ABUJA, Sept 20- Nigeria's oil minister announced a 213 billion naira bail-out package for power companies on Saturday, nearly a year after the sector was privatised.» Read More
Portugal follows Ireland as the second eurozone country to opt for a clean exit from a punishing rescue program.
WASHINGTON- The U.S. government lost $11.2 billion on its bailout of General Motors Co, more than the $10.3 billion the Treasury Department estimated when it sold its remaining GM shares in December, according to a government report released on Wednesday.
WASHINGTON, April 30- The International Monetary Fund's board signed off on a $17 billion two-year aid program for Ukraine on Wednesday to help the ex-Soviet republic's economy recover after months of turmoil.
WASHINGTON, April 30- The International Monetary Fund's board signed off on a $17 billion two-year aid program for Ukraine on Wednesday to help the ex-Soviet republic recover after months of turmoil.
LISBON, April 30- Portugal's government expects to have room to start reversing public sector salary cuts from 2015 while maintaining its budget deficit reduction targets after the end of its international bailout next month.
The $11.2 billion loss includes a write-off in March of the government's remaining $826 million investment in 'old' GM, a Treasury watchdog said.
WASHINGTON, April 30- The U.S. government lost $11.2 billion on its bailout of General Motors Co, more than the $10.3 billion the Treasury Department estimated when it sold its remaining GM shares in December, according to a government report released on Wednesday.
April 29- Ratings agency Standard& Poors said it has downgraded 15 European banks, including Barclays Credit Suisse and Deutsche Bank, after European lawmakers agreed on a framework that prevents governments from having to bail out troubled banks. The banks, many of which are systemically important, also included ABN AMRO, Bank Of Ireland and ING Bank.
WASHINGTON, April 24- The International Monetary Fund on Thursday said its board planned to meet on April 30 to consider an aid package for Ukraine, saying that Kiev had supplied the necessary documents to determine whether conditions for a bailout had been met.
Greece made a successful, if artificially engineered, return to the long-term capital markets last week for the first time since its international bailout in 2010, and just two years after imposing heavy losses on its private creditors.
ATHENS, April 11- German Chancellor Angela Merkel pledged on Friday to continue backing Greece, one day after the debt-laden country tapped bond markets for the first time since its international bailout began four years ago.
Ewald Nowotny, governor of the Austrian Central Bank, says that while "substantial progress" has been made in European program countries, they need to continue their efforts to respect bailout clauses.
*Greece returns to bond markets, ends four-year exile. *Greece sees sale as first step to end austerity, bailout.
*Ukraine ready for harsh IMF medicine in return for bailout. KIEV, April 4- The Kiev government will stick to unpopular austerity measures "as the price of independence" as Russia steps up pressure on Ukraine to destabilise it, including by raising the price of gas, Prime Minister Arseny Yatseniuk told Reuters.
BEIJING, April 3- China's rating agencies are likely to keep a long-held assumption of government bailouts built into most ratings despite the country's first domestic bond defaults and warnings from Beijing that there is no blanket guarantee of support.
*Greece not considering follow-up international aid deal. April 1- Greece, fully funded for the next 12 months, hopes to finance itself on the market afterwards, but its euro zone peers say success depends on whether Athens delivers on the reforms it has promised so far.
Eurogroup president Jeroen Dijsselbloem, says he shares the optimism of the Greek government after it passed a key economic package to release more bailout money, but it is too early to say when the country can exit the program.
WASHINGTON, March 31- Top banks around the world benefit from an assumption that governments will rescue them during a panic, despite regulations meant to reduce the need for future bailouts, the International Monetary Fund said in a report on Monday.
ATHENS, March 31- Greece approved on Monday a contentious reform bill to secure bailout aid but the government was forced to expel a dissenting lawmaker, reducing its majority in parliament to just two seats.
LISBON, March 28- Portugal's chances of making a clean break from its international bailout in May are growing as its economic outlook gradually improves, borrowing costs slide, and some political dividends are seen for the government from going it alone. Prime Minister Pedro Passos Coelho has said the government will decide on what to do in April.