(AFX UK Focus) 2010-02-19 15:41 Brevan Howard says no exposure to Greek debt, CDS-letter
(AFX UK Focus) 2010-02-19 15:41 Brevan Howard says no exposure to Greek debt, CDS-letter
LONDON, Feb 19 (Reuters) – Brevan Howard, Europe’s biggest hedge fund firm, has no exposure to Greek debt or credit default swaps and has no plans to short the bonds or buy protection in the foreseeable future, according to an extract from a letter to investors. The firm also said it had no exposure to Portuguese, Italian or Spanish debt or CDS, and had no intention of shorting or buying …
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Categories: credit meld Tags: 1541, 20100219, Brevan, CDSletter, debt, exposure, Focus, Greek, Howard, Says
Strikes Expand in Greece; Hedge Funds Bet on Debt Default
Strikes Expand in Greece; Hedge Funds Bet on Debt Default
Taxi drivers walked off the job for 24 hours in the latest protest against the government’s austerity program.
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WSJ(2/16) Credit Mkts: Restructuring Concerns Pound Dubai Debt
WSJ(2/16) Credit Mkts: Restructuring Concerns Pound Dubai Debt
DUBAI — The price of insuring Dubai debt against a default rose Monday and stocks in the city-state fell, the second day of market upheaval following news that flagship corporation Dubai World Dubai World may offer creditors just 60% of the money they are owed as part of a deal to reschedule $22 billion in debt.
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Categories: credit meld Tags: concerns, Credit, debt, Dubai, Mkts, Pound, Restructuring, WSJ2/16
How Wall Street Helped Mask Europe’s Debt
How Wall Street Helped Mask Europe’s Debt
As worries over Greece rattle world markets, records and interviews show that with Wall Street’s help, the nation engaged in a decade-long effort to skirt European debt limits.
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Markets hit as fears over Dubai debt rekindled
Markets hit as fears over Dubai debt rekindled
Investors switched their attention to the Gulf yesterday as markets reacted to fears that a restructuring plan from the state-owned conglomerate Dubai World would pay creditors only 60 per cent of the money they are owed.
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Europe, Greece facing tug-of-war over debt rescue
Europe, Greece facing tug-of-war over debt rescue
BRUSSELS (AFP) – Pressure mounted on Greece on Monday to take tougher action to slash its debts, but Athens responded by demanding that Europe spell out what it will offer by way of an eventual bailout.
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British Airways Debt Rating Reduced By S&P on Strike, Earnings
British Airways Debt Rating Reduced By S&P on Strike, Earnings
Feb. 8 (Bloomberg) — British Airways Plc had its credit rating lowered by Standard & Poor’s because of the threat of strike action, the outlook for earnings and “uncertainty” regarding the company’s pension deficit.
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Australian Dollar Near 4-Month Low on European Debt Concern
Australian Dollar Near 4-Month Low on European Debt Concern
Feb. 9 (Bloomberg) — The Australian dollar was near its lowest level in four months as concerns about European nations’ debt discouraged investors from buying higher-yielding assets.
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Categories: credit meld Tags: 4month, Australian, Concern, debt, Dollar, European, near
(AFX UK Focus) 2010-02-08 04:45 Japan corp bankruptcies down but debt up due to JAL
(AFX UK Focus) 2010-02-08 04:45 Japan corp bankruptcies down but debt up due to JAL
TOKYO, Feb 8 (Reuters) – Japan’s corporate bankruptcies fell 21.8 percent in January from a year earlier to their lowest level since 2007 and down for the sixth straight month, as government credit support measures helped small businesses, a research firm said on Monday. But total debt involved more than doubled last month to 2.6032 trillion yen ($29 billion), the biggest amount for January …
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Categories: credit meld Tags: 0445, 20100208, bankruptcies, corp, debt, down', Focus, Japan
Treasury Yields Near Seven-Week Lows on European Debt Concern
Treasury Yields Near Seven-Week Lows on European Debt Concern
Feb. 8 (Bloomberg) — Treasury yields were near the lowest levels in at least seven weeks as concern some European nations may default on their debt sent investors to the relative safety of U.S. securities.
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