SAO PAULO, July 11- Holders of about $210 million in credit default swaps issued to insure against the bankruptcy of Brazilian phone operator Oi SA are likely to get paid later this month after an industry group scheduled a July 21 auction of the securities. Earlier this month the New York- based International Swaps and Derivatives Association declared a "credit... » Read More
Risks that the troubles in Egypt may spread have increased and the uprisings have a negative effect on growth, as well as contributing to higher prices, economist Nouriel Roubini said.
The Swiss central bank confirmed it has excluded Irish government debt from a list of assets considered eligible as collateral for its repo deals – operations under which it lends money against collateral.
Call it one of the dirty little secrets of the education industry: When students can’t pay their loans, many schools manage (some would say, manipulate) default rates so they look better than they really are.
Germany is pushing to let hopelessly indebted governments do exactly that — admit they can't pay and hit bond investors with the costs instead of taxpayers.
Ireland has opened the door to a renegotiation with senior bondholders of its two nationalized banks despite previously opposing any such move. The FT reports.