Debt

Greece, Markets Satisfied by EU-IMF Greek Debt Deal

The Greek government and financial markets were cheered on Tuesday by an agreement between euro zone finance ministers and the International Monetary Fund to reduce Greece's debt, paving the way for the release of urgently needed aid loans.

Fitch Cuts Sony, Panasonic Debt Ratings to "Junk" Status

Ratings agency Fitch downgraded the debt ratings of Japan's Sony Corp and Panasonic Corp to "junk" status citing weakness in their consumer electronics and TV operations, further diminishing the luster of the once-great Japanese brands.

Spain debt rises on aid to banks, regions, finance cost

Spain's debt levels are set to rise next year, piling pressure on the government to apply for aid as it pours funds in to cash-strapped regions, an ailing banking system and rising refinancing costs, its budget showed on Saturday.

EU pushes more moves to stem debt crisis

European Union officials pushed on Saturday to accelerate moves to stem the bloc's long debt crisis as Italian premier Mario Monti warned that economic suffering was fuelling divisive nationalism on the continent.

Mexico's Cemex gains breathing room on debt payment

Mexican cement maker Cemex moved closer on Tuesday to wrapping up an ambitious refinancing deal to push back payment of $7.2 billion of debt, and also announced a planned asset sale that would give the company much-needed breathing room.