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Greece debt swap plan hangs in balanceA debt swap meant to help Greece avoid default and win time to repair its tattered public finances hung in the balance with expectations of take-up by private creditors slipping amid fierce European pressure on Athens. Banks and insurers w More… |
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Greece warns on debt swapGreece warned it may opt out of a debt swap crucial to its second international bailout if too few investors rally behind it, raising the ante on the stricken country's 150 billion euro ($215 billion) lifeline. The swap to shave 37bn e More… |
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General Motors eyes debt swapGeneral Motors is pushing some bondholders to swap their debt for equity, as chief executive Rick Wagoner tries to keep the automaker out of a Chapter 11 bankruptcy that would likely cost him his job, said a media report. GM's board ha More… |
