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Debt News
Ecuador law would forgive mortgage debt Ecuador's legislature has passed a bill that would require banks to forgive any outstanding debt on mortgages for first-time home buyers of properties worth up to $146,000 if they default and forfeit the home.The measure, aimed at discouraging a real estate bubble of the type that has caused so much pain in the United States and Europe, won praise from many Ecuadoreans on Wednesday. The country's
Thumbnail sketches of jurors in Clemens retrial
-enhancing drugs, following Wednesday's dismissal of a juror for repeatedly falling asleep during the trial. The dismissed juror, from Seat 11, was replaced by the juror in Seat 3, who had been the
Retail investors go for debt over equity funds
The financial year ending March 2012 saw a visible trend of investors’ affinity for debt funds at a time when the equity markets remained weak and volatile.
ASIA CREDIT CLOSE: Street going long, PB still a seller
SINGAPORE, May 8 (IFR) - Trading activity picked up in Asia on Tuesday following a positive session in the US. As the market shrugged off the weekend news from Europe in the US session, Asian
Touching 54
On the heels of Standard & Poor’s decision to downgrade its India outlook, Morgan Stanley has issued a warning that India is vulnerable to a balance of payments shock. This cannot be a
Air India seeks proposals to raise up to $800 mln in debt
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