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RECENT NEWS
Wall Street Journal  Mar 27  Comment 
Investors in Ukrainian companies’ bonds could be facing huge losses, economists warn, amid concerns the country is hurtling toward a costly default on its government debt.
Mondo Visione  Mar 25  Comment 
The U.S. Commodity Futures Trading Commission (CFTC or Commission) announced today the full agenda for the upcoming CFTC Market Risk Advisory Committee (MRAC) public meeting. The meeting will be held on Thursday, April 2, 2015 at the...
The Australian  Mar 25  Comment 
Australia’s mining services companies are at risk of default as the downturn begins to bite, the Reserve Bank has warned.
The Australian  Mar 25  Comment 
WA Business News  Mar 23  Comment 
A feud between Tap Oil and one of its substantial shareholders has escalated after the operator of the company’s flagship Manora oil development served joint operator Northern Gulf Petroleum with a $35 million default notice.
New York Times  Mar 19  Comment 
European Union leaders meeting in Brussels were confronted with the possibility of a Greek default, and exit from the eurozone, and possibly the bloc.
The Hindu Business Line  Mar 11  Comment 
Abhijeet Ferrotech Limited, of the Abhijeet group, in the Atchyuthapuram special economic zone in Visakhapatnam district, has been forced to stop production as power supply has been cut, as the co...
Yahoo  Mar 9  Comment 
The U.S. Congress will be in no hurry to raise the federal government's borrowing limit, Senate Majority Leader Mitch McConnell said on Sunday, but will act in time to avoid Washington defaulting on its debt. "The debt ceiling will be handled over...
Yahoo  Mar 8  Comment 
The U.S. Congress will be in no hurry to raise the federal government's borrowing limit, Senate Majority Leader Mitch McConnell said on Sunday, but will act in time to avoid Washington defaulting on its debt. "The debt ceiling will be handled over...




 

Default refers to the failure to pay his or her debt on a timely basis or to comply conditions of an agreement or an obligation. Some example of default are loan defaults which the borrower does not pay back his loan on the date agreed with the bank.

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