Debt

By Yiannis Papadoyiannis

DryShips Inc, the shipper that has a $700 million convertible note due December 1, is negotiating with banks for a loan that would help repay the debt after it canceled a bond offering over the weekend, according to two people with knowledge of the company’s plans.

The Bulgarian Development Bank (BDB) reported a net profit of BGN 23.7 M, up by 35% on the year, for the first nine months of 2014.

The BDB reported increased profit from its core business against the backdrop of lower interest rates on its loans.

The decision to set up a payment plan for individuals and businesses with outstanding debts to the state can no longer be postponed as there are many people out there who cannot possibly meet their financial obligations the way things currently stand.

Greek government bond yields rose to a one-week high on Tuesday after a newspaper reported that the country’s European Union and International Monetary Fund lenders had interrupted their bailout review over a disagreement with Greek officials.

The government denied the report.

Habits in humans' behaviour were dominated by digital in a quota of 44 percent in 2013, compared to 30 percent in 2010, Google Romania Country Manager Dan Bulucea pointed out on Tuesday.

The European Central Bank will buy assets for at least two years to boost inflation and economic growth in the euro area.

Standard & Poor’s on Tuesday upgraded OTE telecom’s credit rating from BB- to BB and revised its outlook from negative to stable, arguing that even in the unlikely event of a Greek default, OTE will service its debts.

Investors’ love affair with low-rated but high-yielding eurozone bonds is starting to wane, as political risks dent faith that the European Central Bank alone will be able to ensure the bloc’s recovery.

France's public debt has topped the symbolic level of 2.0 trillion euros for the first time, according to official data Tuesday, putting Paris on a fresh collision course with the European Union.