December 2009

Trucker YRC’s debt exchange succeeds, shares fall (Reuters via Yahoo! News)

U.S. trucking giant YRC Worldwide said it averted bankruptcy by finally negotiating a critical debt-for-equity exchange that wipes out $470 million in debt and gives the struggling company access to needed credit as it restructures.

Trucker YRC’s debt exchange succeeds, shares drop (Reuters via Yahoo! News)

U.S. trucking giant YRC Worldwide said on Thursday it averted bankruptcy by successfully negotiating a critical debt-for-equity exchange that wipes out $470 million in debt and gives the struggling company access to needed credit as it restructures.

Brakes on credit as business shuns debt (Brisbane Times)

ANNUAL credit growth slowed to a near 17-year low in November as businesses reduced their debt, economists say.

Brakes on credit as business shuns debt (Brisbane Times)

ANNUAL credit growth slowed to a near 17-year low in November as businesses reduced their debt, economists say.

RBS Recommends Asia High-Grade Bonds Before Credit Downturn (Bloomberg)

Companies will sell fewer bonds, and notes rated below investment-grade will fall, as governments withdraw stimulus measures that helped make 2009 a “vintage” year for corporate debt, Tim Jagger , Asia-Pacific head of credit strategy for Edinburgh-based RBS, said in an interview.

Support grows for tackling nation’s debt (Washington Post)

Senate action late last week that increased the limit on the government’s credit card to a record $12.4 trillion gave a significant boost to a proposal to appoint a special commission to make the tough decisions that will be required to dig the nation out of debt.

Credit card statistics, industry facts, debt statistics (MalaysiaNews.net)

average credit card debt and more — compiled by the CreditCards.com staff. Statistics on this page will be updated regularly as we receive new or updated credit card data. Some data may appear multi…

Credit card statistics, industry facts, debt statistics (MalaysiaNews.net)

average credit card debt and more — compiled by the CreditCards.com staff. Statistics on this page will be updated regularly as we receive new or updated credit card data. Some data may appear multi…

Credit card statistics, industry facts, debt statistics (Fox News)

Read recent credit card statistics, surveys and research from a variety of sources. This frequently updated compilation of credit card statistics is all sourced, making fact-checking and research …

Australia’s credit debt exceeds GDP, new record (The Malaysian Insider)

MELBOURNE, Dec 28 — In what is a new record, Australians now owe more in household debt and in comparison to the annual earnings of the country’s economy. Reserve Bank figures show mortgage, credit card and personal loan debts now stand at A$1.2 trillion, up 71 percent from just five years ago and equating to A$56,000 for every man, woman and child in the country, News Ltd says. The spending …

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