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" default"

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Business - Economy
5/19/2024 10:43:56 PM
Fitch Ratings has revised its outlook on four Egyptian banks to positive from stable, affirming their long-term issuer default ratings at B-, the US-based credit rating agency announced on Saturday.

Business - Economy
5/4/2024 6:47:00 PM
Fitch Ratings upgraded its outlook for Egypt's Long-Term Foreign-Currency Issuer (LFTC) to positive from stable while affirming its issuer default rating at B-, the credit rating agency announced in its report on Egypt on Friday.

Business - Economy
10/12/2023 7:26:10 PM
Zambia has signed a debt deal with its foreign lenders, the IMF's chief announced Thursday, providing financial relief to the first African nation to default after the Covid pandemic.

Business - Economy
10/4/2023 3:42:17 PM
International investors are hedging against a high risk of default on Egypt’s debt in the coming period, according to a research note released by international market data platform Refinitiv.

Business - Economy
9/25/2023 10:20:22 AM
Four months after barely avoiding a catastrophic default, the world's largest economy is once again on the verge of a major fiscal crisis.

World - Africa
6/21/2023 8:50:37 PM
Zambian President Hakainde Hichilema on Wednesday expressed confidence his government will secure a debt restructuring plan at talks with official creditors in Paris this week.

Opinion - Egypt
6/20/2023 9:28:29 PM
Egypt has the ability and willingness to honour its debt repayments.

World - International
6/3/2023 10:28:42 PM
With just two days to spare, President Joe Biden signed legislation on Saturday that lifts the nation’s debt ceiling, averting an unprecedented default on the federal government’s debt.

Business - Markets & Companies
6/1/2023 7:09:04 PM
Wall Street stocks saw a mixed opening on Thursday after US lawmakers voted to pass a deal on the debt limit, marking a crucial first step to avert a catastrophic default.

Business - Economy
6/1/2023 10:12:36 AM
Veering away from a default crisis, the House approved a debt ceiling and budget cuts package late Wednesday, as President Joe Biden and Speaker Kevin McCarthy assembled a bipartisan coalition of centrist Democrats and Republicans against fierce conservative blowback and progressive dissent.

World - International
5/31/2023 10:48:37 PM
US politicians raced to secure backing for a cross-party deal to raise the national debt limit and avert a first-ever default as they faced a growing backlash from conservatives ahead of a crucial Wednesday evening vote.

Business - Markets & Companies
5/31/2023 12:28:29 PM
Asian markets sank Wednesday on worries that hardline Republicans could vote down a crucial bill to hike the US borrowing limit and risk a catastrophic default that could hammer an already fragile global economy.

Business - Markets & Companies
5/30/2023 6:57:50 PM
Chip company Nvidia exceeded $1 trillion in market value Tuesday as Wall Street stocks mostly rose, following an agreement between President Joe Biden and Republican House Speaker Kevin McCarthy to avoid a US debt default.

Business - Economy
5/28/2023 7:22:07 PM
Marathon crisis talks that produced a tentative deal to prevent a cataclysmic US debt default may yet prove the easy part of a process that turned Sunday to the fraught challenge of securing congressional approval.

Business - Economy
5/28/2023 10:04:21 AM
President Joe Biden and House Speaker Kevin McCarthy have reached an agreement in principle on legislation to increase the nation’s borrowing authority and avoid a default.

World - International
5/28/2023 9:45:25 AM
President Joe Biden and Republican leader Kevin McCarthy announced a deal late Saturday to raise the debt ceiling, dragging the United States back from the precipice of default with only a few days to spare.

Business - Economy
5/27/2023 8:07:20 PM
Democrats and Republicans seemed within grasping distance Saturday of a deal to end the US debt ceiling standoff, with both sides playing hardball in the final race for an agreement to avert a potentially catastrophic default.

World - International
5/27/2023 11:50:33 AM
President Joe Biden said a deal to resolve the government's debt ceiling crisis seemed “very close” late Friday, even as the deadline for a potentially catastrophic default was pushed back to June 5 and seemed likely to drag negotiations between the White House and Republicans into another frustrating week.

World - International
5/25/2023 10:52:33 PM
President Joe Biden declared Thursday the United States would avoid a disastrous credit default even as lawmakers went on a 10-day break without a deal on raising the nation's borrowing limit to keep paying the bills.

Business - Markets & Companies
5/25/2023 11:45:32 AM
Most Asian equities sank Thursday on fears of a US default as the struggle to hammer out a debt deal led Fitch to warn the country's gold-plated credit rating was at risk.

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