Sovereign debt

Malaysian Prime Minister Mahathir Mohamad, center, speaks to Chinese President Xi Jinping (not pictured) during their meeting at Diaoyutai State Guesthouse in Beijing, Monday, Aug. 20, 2018. (Roman Pilipey/Pool Photo via AP)
August 21, 2018 - 5:47 am
BEIJING (AP) — Multibillion-dollar China-financed projects in Malaysia have been canceled because they aren't needed and will saddle the country with an unsustainable amount of debt, Malaysian Prime Minister Mahathir Mohamad told reporters on the final day of a visit to Beijing on Tuesday. Mahathir...
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In this July 26, 2018, photo, President Donald Trump acknowledges the audience after speaking at the United States Steel Granite City Works plant in Granite City, Ill. Trump's trade policies are turning long-established Republican orthodoxy on its head. There are tariff fights, and there’s now $12 billion in farm aid that represents the type of government intervention GOP voters railed against a decade ago. (AP Photo/Jeff Roberson)
July 28, 2018 - 6:18 am
WASHINGTON (AP) — President Donald Trump's trade policies are turning long-established Republican orthodoxy on its head, marked by tariff fights and now $12 billion in farm aid that represents the type of government intervention GOP voters railed against a decade ago. President George W. Bush...
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Socialist leader Pedro Sanchez is surrounded by photographers in the parliament after a motion of no confidence vote at the Spanish parliament in Madrid, Friday, June 1, 2018. Opposition Socialist leader Pedro Sanchez has won the vote to replace Mariano Rajoy as prime minister, in the first ouster of a serving Spanish leader by parliament in four decades of democracy. (Emilio Naranjo/Pool Photo via AP)
June 01, 2018 - 5:02 pm
MADRID (AP) — Prime Minister-elect Pedro Sanchez vowed Friday to root out the corruption that helped bring down Spain's outgoing conservative government and pledged to help people affected by years of public spending cuts under his predecessor, Mariano Rajoy. Minutes after narrowly winning a no-...
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European Commission's mission chief for Greece, Declan Costello speaks as he attends a Economic conference in Athens, Thursday, May 31, 2018. Greece is currently negotiating the terms of its bailout exit with European creditors, including how its finances will be monitored and the conditions of a promised debt relief package. (AP Photo/Petros Giannakouris)
May 31, 2018 - 4:23 pm
ATHENS, Greece (AP) — A top European Union official in Greece says the country's access to bond markets remains "fragile" amid the ongoing financial turmoil triggered by the political uncertainty in Italy. Declan Costello, who supervises the Greek bailout program for the European Commission, made...
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FILE - In this Wednesday, May 16, 2018, file photo, Malaysian Prime Minister Mahathir Mohamad smiles during press conference in Putrajaya, Malaysia. Mahathir said Wednesday the government will set up a trust fund to let the public contribute to easing the country’s huge national debt. (AP Photo/Vincent Thian, File)
May 30, 2018 - 6:06 am
KUALA LUMPUR, Malaysia (AP) — Malaysia's new Prime Minister Mahathir Mohamad said Wednesday the government will set up a trust fund to let the public contribute to easing the country's huge national debt. Mahathir's government last week revealed that the national debt and liabilities exceed 1...
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A financial journalist checks on a monitor the course of the spread following political uncertainty, in Rome, Tuesday, May 29, 2018. The Italian stock market opened down 1.8 percent and the spread between Italian 10-year government bond and the benchmark German bund rose to 300 points, the highest level in years with interest rates at 2.9 percent, before relaxing. (Luciano Del Castillo/ANSA via AP)
May 29, 2018 - 10:29 am
FRANKFURT, Germany (AP) — Italy's political turmoil has sent a wave of concern through Europe's 19-country currency union, with serious tremors hitting the country's government debt market. One big reason for the worry: the firewalls the eurozone built to prevent a rerun of its 2010-2012 debt...
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Former Malaysian Prime Minister Najib Razak speaks to media as he leaves the Malaysian Anti-Corruption Commission (MACC) Office in Putrajaya, Malaysia, Thursday, May 24, 2018. Najib appeared again for questioning at the office as part of the corruption and money-laundering investigation into the 1MDB state investment fund that Najib set up and is being investigated. (AP Photo/Vincent Thian)
May 24, 2018 - 6:06 am
PUTRAJAYA, Malaysia (AP) — Former Malaysian Prime Minister Najib Razak was quizzed for more than six hours Thursday by anti-graft investigators looking into alleged theft and money laundering at a state investment fund he founded that accumulated billions of dollars in debt. Najib smiled and waved...
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In this photo taken on Thursday, March 1, 2018, Giuseppe Conte, right, shakes hands with leader of the Five-Star Movement, Luigi Di Maio, during a meeting in Rome. Italy edged toward its first populist government Monday as the eurosceptic 5-Star Movement and the right-wing League indicated a 54-year-old law professor with no political experience as their candidate for premier. Neither 5-Star leader Luigi Di Maio nor League leader Matteo Salvini named Giuseppe Conte in brief remarks to reporters after leaving a closed-door meeting with President Sergio Mattarella in what could be final consultations before forming a government 11 weeks after elections left Italy with a hung parliament. But, in a breach of protocol, Di Maio identified Conte to reporters outside the Quirinale presidential palace and posted his name on the movement’s popular block. (AP Photo/Alessandra Tarantino)
May 21, 2018 - 3:52 pm
ROME (AP) — With Europe and markets watching anxiously, Italy edged toward its first populist government Monday as the euroskeptic 5-Star Movement and the right-wing League identified a 53-year-old law professor with no political experience as their pick to become the country's next premier. Five-...
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Five-Star Movement leader Luigi Di Maio talks on the phone as he leaves the lower house of parliament, at the end of his meeting with League leader Matteo Salvini, in Rome, Thursday, May 17, 2018. Italy's two populist leaders are brushing off fears in Brussels and the markets over the outlines of their possible government, and are insisting they are close to a deal designed to help ordinary Italians. (Angelo Carconi/ANSA via AP)
May 18, 2018 - 1:22 pm
MILAN (AP) — Italian financial assets were hit hard Friday after the anti-establishment 5-Star Movement and the right-wing League party unveiled a program that could clear the way to Italy's first populist government. The platform includes a rollback on pension reform, a minimum salary for...
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An elderly man passes by homeless men in Athens, Monday, April 23, 2018. Greece has beaten its bailout budget targets for a third successive year and eased its massive debt burden by a fraction as the country prepares to exit its international rescue program in four months. (AP Photo/Thanassis Stavrakis)
April 23, 2018 - 9:14 am
ATHENS, Greece (AP) — Greece as beaten its budget targets for a third year and trimmed its massive debt burden, according to data released Monday. But economic growth was just short of matching the level of 2014, before its last recession. As the country prepares to exit its international bailout...
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