Sentences with phrase «year debt on»

It will auction $ 29 billion of seven - year debt on Thursday.

Not exact matches

DAKAR, April 24 - Congo's state miner Gecamines is starting legal proceedings to dissolve its Kamoto copper and cobalt joint venture with a subsidiary of Glencore, blaming the commodities giant for high debts that have weighed on the mine for more than 10 years.

The miner, under the leadership of Executive Chairman John Thornton, has focused for the past three years on reducing debt by more than 50 percent from the more than $ 13 billion it hit at the end of 2014 due to overpriced acquisitions and mine development, including Pascua - Lama.

That figure is expected to grow by $ 31 billion by 2015 - 16, handing the Progressive Conservatives ammunition in their assault on the Liberals, who've doubled the province's debt since they took office nine years ago.

But in recent years, as the Bank of Canada held interest rates to historically low levels and consumer debt skyrocketed, the federal government tightened mortgage restrictions on regulated financial institutions, including HCG.

According to the Institute of International Finance (IIF), global debt levels rose by a further $ 21 trillion last year (US dollars), leaving total outstanding debt at $ US237 trillion, the highest level on record.

Interest on the debt, at 9 % of annual budget spending, is now nearly half of what the province spends on each year on education and more than one - fifth of what's spent on healthcare.

The government already spends about $ 12 - billion each year to pay interest on its debt, about 8 per cent of revenue.

Canadians ignored warnings from policymakers about piling on debt for years because low interest rates were too enticing.

The recent fiscal legislation caused negative, structural changes on both the spending and revenue fronts — making the task of keeping the debt in check much harder than it would have been even a year ago.

Between 2008 and 2012, the federal government implemented a handful of ad - hoc policies meant to deter poorer households from taking on excessive debt, including the reduction of the maximum amortization period for government - backed home loans to 25 years from 40 years.

The kicker is this: Dalio says the divide will only get worse in the next 5 to 10 years, both because of a demographic squeeze that puts stress on pension, healthcare, and debt promises; and because of the effects of technological change on employment and wealth.

One of my constant points on this blog for the last several years has been that households» refinancing of their mortgage debt at lower and lower rates has put more money in their pockets for spending and for paying down debt.

In 2015, on the one - year anniversary of its report, Bragg delivered a harsh message to fans of big government: The province needs to cut its civil service, he said in a keynote address, and use the savings to dig Nova Scotia out of debt.

Nearly twenty years after graduating, I am still paying down student loans, and am on a payment plan to settle my debt to the IRS.

A few years back, I was on the hook for about $ 4,000 — a mix of medical expenses, along with some credit card debt.

The IMF said last year that it would provide Greece with 1.6 billion euros ($ 1.93 billion) in funding, after an agreement on debt.

This took three years of focused budgeting and willpower, but I'm happy to say that I completely wiped out my student loans, credit card debt and all but the last $ 1,500 of my car loan — which is on track to be paid off in September.

On Monday, the yen slid towards 99 per dollar, its lowest in nearly four years, as markets prepared for the BOJ to start buying about 70 percent of debt issued by the government.

The interest rate on 10 - year bonds was 1.79 % at the end of 2014 — about half as much as the federal government had to offer to get investors to buy its debt a decade ago.

If your friend came to you on New Year's Day and told you that over the next 12 months they were planning to lose half their body weight, earn a seven - figure income in a field in which they have no experience, and save enough to buy a private island even though they're currently $ 20,000 in credit card debt, you'd probably think they were being a tad unrealistic.

In the past two years, the U.S.'s spring swoons could be attributed to new outbreaks in the eurozone debt crisis; this year, it's home - grown factors that are expected to weigh on growth.

But that pain today would arguably be less severe than if rates go up years from now, when households have piled on even more debt.

The average American has a credit card balance of $ 6,375, up nearly 3 percent from last year, according to Experian's annual study on the state of credit and debt in America.

Consumers who used debt to fund holiday purchases last year took on an average of $ 1,003 in new debt, according to MagnifyMoney.

Although no state has defaulted on general obligation bonds in over 80 years, the 19 th century witnessed numerous instances in which states - and the Florida territory - defaulted on their debts or even repudiated them outright.

Perth - based contractor and surveyor OTOC has obtained approval for an $ 8.1 million debt facility from the Commonwealth Bank of Australia, on top of an $ 8.2 million facility it was awarded from the CBA last year.

The PSLF, established by President George W. Bush in 2007, allows student loan borrowers who pursue government or non-profit public service jobs to wipe out their remaining debt after 10 years of on - time payments.

«On average, Massachusetts residents earn about $ 32,352 per year and have about $ 59,820 in debt per capita.

Referencing the story of a 26 - year - old woman who admitted to going into debt to try to keep up with the lifestyles she saw on Instagram, Klontz said that she was smart to hold herself accountable to a blog while she committed to living below her means in order to pay off her debt.

The accord not only greatly increases discretionary spending over the next two years, it lifts the baseline for future outlays by double - digits, putting deficits and debt on a far steeper trajectory.

On average, the CEOs would allocate 19 % of new government money to paying down the debt, versus 33 % in October of last year.

(Free cash flow on a per share basis is up 2 % year - over-year and stands at a strong $ 559 million for the quarter, despite a very high debt ratio of about 78 %.)

During the year the company managed to pay down a whopping AUD$ 45m on its debt facility to financier Investec which represents 45 % of the facility.

For years, investors in U.S. stocks shrugged off threats — a government shutdown, fear of a euro collapse, a near U.S. debt default — and just kept on buying.

DAKAR, April 24 (Reuters)- Congo's state miner Gecamines is starting legal proceedings to dissolve its Kamoto copper and cobalt joint venture with a subsidiary of Glencore, blaming the commodities giant for high debts that have weighed on the mine for more than 10 years.

Seven years on, their collective real debt is the highest recorded since the 1830s — even higher than the peaks reached to finance the first and second World Wars.

The yield on Greece's three - year bond, which has surged from 4 % to 13.5 % since October, is now reflecting serious expectations that the country may end up outside of the Eurozone and unable to repay its euro - denominated debts.

This year, the total amount of auto loans topped the $ 1 trillion mark, as borrowers took on debt that takes longer to repay.

Though the payback on an MBA degree is typically three to four years, it's unclear how long it will take graduates to work off their interest - bearing graduate debt.

Given the softening economy in the latter half of last year and first months of 2013, Finance Minister Jim Flaherty's target of getting back to balance by 2015 — after piling up $ 172 billion in debt in eight years — will depend on three assumptions all coming to good.

For a Wharton MBA borrowing the money on a standard 10 - year repayment plan, the debt amounts to about $ 1,408 in monthly payments, assuming a 6.8 % interest rate and a total of $ 46,618 in interest charges.

My wife and I lived in a pile of junk on a beautiful property for a dozen years before we were debt free and had the cash to tear it down and build our dream home.

For the past seven years, growth has serially disappointed - sometimes spectacularly, as in the depths of the global financial and euro crises; more often than not grindingly as past debts weigh on activity

Subordinated debt financing is recommended for businesses that are in a high - growth sector with established revenues and are on a path toward positive operating income within a year.

Fatigued by years of austerity and swayed by promises of debt relief, Icelandic voters dumped the Social Democrats from power on Saturday, returning a center - right government that ruled over its financial collapse five years ago.

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.

Toys «R» Us, meantime, was left to pay more than $ 400 million a year in interest alone on its debts.

The International Monetary Fund is the latest voice to suggest high household debt will act as a drag on economic growth in the years ahead.

For several years, policy - makers have been introducing new regulations, such as restrictions on mortgage credit, to curb the build - up of household debt.