Here’s Why Scorpio Tankers (NYSE:STNG) Can Manage Its Debt Responsibly
Warren Buffett famously said, ‘Volatility is far from synonymous with risk.’ When we think about how risky a company is, we always like to look at its use of debt, since debt overload can lead to ruin. As with many other companies Scorpio Tankers Inc. (NYSE:STNG) makes use of debt. But the more important question […]
Europe’s biggest debt-collector has a debt problem
Behind every on-screen loan shark is an even harder character making sure the mob’s debts are paid—make Peter pay, or Paulie might break your legs. The financial system is less violent, but similarly interconnected. Intrum, Europe’s biggest debt collector, has struggled to make its business of buying and settling bad loans work. Now it is […]
Thames Water: Why Customers May Face Higher Bills Amid Utility’s Debt Crisis
Britain’s water industry is bracing for the biggest overhaul since privatization in the 1980s amid a scandal over systematic sewage spills and chronic pipe leaks. The crisis follows decades of poor regulatory oversight that allowed company owners to pay themselves billions of pounds in dividends instead of using the money to maintain the infrastructure. Things […]
We Think HOCHTIEF (ETR:HOT) Can Stay On Top Of Its Debt
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, ‘The possibility of permanent loss is the risk I worry about… and every practical investor I know worries about.’ So it might be obvious that you need to consider debt, when you think about how risky any given stock […]
Intrum agrees USD 5.4bn debt restructuring to fix rising woes
Swedish debt collector Intrum AB has reached an agreement with a majority of its bondholders to address its EUR 5.4bn (USD 5.8bn) debt pile, including a forced loss on credit investors and pushing out the notes’ maturities. As part of the deal, the company’s existing unsecured notes will be exchanged into four series of new […]
Student-Loan Borrowers Entering ‘Wild West’; Debt Relief Uncertain
On June 28, the Supreme Court overruled the Chevron doctrine, a 1984 decision that allowed federal agencies to interpret laws as long as they did not violate Congress’s language. This means that courts will now have the power to decide what a law means rather than defer to federal agencies with expertise on the topic. […]
N. Korean veterans turn to debt collection to make ends meet
A groundbreaking ceremony for the construction of a local industrial factory was held in Seongcheon County, South Pyongan Province, on Feb. 28, Rodong Sinmun reported. The photo shows North Korean leader Kim Jong Un giving out encouragement to assembled soldiers. (Rodong Sinmun-News1) Disabled veterans in Pukchang County, South Pyongan Province, have recently come under fire […]
Health-Care Debt Collector Hit With Class Action After Breach
A California-based health-care debt collection agency is the target of a proposed class action alleging its failures to properly safeguard, encrypt, and destroy personal identifiable information resulted in a data breach affecting almost half a million people. The private information of at least 498,000 people was taken from Designed Receivable Solutions Inc. in the cyberattack, […]
Germany braced for Europe’s next debt crunch
It means the German government is simultaneously in a very strong financial position but dangerously constrained on what it can do with its money, says Holger Schmieding, chief economist at Berenberg bank. “Germany has much more fiscal headroom than almost any other country – it just doesn’t allow itself to use it. Our debt is […]
PGIM launches $750m debt strategy for investors
The global real estate investment player expects the next year to be a ‘good vintage’ for Australian investors as it launches its first property debt strategy in the country. The investment house has closed on about $300m and has confirmed advanced commitments from several institutional investors that should see it surpass $600m in the next […]