Gulf Times - debt
Crisis at India's Jet worsens as it grounds planes, faces strike

Crisis at India's Jet worsens as it grounds planes, faces strike

India's Jet Airways was fighting multiple crises Wednesday after grounding six planes, leaving it with only a third of its fleet flying, while pilots have threatened to walk out and a major shareholder ...

EU accuses 8 banks of forming eurozone bond cartel

EU accuses 8 banks of forming eurozone bond cartel

The EU's powerful anti-trust sheriff on Thursday accused eight banks of having conspired for several years to distort competition in the eurozone bond market.

Italy Senate passes revised budget after EU standoff

Italy Senate passes revised budget after EU standoff

The Italian Senate on Sunday passed a revised 2019 budget agreed after a tense standoff with Brussels which saw the populist government water down key measures.

Sri Lanka risks debt default, warns largest party

Sri Lanka risks debt default, warns largest party

Sri Lanka's largest party warned Tuesday that the island could default on its debt as Moody's slashed its credit rating and a bitter power struggle dragged into a fourth week.

Embattled Air India seeks multi-million-dollar loan

Embattled Air India seeks multi-million-dollar loan

The airline said it was looking for a short-term loan of Rs 10bn ($148mn) "to meet urgent working capital requirements".

India proposes sale of 76% stake in Air India

India proposes sale of 76% stake in Air India

India's federal cabinet in June 2017 approved a proposal to sell shares in the airline, which is more than $8.5bn in debt.

Qatar Airways denies Air India bid plan

Qatar Airways denies Air India bid plan

In June 2017, India’s Cabinet Committee on Economic Affairs gave an in-principle nod for the strategic divestment of the airline.

Indian govt to split Air India's debt ahead of stake sale

Indian govt to split Air India's debt ahead of stake sale

India will transfer part of Air India's $8.5bn debt pile to a special purpose vehicle before selling a stake in the state-owned carrier, its junior civil aviation minister told Reuters on Friday.

Qatar's fiscal deficit expected to narrow on hydrocarbon gains

Qatar's fiscal deficit expected to narrow on hydrocarbon gains

However, the government will continue to cover its budget shortfalls through debt issuance, but faces little risk of any credit event, BMI said in a report.

India approves recapitalisation plan for state-owned banks

India approves recapitalisation plan for state-owned banks

The government will infuse this sum over the next two years to "strengthen the lending capacity of banks to spur growth", finance minister Arun Jaitley told reporters.

IMF sounds alert over debt in largest economies

IMF sounds alert over debt in largest economies

For the first time in years the International Monetary Fund is optimistic about global economic growth. But it sees a new problem: mounting debt in the world's largest countries.

IMF to participate for 'last time' in Greek bailout: Schaeuble

IMF to participate for 'last time' in Greek bailout: Schaeuble

The International Monetary Fund, a key creditor in Greece's bailout, will not participate in any further rescues of the debt-wracked country, Germany's finance minister told a Greek newspaper Saturday.