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RECENT NEWS
Reuters  55 min ago  Comment 
Italian oil major Eni said on Wednesday it was supplying gas to troubled steelmaker Ilva under a special default supply agreement that would end in December, raising concern the plant could face a possible shut down.
MarketWatch  Dec 15  Comment 
The dollar rises to new record highs against the ruble Monday, as falling oil prices are compounded by fears that some of Russia’s largest companies could have trouble paying the mounting interest on their dollar-denominated debts.
Wall Street Journal  Dec 12  Comment 
RadioShack reiterated Friday that it could be forced to seek bankruptcy protection, as the struggling electronics chain tries to turn around its money-losing operation.
The Straits Times  Dec 12  Comment 
December 13, 2014 1:03 AM MORE property owners are defaulting on their home loans as the number of properties put up for mortgagee sale has reached its highest level in five years.




 

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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