JPM - Creative Chaos - Fun, Fast and Furious
Tags


Filed under

debt

 
July 16, 2009
 

India Inc raise most funds in Asia

There is one more area where India has managed to come out on top, in terms of mobilising maximum debt. As reported in a leading business daily, while Asian companies' fund raising through US dollar denominated debt has touched US$ 14.7 bn so far in 2009, India accounted for a majority of it. India Inc's debt was the highest in the region at US$ 3.3 bn, forming 22% of total volumes in 2009. Having said that, if one were to compare with what was mobilised in 2008, then there was a significant plunge. For instance, in 2008, India Inc had raised US$ 13.8 bn signifying a 76% fall in 2009. This is hardly surprising given the crippling effects of the global economic slowdown and the freeze in the credit markets. However, only half of 2009 is behind us and it remains to be seen whether things will look up by the end of the year.
via equitymaster.com

I thought I'd highlight some of the good stuff about India

Retweet Loading mentions
Filed under  //   debt   india  

Comments [0]

January 25, 2009
 

'Zero Hedge: In Ironic Twist, U.S. Taxpayers Are Approaching Net Debt-Free Status'

From the page Zero Hedge: In Ironic Twist, U.S. Taxpayers Are Approaching Net Debt-Free Status:

BofA estimates that the U.S. Treasury and Federal Reserve combined, now are responsible for directly supporting about 70% of the banking system liabilities and 20% of shareholders' equity. Presuming there is virtually no equity value in U.S. banking, which would of course be the case without systemic support, then liabilities equal assets. In that case, in a government mediated vicious circle, U.S. taxpayers have indirectly paid off 70% of the loans that the US banking system has underwritten to U.S. taxpayers...

Retweet Loading mentions
Filed under  //   banking   debt   fed   news   statistics  

Comments [0]