Sentences with phrase «currency debt this year»

Not exact matches

And while most emerging market debt continues to be issued in local currencies, the IIF said that foreign currency denominated debt issued in these nations swelled by $ 800 billion last year to a record high of $ 8.3 trillion.

The unit in Ghana has declared losses over the last three years and has uncollectible trade debts due to tough economic conditions and a currency devaluation in the cocoa - rich country.

Mining services group Ausdrill has refinanced its debts, announcing today it had signed a new three - year, $ 550 million dual currency facility with a syndicate of banks.

Capital outflows lead to a weaker currency, which concerns the hordes of Chinese companies that borrowed debt in foreign currencies over the past few years and now have to pay it back with a weaker yuan.

Earnings before interest, taxes and one - time items rose 20 % to 4.13 billion kroner ($ 652 million), beating estimates of 3.82 billion kroner Sales rose 2 % on a basis that excludes currency and acquisition effects, compared with analysts projections for growth of 3.2 % Debt reduced by 14 % to 21.9 billion kroner Carlsberg reduced its full - year forecast for gains from currency shifts to 50 million kroner from 300 million kroner.

«We are beginning to see some deterioration in the credit quality of oil and gas loans to borrowers that used high volumes of debt to finance their growth over the past several years,» Grant Wilson, director of commercial credit for the Office of the Comptroller of the Currency, a banking regulator, told Bloomberg in an interview.

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.

Indeed, the stock of local currency government debt securities outstanding for a representative sample of Asian markets has increased five-fold over the past 15 years (it's hard to go back much further).

China is obviously interested in supporting its currency, and since it sold off quite a lot of U.S. Treasuries in the past year — Japan is now the top holder of U.S. government debt — it will likely need to substantially build up its gold reserves.

Since 2001 the silver and gold markets have gone up substantially as a reaction to the 20 year precious metals bear market from 1980 — 2000, massive increases in military spending, weakening global economies that REQUIRE Quantitative Easing to avoid deflation, the rise of competing currencies that weaken the dollar's trading status, excessive debts in Europe, Japan, the United Kingdom, and the United States, and so much more.

But it will be, and this defrocking may occur in as short a period as five to 10 years... If the dollar loses status as the world's most reliable currency, the United States will lose the right to print money to pay its debt.

S. 2 - year spread, Kuroda, Paul Tudor Jones, QE, Swiss / yen, U.S. 2/10 curve Posted in BOC, BoJ, Currency, Debt Market, Fed 5 Comments»

Emerging Markets Local Income Fund (EEIIX) 5 Years Out of 14 Emerging Markets Local Currency Debt Funds

But even if the ECB does bend to the will of the bond markets this year, and begins to buy sovereign debt directly, the single currency is left with all of the same weaknesses that existed prior to the crisis: the inability to tailor interest rate policy for each individual economy, the lack of foreign currency adjustment needed to offset differences in competitiveness, and growth - limiting trade dynamics throughout the area.

For years, individuals and investors that were concerned with debt, deficits and a weak dollar turned to gold as the ultimate safe haven, but now bitcoin is starting to become the alternative currency.

Local currency debt in Asia totaled $ 441 billion in 2012, down 2 % from the record set in the previous year.

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.

But to the extent that it ignores the finger Lincoln points at the Civil War — to the extent that it forgets the decimation of a generation of young Americans at the beginnings of manhood; to the extent that it forgets the windrows of corpses at Shiloh, the odor of death in the Wilderness, the walking skeletons of Andersonville, 623,000 dead all told, not to mention the interminable list of those crippled, orphaned, and widowed whose pensions became the single largest bill paid by the federal government for the following half - century; to the extent that it ignores how the war cost the United States $ 6.6 billion, rocketed the national debt from $ 65 million to $ 2.7 billion, retarded commodity growth for the next thirty years, and devalued its currency — then the call for reparations opens itself up to a charge of willful forgetfulness so massive that resentment, anger, and bitterness, rather than justice, will (I fear) be its real legacy.

Today we read in the press that the true problems in Spain are the uncontrolled spending of its «autonomous regions» like Valencia or Catalonia, unsustainable levels of private debt, which could impose significant pressure toward deleveraging over the coming years, and the structural lack of competitiveness of an economy that lacks the ability to devaluate its own currency.

Already Buhari has started giving excuses for the abysmal performance.He attributed the quagmire to drop in the price of oil globally and cleverly laid the blame on the doorsteps of all Nigerian accusing them of relying solely on oil.All renowned rating agencies including fitch continue to downgrade Nigeria ever since Buhari took over and it is projected that Nigeria will not be able to repay its debt obligations.Fitch for instance downgraded Nigeria's longterm foreign currency issuer default rating to B + from BB - and longterm local currency IDR to BB - from BB.The general position expressed by almost all the Briton wood institutions is that Nigeria's fiscal and external vulnerability has worsened under Buhari and it is projected that the government's general fiscal deficit could grow up to 4.2 % by the end of 2016 after averaging 1.5 % under the previous regime.A recent capital importation report by Nigeria Bureau of Statistics confirms that, last year, the country recorded total inflow of capital into the economy stood at $ 9.6 billion which was a 53 % drop from previous year and the lowest recorded total since 2011.

«Scandals and perceived corruption in governance and the society generally, socio - economic hardships such as unstable currency, unstable power supplies — undermining both industrial and domestic ventures — executive bureaucratic delays in the public sector, especially at the ports, many industrial actions, protest demonstrations throughout the economy, sudden and high tariff increases for utilities, and ever - bloating national debt stock, have hall - marked the out - going year,» he observed.

6 Moreover, 15 years ago only a handful of countries were in a position to issue local currency debt, and their average credit rating was BBB +.

Emerging Markets Local Income Fund (EEIIX) 5 Years Out of 14 Emerging Markets Local Currency Debt Funds

Emerging Markets Debt Opportunities Fund (EELDX) 3 Years Out of 18 Emerging Markets Local Currency Debt Funds

Preparing for a huge debt / currency crisis demands a different portfolio: quality stocks, some debt - free real estate, and yes, some physical gold (though I do agree that it would have been better to buy a few years ago).

The WGBI is a widely used benchmark that currently comprises sovereign debt from over 20 countries, denominated in a variety of currencies, and has more than 25 years of history available.