debt

Markets 12th July 2013

China, free fall?

Iris Mir | By mid-June the National Audit Office of China released a report unexpectedly detailing the debts of 36 local governments. It unveiled the chilling figure of 3.3 trillion dollar in debt, by the end of 2012. A 13% higher than in 2010. Furthermore, the lack of stimulus investment plans is fuelling scepticism among those who expected the Asian dragon to keep the world economy afloat. Mostly because the priority for China now is to reorient its model of growth with ambitious programs like the new Co2 emissions exchange.

World economy 2nd July 2013

Is the debt consolidation in the US sustainable?

BARCELONA | By CaixaBank research team | The projected improvement in revenue would not be enough to offset rising outlays, taking federal debt to an alarming 200% of GDP by 2037.

In Europe 26th June 2013

S&P assures peripheral countries’ debt is safe from the danger zone

MADRID | By Julia Pastor |Portugal and Slovenia’s debt comes back to the dangerous rate of 7%, while S&P’s responsible for EMEA defends that there is no immediate threat to peripheral countries’s debt since some of them have been able to pre-fund its needs.

Spanish economy 6th June 2013

Spanish debt a healthy business? Ask insurance companies!

MADRID | Jorge Holgado at Capitalmadrid | When premium risks go high in a country not everyone loses: insurance companies did a good business last year with Spanish debt, although investment in fixed income is not a short-term strategy of the sector.

Markets 9th May 2013

Foreign investors return to non-Treasury Spanish debt

LONDON/MADRID | Up to 80 percent of all issuances–some €30 billion so far this year–were bought by non-resident investors, proof that confidence is on its way of being restored.

Markets 19th September 2012

Public sector and governance: September crucial for the euro area’s future

BARCELONA | The research analysts at la Caixa remind investors of how comfortably (88.2 percent) euro area debt per GDP compares against US’ over 100 percent and Japan’s over 200 percent. But Europe is too unbalanced to survive as it is.

Spanish economy 10th September 2012

Spain’s rescued regions to lose debt issuance rights

By Joaquim Clemente, valenciaplaza.com | All finance activity planned at the autonomous government of the Valencia region must now be approved by the Spanish Treasury in Madrid before going ahead. If regions in Spain that have sought a bailout from the central administration follow the Valencia pattern, they would have seen their financial rights severely limited as a condition to tap loans from the state agency ICO, a Treasury’s credit…

Spanish economy 3rd September 2012

There will not be Spanish debt buying unless profitability goes up (JP Morgan)

By Tania Suárez, Madrid | It seems that September will be a busy month, the beginning of a year full of interesting appointments for investors. As noted from JPMorgan, markets have already priced in aggressive Spanish debt buying by the European Central Bank, “but the risks shall remain high.” Many sources agree that the ECB is not expected to provide many details of the SMP. “There’s not a clear indication…

World economy 30th August 2012

China urges Europe to work on its debt

China is willing to help, but everyone has limits. Premier Wen Jiabao told visiting German Chancellor Angela Merkel at a state visit in Beijing on Thursday that Beijing plans to continue buying European sovereign debt, the strongest sign of support for its biggest trading partner in months, although it urged further measures to be taken. “The European debt crisis has continued to worsen, giving rise to serious concerns in the…

Markets 13th August 2012

“We need a new ratings system under international supervision”

BEIJING | Guan Jianzhong, chairman at Dagong Global Credit, defends the independence of his ratings agency against the US-biased most powerful financial grade houses. Which are the differences between Dagong and its Western rivals: Moody’s, Fitch and S&P? We are essentially different. In the case of these three agencies, they try to protect US interests. The standards they use are the result of their views and values accompanied by a…

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