Facebook-parent Meta Platforms Inc. said on Tuesday it had raised $10 billion in its first-ever bond offering, as it looks to fund share buybacks and investments to revamp its business. The offering would help Meta, the only one among big technology companies without debt on its books, to build a more traditional balance sheet and…
The Federal Reserve Policy You’ve Never Heard of Could Have the Biggest Effect on Your Wallet
June 16, 2022
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By Sarah Foster From Bankrate.com The Federal Reserve made headlines on June 15 when it raised interest rates by the single biggest hike since 1994, but another lesser-known decision at May meeting—albeit a substantially more complex one—could have an even greater influence over how much you pay to borrow money. The Fed said in May…
Russia Plans Bond Payment System Like Rubles-for-Gas Scheme to Get Around Sanctions
May 30, 2022
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Russia’s finance chief said Moscow is planning a new system for making foreign bond payments similar to the rubles-for-gas scheme in an effort to prevent a historic sovereign default after Washington ended a key sanctions exemption that raised Russia’s chances of defaulting on its debt. Anton Siluanov, Russia’s finance minister, was cited by Vedomosti on…
Judge Sets $1 Million Bond for Former CEO Russell Laffitte, Accused of Fraud in Murdaugh Saga
By Sammy Fretwell and Jake Shore From The State (Columbia, S.C.) COLUMBIA, S.C.—A judge set a $1 million bond Friday for fired Hampton County banker Russell Laffitte, who is accused of scheming with suspended attorneys Alex Murdaugh and Cory Fleming to defraud legal clients of settlement money. Circuit Judge Alison Renee Lee set the bond…
Swiss National Bank Posts $34 Billion Loss as Bond Losses Bite
April 29, 2022
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ZURICH—The Swiss National Bank reported a first quarter loss of 32.8 billion Swiss francs ($33.75 billion), the central bank said on Thursday, as lower bond prices and the higher franc dented the value of its foreign currency investments. The bank made a loss of 36.8 billion francs from its foreign currency investments built up during…
Georgia DA ‘Upset’ After Suspect Accused of Shooting Officer 6 Times Granted Bond
Authorities in Georgia were infuriated after a Fulton County judge initially granted bond, which has since been increased, to an alleged gang member who has been accused of shooting an Atlanta police officer six times in the line of duty. Christian Eppinger shot David Rodgers, an 11-year veteran officer of the Atlanta Police Department, in…
Russia Halts All Bond Sales Over ‘Cosmic’ Borrowing Costs
April 11, 2022
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Russia is hitting pause on any new government borrowing owing to what finance minister Anton Siluanov told local media was a “cosmic” rise in debt servicing costs following war-related Western sanctions on Moscow. Siluanov told the Izvestia news outlet in an interview on Monday that Russia will halt all government bond auctions for the rest…
Russia Paid Coupons on Seven OFZ Bond Issues: Finance Minister
Russia’s finance ministry has paid 50.2 billion roubles ($616 million) in coupons on seven OFZ treasury bond issues, data on its website showed. The payments come as the finance ministry is due to make a $447 million coupon payment on Thursday on a dollar Eurobond that matures in 2030. Investors are watching closely Moscow’s servicing…
BOJ Stands Its Ground on Benchmark Yield as Global Rates Pressure Builds
March 31, 2022
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TOKYO—Japan’s central bank stepped up efforts on Wednesday to keep a key bond yield below a red line, offering to buy more government debt, including through ad-hoc purchases, to hold down interest rates against a pull higher by global yields. The intervention comes as the Bank of Japan (BOJ) seeks to keep monetary policy ultra-loose,…
22-Year-Old Raises Teen Half-Sister After Parents Die: ‘She’s My Own Child’
A 22-year-old college senior, who filed for guardianship of her 16-year-old half-sister after the teen’s mom died, says that giving her sister the chance to live her teenage years to the fullest is worth the sacrifice. Hunter Nelson, originally of North Carolina, now lives in Kentucky with Gracie Nelson, a high school sophomore. The half-sisters’ father…
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