Debt Market

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...

TOKYO (AP) — Japan's economy grew by a stronger-than-expected 3.5 percent in annual terms last quarter, giving Prime Minister Shinzo Abe a boost as his government tackles reforms needed to ensure a sustained recovery from two decades of malaise....

Northeast Utilities is borrowing $750 million in order to pay down other senior debt obligations as well as some of the company's more than $1 billion in short-term debt, according to filings with the Securities and Exchange Commission. After...

TOKYO (Reuters) - A three-day rout in the bond market has raised concerns that the Bank of Japan is getting more than it bargained for, by prodding investors to shift money out of the safety of government bonds faster than the government expected. As...

WASHINGTON — The federal deficit is shrinking more quickly than expected, and the government's long-term debt has largely stabilized for the next decade, the Congressional Budget Office said Tuesday in a report that could strengthen the Obama...

Residents vote today on an $81.76 million budget that town officials have proposed for the upcoming fiscal year. Voting is at the Avon Senior Center, at 635 West Avon Road, and the deadline to do so is 8 p.m. The budget represents a $3 million...

ACCRA (Reuters) - Ghana plans a Eurobond worth up to $1 billion to refinance debt and fund infrastructure projects, its vice president said, adding to the list of developing countries tapping yield-hungry investors to bolster their economies. "We are...

MADRID/LONDON, May 14 (Reuters/IFR) - Spain's government and some of its top firms tapped into rising interest among domestic and foreign investors for bonds from weaker euro zone economies on Tuesday, issuing bumper levels of debt at sharply lower rates....

(Reuters) - Detroit is clearly insolvent and could face a possible bankruptcy if talks with labor unions and creditors do not make substantial progress on easing the city's cash crunch, the city's emergency financial manager said on Monday. In his...

* U.S. appeals court ruling expected in coming weeks * Argentina could take its case to the Supreme Court * Market is prepared for a technical default By Hilary Burke BUENOS AIRES, May 13 (Reuters) - When Argentina defaulted on its debt in 2002, the...

By Nick Carey and Steve Neavling DETROIT, May 12 (Reuters) - Six weeks into his work as Detroit's emergency manager, former bankruptcy lawyer Kevyn Orr has found the city's finances in worse shape than expected, with long-term debt at $15 billion, $2...

ATHENS (Reuters) - Greece has hopes of returning to bond markets around the end of 2014, its finance minister said on Thursday after its bond yields dropped to their lowest levels since last year's debt restructuring. Greek 10-year bond yields dropped...