Latest Debt and bond markets News

Markets Right Now: Stocks end holiday-shortened week higher

Apr. 18, 2019 4:15 PM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. Major U.S. indexes managed small gains on Wall Street but not enough to prevent a losing week for the S&P 500 following three weeks of gains. Industrial companies rose Thursday as traders welcomed solid earnings...

Lebanon's PM vows strict austerity reforms to avoid crash

Apr. 17, 2019 11:55 AM EDT

BEIRUT (AP) — Prime Minister Saad Hariri warned Wednesday that Lebanon is heading toward an economic "catastrophe" unless the government implements strict austerity measures to reduce a ballooning budget deficit and massive national debt. The stark warning came shortly after parliament passed amendments...

Malaysia revives China-backed rail link, cost cut by a third

Apr. 12, 2019 5:17 AM EDT

KUALA LUMPUR, Malaysia (AP) — Malaysia's government said Friday it has decided to resume a China-backed rail link project, after the Chinese contractor agreed to cut the construction cost by one-third. The deal follows months of vacillating over the East Coast Rail Link, which connects Malaysia's west...

Western banks help Saudis raise $12 billion in bonds

Apr. 10, 2019 12:54 PM EDT

LONDON (AP) — Saud Arabian state-controlled oil company Aramco - the most profitable in the world - has raised $12 billion in a bond issue that shows Western investors are keen to do business with the kingdom despite global outrage over last year's killing of a dissident journalist. Bonds from Saudi Aramco...

In a first for NH, town pays to get fiber broadband for all

Apr. 9, 2019 10:15 AM EDT

CHESTERFIELD, N.H. (AP) — Since the days when 1,200 baud modems were called "fast," New Hampshire has been lamenting how hard it is to get good online service outside of cities. Chesterfield, a small town on the Connecticut River west of Keene, might have found the way to finally make it happen....

Greece's bailout lenders approve big debt relief payout

Apr. 5, 2019 8:35 AM EDT

ATHENS, Greece (AP) — Greece's bailout creditors on Friday backed a payout worth more than $1 billion as part of a debt-relief package that is contingent on the government enacting a series of reforms. Mario Centeno, who heads the grouping of the eurozone's 19 finance ministers, told reporters after a...

US mortgage rates move little after big drop; 30-year 4.08%

Apr. 4, 2019 1:05 PM EDT

WASHINGTON (AP) — U.S. long-term mortgage rates moved little this week after the key 30-year loan rate marked its steepest weekly drop in a decade the week before. Mortgage buyer Freddie Mac said Thursday the average rate on the 30-year, fixed-rate mortgage ticked up to 4.08% from 4.06% — which had...

Markets Right Now: US indexes hold on to moderate gains

Apr. 3, 2019 4:11 PM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. A late stumble took away much of the gains from an early rally but major U.S. indexes still ended slightly higher on Wall Street. Another drop in Boeing Wednesday held back the Dow Jones Industrial Average, but the...

Markets Right Now: Stock waver to a mixed close

Apr. 2, 2019 4:17 PM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. Stocks shook off an early slump and wound up little changed on Wall Street as gains for some big tech companies were offset by losses in other sectors. The S&P 500 index eked out a tiny gain Tuesday, extending a...

Lamont plans to skip some meetings to issue state bonds

Apr. 2, 2019 3:03 PM EDT

HARTFORD, Conn. (AP) — Connecticut Gov. Ned Lamont says he plans to limit the number of State Bond Commission meetings as part of his "debt diet," an effort to reduce state borrowing. The Democrat presided Tuesday over his first meeting since becoming governor. His agenda included less than half the number...