Details of historic borrowing plans send government bond yields higher

Forbearance and federal support programmes disguise how badly Americans have been hit

State-owned oil group faces risk of further rating downgrades and grapples with output woes

The last time America sold war bonds they were essentially a tax on savers

The rich will benefit if we create sustainable demand with less household borrowing

Bondholders await government’s next move as fears of default intensify

Covid-19 and his brush with mortality present the UK prime minister with a unique chance

Industry takes another hit as GE cuts jobs, Mnuchin casts doubt on restart for US air travel

Emerging economies that have long tested investors’ patience say they need fresh help

A new data set from Silicon Valley Bank (SVB) details how startups are reacting to the post-unicorn era as COVID-19-related disruptions upset the global economy and remake the risk tolerance of private investors. What SVB’s new report shows is unsurprising: venture capital deal volumes are falling, startups are tapping existing debt capacities to add cash […]

The original owner, said to be a female beneficiary of a trust fund, is believed to have sold Chalet Helora to the Yorks in 2014 for 22m Swiss francs (£18m). They owe her £6.7m and she decided to go to court.

TV presenter Davina McCall will report live from NHS front lines in Leeds in a new ITV special. She revealed her inspiration was the care her family received during her older sister's cancer diagnosis.

Victoria Beckham has reportedly been forced to make dramatic cuts after her eponymous fashion label plunged £36million in debt.

Billionaire Mukesh Ambani has accelerated the timeframe for wiping out ₹1.61 lakh crore of net debt at his Reliance Industries by bringing in strategic investors in key businesses as well as committing more equity.Ambani, chairman and managing director of Reliance Industries Ltd (RIL), had in August last year set a target of March 2021 to make the oil-to-telecom conglomerate net debt-free. But thanks to a USD 5.7 billion (Rs 43,547 crore) deal with Facebook, a Rs 53,125 crore rights issue and more stake sale to companies such as Saudi Aramco, the target is likely to be achieved by December.In an investor and media call post announcement of the company's fourth-quarter earnings, RIL's Joint Chief Financial Officer Srikanth Venkatachari said, "The zero net debt target will be achieved within

Moody's Investors Service said India’s Baa2 negative rating is unlikely to improve given the economic shock triggered by the coronavirus outbreak.However, the report noted that the COVID-19 crisis has only exacerbated the impact of some of India’s existing evils.The $2.7 trillion economy, the seventh largest in the world, is riddled by low household income, high government debt, and weak policy reforms and implementation.Moody's Investors Service said India’s Baa2 negative rating ⁠— while cutting growth estimate for the year to 0.2% ⁠— down from our previous forecast of 2.5%. is unlikely to improve given the economic shock triggered by the coronavirus outbreak. Over the next five years, India’s government debt could be as high as 81% of the country’s gross domestic product, it said.However,

By Mfuneko ToyanaJOHANNESBURG, May 9 (Reuters) - South Africa's central bank has temporarily prohibited the use of debt issued by the Land Bank as...

States and city governments are offering millions in loans and grants to businesses affected by the coronavirus pandemic. California's IBank is offering up to $50,000 in direct loans and loan guarantees for companies with fewer than 750 employees, while Maryland is granting $100,000 to manufacturers that can quickly pivot to make personal protective equipment (PPE) and other critical needs items. Most applications are submitted online and require basic business information as well as proof of how business revenue declined due to COVID-19.This piece will be updated as new information becomes available.Click here fore more BI Prime stories.As the coronavirus pandemic continues to disrupt the lives and operations of millions of American business owners, more state and local governments are offering

A former rugby league star (pictured) has been jailed for smuggling exotic animals to pay off a $25,000 debt.  

The National Hemp Service was going to sell products such as clothes, made from a legal strain of cannabis, from a cafe in North London. But it never opened and was soon liquidated.

'It is not inevitable at this stage that the epidemic will trigger a meltdown, but if it does, the most likely transmission mechanism is a tsunami of corporate debt', says Ruth Sunderland.

The 52-year-old actor reportedly has an outstanding tax debt to the Internal Revenue Service of $4,967,376.41, according to court documents.

Alexander von Schoenburg - editor of Bilt, Germany's largest newspaper - makes an impassioned plea to EU leaders to allow Britain to exit the European Union with its head held high - it's the least Europe owes it.

The original owner, said to be a female beneficiary of a trust fund, is believed to have sold Chalet Helora to the Yorks in 2014 for 22m Swiss francs (£18m). They owe her £6.7m and she decided to go to court.

Cocaine dealers have tripled the price of their product since lockdown started in the UK, leaving many addicts desperate to kick the habit and quickly 'become hooked' again (pictured, stock photo).

Nearly a third of people in the UK have had to dip into their savings while a fifth have taken on debt, with the younger generations the worst hit, a new survey has showed.

My 22-year-old son graduated university last July and recently received his loan statement through the post. If I pay off the debt and he instead owes me the money what route could I go down?

My son has experienced no end of problems since upgrading his contract. His phone has been cut off, debt collectors have demanded money, and now he's being threatened by bailiffs.

I have received a letter from Lowell Portfolio, claiming an alleged debt of £599 which it says I owe to PayPal. But I rang PayPal and was told that in fact no money is owed on my account.

The Institute for Fiscal Studies said households are saddled with £8,000 of non-mortgage debts, totalling £230 billion across the UK. And the coronavirus pandemic means incomes are falling.

The US fashion brand's lenders will inject £322m of cash and take control of the chain at the same time as cancelling its debt. The preppy brand counts Meghan Markle among its high profile fans.

The group admitted that around 12,000 of its credit card customers, or 1.2 per cent, were already seriously in arrears by three months or more before the pandemic.

When Jeremy Corbyn and the Labour Party were proposing to go on a spending spree ahead of last December's general election there was much talk of a magic money tree.

Philip Hammond said UK output would grow faster than in most EU countries, creating half a million jobs. He vowed to spend billions to boost productivity, build homes and improve transport.

The OBR forecast a £122billion rise in UK debt, with £58.7billion blamed on Brexit. That came as it said the UK would not fall into a recession, but growth would be lower.

Amber Allen, 31, a YouTuber from Ontario, Canada, has only 30 items of clothing and lives off the land. She says lockdown should encourage everyone to be more sustainable.

Uber driver Latonya Young, 43, enrolled at Georgia State University in 2010 but had to quit classes due to a $693 hold on her account. She graduated last month due to Kevin Esch's donation.

There is something deeply sinister about cashing in on the pressures faced by young women today. I remember well the 'need' to have a new outfit for every occasion - and that was before Instagram.

Megan Mccutcheon, 25, of Alloa, Clackmannanshire, had become friends with the man in July, believing him to be wealthy and even admired how he 'cared and provided for his family'.

Excluding mortgages, personal debts hit a record total of £428billion in the third quarter of 2018 - which is 33 per cent higher than in 2008 just before the financial crisis.

For some people, it is not just overspending at Christmas that will leave them feeling short and there will be a number of debts that they will be looking to clear.

Now that February is here, most have received the first pay cheque of 2019 and those with a tight budget may be breathing a sigh of relief.

Two years ago, top balance transfer credit cards offered customers 43 months to clear their debt without paying interest. The longest deal today lasts just 29 months.

Periods of free borrowing on best-buy balance transfer cards have shortened by nearly 20 per cent in a year, according to figures compiled by data company Moneyfacts.

Yesterday the Mail reported that nine million people will start the New Year owing between £2,000 and £10,000. A further five million owe more than £10,000.

The average Briton wastes £640 a year on unwanted subscriptions. Nearly 12million of us have less than £100 in savings. Here is our wealth workout to help you reach peak financial fitness.

Mature student Tamara Gray, 29, (pictured) got into financial difficulties after spending several thousand pounds on the websites Very and Shop Direct on a buy-now, pay-in-12-months basis.

Last year 71,000 people used an IVA to become insolvent, a record. But are they being driven by firms looking to make money off debtors looking for advice, regardless of whether it's the right choice?

Nearly three quarters of women said they'd think twice about someone if they debts, compared to 69 per cent of men, according to research from comparison website Finder.

A record number of people are heading to debt charities with help over guarantor loans - including Emma, pictured, who paid back £23k after borrowing £10k from Amigo Loans.

As many as one in three people who hold subprime credit cards with interest rates as high as 70% are in problem debt, according to a new report released by the debt charity StepChange.