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27 Apr 2016

Check out! These are the top 10 defaulters in India; Kingfisher Airlines at No. 9?

Usha Ispat, owned by Usha Limited came out on top with an outstanding amount of Rs 16,911 crore while the Vijay Mallya owned Kingfisher Airlines surprisingly came in the ninth position.

20 Jul 2015

Greece makes overdue payments, no longer in default: IMF

The International Monetary Fund said Monday that Greece was no longer in default on its loans after remitting about two billion euros ($2.2 billion) to make up for missed debt payments.

01 Jul 2015

Greece becomes first developed country to default on IMF

Cash-strapped Greece missed a 1.5 billion euro ($1.7 billion) payment to the International Monetary Fund on Tuesday as last-ditch efforts to find a compromise with official EU lenders came to naught.

01 Jul 2015

Greece defaults on IMF payment despite last-minute overtures to creditors

Greece made last-minute overtures to its international creditors for financial aid on Tuesday, but it was not enough to save the country from becoming the first developed economy to default on a loan with the International Monetary Fund.

30 Jun 2015

Greece seeks last-minute debt deal as default nears

Greece asked for a fresh two-year rescue deal with the European Union on Tuesday in a final roll of the dice just hours before its current bailout expires and it misses a critical IMF payment.

24 Jun 2015

Greece's Alexis Tsipras slams IMF in blow to crunch talks

Prime Minister Alexis Tsipras launched a scathing attack on the IMF for rejecting Greek reform proposals ahead of talks in Brussels Wednesday, denting hopes of a final debt deal to prevent Athens from defaulting and leaving the euro.

15 Jun 2015

Greece battles to avert default debacle in EU-IMF talks

Greece tried Monday to drag loan talks with its EU-IMF creditors back from the brink after negotiations collapsed over the weekend and left the country just two weeks away from a catastrophic default on its debt.

14 Jun 2015

Greece talks push on as default looms

Greek and EU-IMF negotiators were locked in last-chance talks on Sunday to avert a default by Athens that could pave the way for a catastrophic exit by Greece from the euro and sow economic chaos in Europe.

06 May 2015

Bill to check piling up of cheque bounce cases moved in Lok Sabha

A Bill seeking to prevent piling up of cheque bounce cases in various courts and help the payee in the case of default, was introduced in Lok Sabha on Wednesday.

01 Aug 2014

US judge orders new talks on Argentina debt dispute

The US judge presiding over Argentina's bitter dispute with hedge-fund creditors ordered the two sides to hold new negotiations and called for an end to "mistrust" at a hearing.

01 Aug 2014

Argentina says will pay bondholders, denies in default

Argentina`s economy minister said the country would continue paying bondholders who agreed to restructure its debt after it defaulted in 2001, and denied the government was again in default.

31 Jul 2014

Argentina blames US, 'incompetent' judge for default

Argentina blamed the United States for the legal battle that forced it into its second default in 13 years, accusing the judge and mediator in the case of "incompetence”.

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