As the foreign debts increase there is pressure of the IMF / WB to cut economic and social subsidies for balancing the budget.
Not exact matches
Important factors that could cause actual results to differ materially from those reflected in such forward - looking statements and that should be considered in evaluating our outlook include, but are not limited to, the following: 1) our ability to continue to grow our business and execute our growth strategy, including the timing, execution, and profitability of new and maturing programs; 2) our ability to perform our obligations under our new and maturing commercial, business aircraft, and military development programs, and the related recurring production; 3) our ability to accurately estimate and manage performance, cost, and revenue under our contracts, including our ability to achieve certain cost reductions with respect to the B787 program; 4) margin pressures and the potential for additional forward losses on new and maturing programs; 5) our ability to accommodate, and the cost of accommodating, announced increases in the build rates of certain aircraft; 6) the effect on aircraft demand and build rates of changing customer preferences for business aircraft, including the effect of global economic conditions on the business aircraft market and expanding conflicts or political unrest in the Middle East or Asia; 7) customer cancellations or deferrals
as a result of global economic uncertainty or otherwise; 8) the effect of economic conditions in the industries and markets in which we operate in the U.S. and globally and any changes therein, including fluctuations in
foreign currency exchange rates; 9) the success and timely execution of key milestones such as the receipt of necessary regulatory approvals, including our ability to obtain in a timely fashion any required regulatory or other third party approvals for the consummation of our announced acquisition of Asco, and customer adherence to their announced schedules; 10) our ability to successfully negotiate, or re-negotiate, future pricing under our supply agreements with Boeing and our other customers; 11) our ability to enter into profitable supply arrangements with additional customers; 12) the ability of all parties to satisfy their performance requirements under existing supply contracts with our two major customers, Boeing and Airbus, and other customers, and the risk of nonpayment by such customers; 13) any adverse impact on Boeing's and Airbus» production of aircraft resulting from cancellations, deferrals, or reduced orders by their customers or from labor disputes, domestic or international hostilities, or acts of terrorism; 14) any adverse impact on the demand for air travel or our operations from the outbreak of diseases or epidemic or pandemic outbreaks; 15) our ability to avoid or recover from cyber-based or other security attacks, information technology failures, or other disruptions; 16) returns on pension plan assets and the impact of future discount rate changes on pension obligations; 17) our ability to borrow additional funds or refinance debt, including our ability to obtain the debt to finance the purchase price for our announced acquisition of Asco on favorable terms or at all; 18) competition from commercial aerospace original equipment manufacturers and other aerostructures suppliers; 19) the effect of governmental laws, such as U.S. export control laws and U.S. and foreign anti-bribery laws such as the Foreign Corrupt Practices Act and the United Kingdom Bribery Act, and environmental laws and agency regulations, both in the U.S. and abroad; 20) the effect of changes in tax law, such as the effect of The Tax Cuts and Jobs Act (the «TCJA») that was enacted on December 22, 2017, and changes to the interpretations of or guidance related thereto, and the Company's ability to accurately calculate and estimate the effect of such changes; 21) any reduction in our credit ratings; 22) our dependence on our suppliers, as well as the cost and availability of raw materials and purchased components; 23) our ability to recruit and retain a critical mass of highly - skilled employees and our relationships with the unions representing many of our employees; 24) spending by the U.S. and other governments on defense; 25) the possibility that our cash flows and our credit facility may not be adequate for our additional capital needs or for payment of interest on, and principal of, our indebtedness; 26) our exposure under our revolving credit facility to higher interest payments should interest rates increase substantially; 27) the effectiveness of any interest rate hedging programs; 28) the effectiveness of our internal control over financial reporting; 29) the outcome or impact of ongoing or future litigation, claims, and regulatory actions; 30) exposure to potential product liability and warranty claims; 31) our ability to effectively assess, manage and integrate acquisitions that we pursue, including our ability to successfully integrate the Asco business and generate synergies and other cost savings; 32) our ability to consummate our announced acquisition of Asco in a timely matter while avoiding any unexpected costs, charges, expenses, adverse changes to business relationships and other business disruptions for ourselves and Asco as a result of the acquisition; 33) our ability to continue selling certain receivables through our supplier financing program; 34) the risks of doing business internationally, including fluctuations in foreign current exchange rates, impositions of tariffs or embargoes, compliance with foreign laws, and domestic and foreign government policies; and 35) our ability to complete the proposed accelerated stock repurchase plan, among other
foreign currency exchange rates; 9) the success and timely execution of key milestones such
as the receipt of necessary regulatory approvals, including our ability to obtain in a timely fashion any required regulatory or other third party approvals for the consummation of our announced acquisition of Asco, and customer adherence to their announced schedules; 10) our ability to successfully negotiate, or re-negotiate, future pricing under our supply agreements with Boeing and our other customers; 11) our ability to enter into profitable supply arrangements with additional customers; 12) the ability of all parties to satisfy their performance requirements under existing supply contracts with our two major customers, Boeing and Airbus, and other customers, and the risk of nonpayment by such customers; 13) any adverse impact on Boeing's and Airbus» production of aircraft resulting from cancellations, deferrals, or reduced orders by their customers or from labor disputes, domestic or international hostilities, or acts of terrorism; 14) any adverse impact on the demand for air travel or our operations from the outbreak of diseases or epidemic or pandemic outbreaks; 15) our ability to avoid or recover from cyber-based or other security attacks, information technology failures, or other disruptions; 16) returns on pension plan assets and the impact of future discount rate changes on pension obligations; 17) our ability to borrow additional funds or refinance
debt, including our ability to obtain the
debt to finance the purchase price for our announced acquisition of Asco on favorable terms or at all; 18) competition from commercial aerospace original equipment manufacturers and other aerostructures suppliers; 19) the effect of governmental laws, such
as U.S. export control laws and U.S. and
foreign anti-bribery laws such as the Foreign Corrupt Practices Act and the United Kingdom Bribery Act, and environmental laws and agency regulations, both in the U.S. and abroad; 20) the effect of changes in tax law, such as the effect of The Tax Cuts and Jobs Act (the «TCJA») that was enacted on December 22, 2017, and changes to the interpretations of or guidance related thereto, and the Company's ability to accurately calculate and estimate the effect of such changes; 21) any reduction in our credit ratings; 22) our dependence on our suppliers, as well as the cost and availability of raw materials and purchased components; 23) our ability to recruit and retain a critical mass of highly - skilled employees and our relationships with the unions representing many of our employees; 24) spending by the U.S. and other governments on defense; 25) the possibility that our cash flows and our credit facility may not be adequate for our additional capital needs or for payment of interest on, and principal of, our indebtedness; 26) our exposure under our revolving credit facility to higher interest payments should interest rates increase substantially; 27) the effectiveness of any interest rate hedging programs; 28) the effectiveness of our internal control over financial reporting; 29) the outcome or impact of ongoing or future litigation, claims, and regulatory actions; 30) exposure to potential product liability and warranty claims; 31) our ability to effectively assess, manage and integrate acquisitions that we pursue, including our ability to successfully integrate the Asco business and generate synergies and other cost savings; 32) our ability to consummate our announced acquisition of Asco in a timely matter while avoiding any unexpected costs, charges, expenses, adverse changes to business relationships and other business disruptions for ourselves and Asco as a result of the acquisition; 33) our ability to continue selling certain receivables through our supplier financing program; 34) the risks of doing business internationally, including fluctuations in foreign current exchange rates, impositions of tariffs or embargoes, compliance with foreign laws, and domestic and foreign government policies; and 35) our ability to complete the proposed accelerated stock repurchase plan, among other
foreign anti-bribery laws such
as the
Foreign Corrupt Practices Act and the United Kingdom Bribery Act, and environmental laws and agency regulations, both in the U.S. and abroad; 20) the effect of changes in tax law, such as the effect of The Tax Cuts and Jobs Act (the «TCJA») that was enacted on December 22, 2017, and changes to the interpretations of or guidance related thereto, and the Company's ability to accurately calculate and estimate the effect of such changes; 21) any reduction in our credit ratings; 22) our dependence on our suppliers, as well as the cost and availability of raw materials and purchased components; 23) our ability to recruit and retain a critical mass of highly - skilled employees and our relationships with the unions representing many of our employees; 24) spending by the U.S. and other governments on defense; 25) the possibility that our cash flows and our credit facility may not be adequate for our additional capital needs or for payment of interest on, and principal of, our indebtedness; 26) our exposure under our revolving credit facility to higher interest payments should interest rates increase substantially; 27) the effectiveness of any interest rate hedging programs; 28) the effectiveness of our internal control over financial reporting; 29) the outcome or impact of ongoing or future litigation, claims, and regulatory actions; 30) exposure to potential product liability and warranty claims; 31) our ability to effectively assess, manage and integrate acquisitions that we pursue, including our ability to successfully integrate the Asco business and generate synergies and other cost savings; 32) our ability to consummate our announced acquisition of Asco in a timely matter while avoiding any unexpected costs, charges, expenses, adverse changes to business relationships and other business disruptions for ourselves and Asco as a result of the acquisition; 33) our ability to continue selling certain receivables through our supplier financing program; 34) the risks of doing business internationally, including fluctuations in foreign current exchange rates, impositions of tariffs or embargoes, compliance with foreign laws, and domestic and foreign government policies; and 35) our ability to complete the proposed accelerated stock repurchase plan, among other
Foreign Corrupt Practices Act and the United Kingdom Bribery Act, and environmental laws and agency regulations, both in the U.S. and abroad; 20) the effect of changes in tax law, such
as the effect of The Tax Cuts and Jobs Act (the «TCJA») that was enacted on December 22, 2017, and changes to the interpretations of or guidance related thereto, and the Company's ability to accurately calculate and estimate the effect of such changes; 21) any reduction in our credit ratings; 22) our dependence on our suppliers,
as well
as the cost and availability of raw materials and purchased components; 23) our ability to recruit and retain a critical mass of highly - skilled employees and our relationships with the unions representing many of our employees; 24) spending by the U.S. and other governments on defense; 25) the possibility that our cash flows and our credit facility may not be adequate for our additional capital needs or for payment of interest on, and principal of, our indebtedness; 26) our exposure under our revolving credit facility to higher interest payments should interest rates increase substantially; 27) the effectiveness of any interest rate hedging programs; 28) the effectiveness of our internal control over financial reporting; 29) the outcome or impact of ongoing or future litigation, claims, and regulatory actions; 30) exposure to potential product liability and warranty claims; 31) our ability to effectively assess, manage and integrate acquisitions that we pursue, including our ability to successfully integrate the Asco business and generate synergies and other cost savings; 32) our ability to consummate our announced acquisition of Asco in a timely matter while avoiding any unexpected costs, charges, expenses, adverse changes to business relationships and other business disruptions for ourselves and Asco
as a result of the acquisition; 33) our ability to continue selling certain receivables through our supplier financing program; 34) the risks of doing business internationally, including fluctuations in
foreign current exchange rates, impositions of tariffs or embargoes, compliance with foreign laws, and domestic and foreign government policies; and 35) our ability to complete the proposed accelerated stock repurchase plan, among other
foreign current exchange rates, impositions of tariffs or embargoes, compliance with
foreign laws, and domestic and foreign government policies; and 35) our ability to complete the proposed accelerated stock repurchase plan, among other
foreign laws, and domestic and
foreign government policies; and 35) our ability to complete the proposed accelerated stock repurchase plan, among other
foreign government policies; and 35) our ability to complete the proposed accelerated stock repurchase plan, among other things.
A reserve currency is a
foreign currency held by central banks and other major financial institutions
as a means to pay off international
debt obligations.
(2) Adjusted to eliminate SBC expense (
as adjusted for the income tax reduction attributable to SBC expense), expense related to contingent compensation,
foreign exchange losses
as adjusted for the reduction in income tax attributable to the losses, losses from repurchases of convertible
debt (
as adjusted for the related decrease in income tax), amortization of
debt discount (
as adjusted for the related reduction in income tax).
One obvious reason is that if a country is at war, especially a civil war that's bombing its export sector
as Ukraine is doing, how can it obtain the
foreign exchange to pay its
foreign debt?
The rouble has weakened some 30 percent versus the dollar this year,
as Western sanctions over the Ukraine crisis have made it harder for banks and companies to refinance
foreign currency
debts and
as tumbling oil prices have hurt government revenue.
Unhedged
foreign currency
debt,
as was prominent in 1997, means that a fall in the currency pushes up
debt servicing costs for the government, local corporates and banks, but a rise in interest rates to assist the exchange rate has the same adverse effect.
But
as most
debts are denominated in euros — and owed mainly to
foreign banks or their local branches — devaluation would cause a sharp jump in
debt service, causing even more defaults and negative equity in real estate.
Toward debtor countries American diplomats work through the World Bank and IMF to demand that debtors raise their interest rates and impose taxes and austerity programs to keep their wages low, sell off their public domain to pay their
foreign debts, and deregulate their economy so
as to enable
foreign investors to privatize local electricity, telephone services and other infrastructure formerly provided at subsidized rates to help these economies grow.
But in the 1920s the Allies imposed an unpayably high reparations burden on Germany — largely to obtain the
foreign exchange to pay the Inter-Ally arms
debts that the U.S. Government insisted on collecting, rather than forgiving these
debts as allies traditionally had done among themselves upon achieving victory.
Insolvent homeowners in Europe face a lifetime of literal
debt peonage to make the banks (even
foreign banks, which dominate Central Europe's post-Soviet economies) whole on their bad
debts as the continent's real estate prices are plunging even more steeply than those in the United States — some 70 percent in Iceland and Latvia.
As do foreign investors in local currency debt that want exposure to domestic credit and interest rates, but not exchange rates, as well as other non-residents who are willing and able to take on exchange rate ris
As do
foreign investors in local currency
debt that want exposure to domestic credit and interest rates, but not exchange rates,
as well as other non-residents who are willing and able to take on exchange rate ris
as well
as other non-residents who are willing and able to take on exchange rate ris
as other non-residents who are willing and able to take on exchange rate risk.
The astonishing ability of the China bulls, both
foreign and Chinese, to celebrate every unexpected decline in growth and every new surge in
debt as if they somehow justified nearly a decade's worth of denials of the urgency of China's rebalancing has done so much damage to China that the sooner Beijing's leaders finally turn against the bulls,
as I believe they might finally have done, the better for the Chinese people and the Chinese economy.
To some extent, these concerns are allayed by the existence of natural hedges, such
as foreign currency export income, although rising US dollar - denominated
debt servicing costs at a time of falling US dollar - denominated commodity revenues would obviously be problematic.
The ruble's exchange rate has fallen
as more rubles are thrown onto currency markets to obtain the dollars needed to pay interest and
debt service on
foreign loans (and to sustain capital flight in the absence of controls).
While
foreign interest in the loonie bodes well for Canadians who shop south of the border, it will also jolt Canada's fixed - income markets
as reserve managers buy liquid
debt securities with the Canadian dollars they own.
But
as most
debts are denominated in euros — and owed mainly to
foreign banks or their local branches — devaluation would cause a sharp jump in...
When market conditions favor wider diversification in the view of Hussman Strategic Advisors, Inc., the Fund's investment manager, the Fund may invest up to 30 % of its net assets in securities outside of the U.S. fixed - income market, such
as utility and other energy - related stocks, precious metals and mining stocks, shares of real estate investment trusts («REITs»), shares of exchange - traded funds («ETFs») and other similar instruments, and
foreign government
debt securities, including
debt issued by governments of emerging market countries.
That is why German reparations and Inter-Ally
debts were written down after World War I. Greece's
foreign debt is what is known
as an «odious
debt,» taken on by fraud to finance capital flight by Greece's One Percent.
For example, from: 1) the replenishment of
foreign exchange buffers large enough to protect the economy against a protracted shock; 2) a significant reduction in government
debt metrics; 3) a successful diversification of the economy and government revenues that will become less dependent on oil receipts; 4) continued improvements in governance and institutional strength which act
as long — term constraints on Angola's rating.
Investors holding this
debt include US citizens, state and local governments, the Federal Reserve, domestic private investors such
as banks, and international investors such
as foreign nations.
Making matters worse is the government's management of the crisis; over the past year, it has persisted in upholding its
debt payments, but has now hit a brick wall
as its
foreign reserves have dwindled to US$ 9 billion.
As a condition for resuming
debt service
foreign to
foreign creditors, Russia is in a favorable position to bargain.
Then,
as the Australian Government reduced the stock of outstanding government
debt, the Bank increasingly used
foreign exchange swaps to manage domestic liquidity, and since 2004, we have also used repos in bank bills.
The fact that the domestic private sector also had some
foreign loan assets (
as taken into account in net
debt measures) would be of little assistance in such a currency crisis.
The
foreign debt situation is not
as threatening now
as the most pessimistic people in the mid-eighties feared.
Data
as at March 2017; 2002 rating (long - term
foreign debt)
as at the beginning of 2002.
The Federal Reserve Bank of New York may ask
foreign lenders for more detailed daily reports on liquidity
as the U.S. steps up monitoring of risks from Europe's sovereign
debt crisis, according to two people with knowledge of the matter.
Capital Markets Corporate
Debt As Russian companies strive to cope with higher borrowing costs and a shortage of dollars and euros to repay foreign debt, emerging markets bonds are coming under increasing scrutiny by invest
Debt As Russian companies strive to cope with higher borrowing costs and a shortage of dollars and euros to repay
foreign debt, emerging markets bonds are coming under increasing scrutiny by invest
debt, emerging markets bonds are coming under increasing scrutiny by investors.
Examples of these risks, uncertainties and other factors include, but are not limited to the impact of: adverse general economic and related factors, such
as fluctuating or increasing levels of unemployment, underemployment and the volatility of fuel prices, declines in the securities and real estate markets, and perceptions of these conditions that decrease the level of disposable income of consumers or consumer confidence; adverse events impacting the security of travel, such
as terrorist acts, armed conflict and threats thereof, acts of piracy, and other international events; the risks and increased costs associated with operating internationally; our expansion into and investments in new markets; breaches in data security or other disturbances to our information technology and other networks; the spread of epidemics and viral outbreaks; adverse incidents involving cruise ships; changes in fuel prices and / or other cruise operating costs; any impairment of our tradenames or goodwill; our hedging strategies; our inability to obtain adequate insurance coverage; our substantial indebtedness, including the ability to raise additional capital to fund our operations, and to generate the necessary amount of cash to service our existing
debt; restrictions in the agreements governing our indebtedness that limit our flexibility in operating our business; the significant portion of our assets pledged
as collateral under our existing
debt agreements and the ability of our creditors to accelerate the repayment of our indebtedness; volatility and disruptions in the global credit and financial markets, which may adversely affect our ability to borrow and could increase our counterparty credit risks, including those under our credit facilities, derivatives, contingent obligations, insurance contracts and new ship progress payment guarantees; fluctuations in
foreign currency exchange rates; overcapacity in key markets or globally; our inability to recruit or retain qualified personnel or the loss of key personnel; future changes relating to how external distribution channels sell and market our cruises; our reliance on third parties to provide hotel management services to certain ships and certain other services; delays in our shipbuilding program and ship repairs, maintenance and refurbishments; future increases in the price of, or major changes or reduction in, commercial airline services; seasonal variations in passenger fare rates and occupancy levels at different times of the year; our ability to keep pace with developments in technology; amendments to our collective bargaining agreements for crew members and other employee relation issues; the continued availability of attractive port destinations; pending or threatened litigation, investigations and enforcement actions; changes involving the tax and environmental regulatory regimes in which we operate; and other factors set forth under «Risk Factors» in our most recently filed Annual Report on Form 10 - K and subsequent filings by the Company with the Securities and Exchange Commission.
c. And
as for your male and female slaves whom you may have; from the nations that are around you, from them you may buy male and female slaves:
Foreign slaves among the Jews did not have the same rights
as Hebrew slaves sold into servitude because of
debt; they could be held
as slaves for life, though they had to be treated humanely (Exodus 20:8 - 11; 21:20 - 21).
As author Penny Lernoux has noted: «When the Alliance for Progress was finally buried at the end of the 1960s, about the only thing that the Latin American countries had to show for it was an enormous
foreign debt: 19.3 billion dollars compared to 8.8 billion in 1961 when the program was launched» (Cry of the People [Doubleday], p. 211).
The days and weeks of commemoration organized at the secular level by bodies such
as the United Nations Organization and its related agencies can help orient the eucharistic communities also to issues such
as children's rights, women's emancipation, the aged,
foreign debt, peace, environment, food, employment, AIDS, drugs, crime, cancer... etc..
People need to be empowered by activities such
as building local capital through savings, promotion of organic agriculture, agro-industries, appropriate technology, cooperative enterprises, local trading,
foreign debt renunciation or cancellation.
«
As of May 2011 the largest single holder of U.S. government
debt was China, with 26 percent of all
foreign - held U.S. Treasury securities (8 % of total US public
debt).»
What wasn't known at the time was the rise in clubs such
as Chelsea, Man city, PSG, Monaco and others who use
foreign investors and crippling
debt to buy success.
Motherhood registered
as a
foreign event, something that happened to other, more grown - up, women: women who owned houses, who had zero student loan
debt, who talked about baby fever.
Japan is nearly
as a large a creditor to the United States
as China, each owning about 1 / 6th of the US
debt that is held by
foreign countries.
Debt held by the public, such
as Treasury securities held by investors outside the federal government, including that held by individuals, corporations, the Federal Reserve System and
foreign, state and local governments.
«
As at December 31 2017 Nigeria's
debts to
foreign creditors stood at US$ 18.91 billion out of which Federal government accounts for 78.27 percent.
The police repression directed towards senator Sani increased when he
as the chairman of the senate committee on local and
foreign debts, successfully spoke against permitting the World Bank to grant multimillion dollars loan to the Kaduna state government.
The
Debt Management Office had in its latest statistics ranked Edo
as the third highest debtor to
foreign creditors among sub-national governments in Nigeria.
Policies imposed by the International Monetary Fund, whose loans most nations seek
as a last resort, are designed to accumulate
foreign exchange with which to repay
debt.
All three systems — multinomial logit regression, dynamic signal extraction and the University's refined binary logit model — use the technique of logistic regression to analyse various indicators, such
as a country's exposure to
debt,
foreign trade, domestic growth and government expenditure.
Bonds include categories such
as corporate
debt, municipal bonds, structured securities, U.S. government bonds and
foreign government bonds.
And lower deficits do allow for greater savings after all: total
foreign reserves
as a percent of external
debt has more than tripled, with the average country holding close to one unit of
foreign reserves for every unit of externally issued
debt.8 And a major concern, sticky current account deficits, continues to pose problems for some countries, but the average deficit has shrunk.
There's chapter 11, which businesses and wealthy folks use to reorganize
debts and stay afloat, and there's chapter 13, which lets the debtor keep their property
as they repay what they owe, not to mention other chapters for fishermen and
foreign debts.
These funds might hold some U.S. bonds in their portfolios, but they focus primarily on
foreign government
debt, such
as bonds issued by European and Asian countries.
If a Canadian company issues
debt securities in another country, denominated in that
foreign country's currency, the bond is known
as a
foreign bond.
A Canadian
debt security issued in Canada but pays interest and principle in a
foreign currency is known
as a
foreign pay bond.