TheglobaleconomyisenjoyingaGoldilocksmoment,withgrowthandinflationneithertoohotnortoocold.ButadecadeafterthecollapseoftheUSsubprimemortgagemarkettriggeredagloba

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Taxing task: China's deleveraging push

TheancientGreekmathematicianArchimedesoncesaid,"Givemealeverlongenoughandafulcrumonwhichtoplaceit,andIshallmovetheworld."Butmakethelevertoolong,anditmaybreak.Th

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Starbucks is using the oldest trick in the book to boost its stock price

Havingslippedfromitsmid-yearhighs,Starbucksisturningtotheoldesttrickinthebooktoboostitsstockprice.Thecompanyisplanningtosell$1billionofdebt,andthenusetheproceed

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Venezuela in 'selective default', signs debt deal with Russia

VenezuelasignedadebtrestructuringdealwithmajorcreditorRussiaonWednesday,adiplomaticsourcetoldAFP,asratingsagenciesdeclaredCaracasinpartialdefault.Thecountryisse

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Ex-head of EU Central Bank calls for vigilance on global debt

Theglobaleconomyisimproving,butthebuildingofglobaldebtremainsabigconcern,saidJean-ClaudeTrichet,chairmanoftheGroupof30andaformerpresidentoftheEuropeanCentralBan