Debt Market

By David Lin and Charlie Zhu WUXI, China/HONG KONG, May 22 (Reuters) - Local creditors of Wuxi Suntech, the bankrupt unit of Chinese solar panel maker Suntech Power Holdings Co Ltd, on Wednesday claimed the subsidiary owed them a combined $2.5 billion,...

WASHINGTON (Reuters) - Below is the text of Federal Reserve Chairman Ben Bernanke's prepared testimony on the U.S. economy to the congressional Joint Economic Committee on Wednesday. Chairman Brady, Vice Chair Klobuchar, and other members of the...

WARSAW (Reuters) - Poland has turned its back on policies that once made it Europe's growth leader and is flirting with the recession that it alone among its emerging European Union peers has evaded through years of crisis. It weathered the global...

TOKYO (Reuters) - A Japanese government panel warns there is "absolutely no guarantee" that domestic investors will keep financing the country's massive public debt, citing the risk of a spike in bond yields that could crimp long-term growth prospects,...

* Stock exchange expects two foreign listings next year * Says four local companies could offer shares by year-end * Calls for better regulations in Colombia capital markets By Helen Murphy and Nelson Bocanegra BOGOTA, May 20 (Reuters) - Colombia aims...

TOKYO (Reuters) - A Japanese government panel warns there is "absolutely no guarantee" that domestic investors will keep financing the country's massive public debt, citing the risk of a spike in bond yields that could crimp long-term growth prospects,...

* Nigeria says to cut domestic debt over 3-5 years * Says foreign borrowing 800 bps cheaper than local debt * Targets Debt/GDP ratio of 17 pct by 2018 (Adds analyst comment, details) By Chijioke Ohuocha LAGOS, May 20 (Reuters) - Nigeria will increase...

PODGORICA (Reuters) - Montenegro should shut down the loss-making aluminum plant that is the country's biggest single industrial employer to stem a sharp rise in its public debt, the International Monetary Fund said. The partly state-owned Kombinat...

DETROIT (Reuters) - Bond restructurings, negotiated settlements with bondholders and bond insurers, and tough talk with unionized workers are on the agenda as Detroit's emergency financial manager tries to meet a self-imposed, six-week deadline to...

HONG KONG (Reuters) - In a 2010 speech before a packed ballroom of university students in Sydney, Shi Zhengrong, founder of Chinese solar-panel maker Suntech Power Holdings Co Ltd, listed the people who had been important in his rise to fame and riches....

As the stock market reaches new highs, companies are trying to get in on the action by raising money through initial public offerings of their shares. So far this year, U.S. companies — and their owners — have tapped $16.1 billion through...

The Berkeley County Building Commission advanced a bond ordinance to second reading Thursday that would allow officials to obtain up to $700,000 in financing to complete the new Hedgesville, W.Va., public library building. The bond ordinance for the...