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Ecuador audit recommends default on 40 pct debt (Washington Post)
QUITO, Ecuador -- A presidential commission on Thursday recommended that Ecuador default on almost 40 percent of its $10 billion foreign debt, accusing former officials and bankers of profiting from "illegitimate" bond deals.
Junk Bond Rout Implies Record 21% Default Rate, Fridson Says (Bloomberg)
Nov. 21 (Bloomberg) -- The high-yield, high-risk bond market is now pricing in a default rate of 21 percent, more than four percentage points higher than the record reached in 1933, according to Fridson Investment Advisors.
Digest: Ecuador urged to default (Houston Chronicle)
A presidential commission on Thursday recommended that Ecuador default on almost 40 percent of its $10 billion foreign debt.
Corporate Bond Risk Falls in Europe, Credit-Default Swaps Show (Bloomberg)
Nov. 21 (Bloomberg) -- The cost of protecting European corporate bonds from default fell, according to traders of credit-default swaps.
Asia-Pacific Corporate Bond Risk Rises, Default Swaps Show (Bloomberg)
Nov. 21 (Bloomberg) -- The cost of default protection on Asia-Pacific bonds surged, according to traders of credit-default swaps.
(AFX UK Focus) 2008-11-21 18:10 FACTBOX-Putting Citi's credit default swaps in perspective (Interactive Investor)
NEW YORK, Nov 21 (Reuters) - While Citigroup's shares have lost over half their value this week, Citi's credit default swaps are not yet trading at levels that indicate extreme distress, if history is any guide.
World business in brief: Panel recommends that Ecuador default on 40% of its foreign debt (The Kansas City Star)
A presidential commission recommended Thursday that Ecuador default on $3.9 billion, or almost 40 percent, of its foreign debt after finding “illegalities and illegitimacies” in the contracts.
I'm Surprised Google Made SearchWiki The Default, Really (Search Engine Roundtable)
The blogosphere is buzzing about Google's announcement that they have made Google SearchWiki the default for users who are signed into Google while searching. What this means is that users will see features to promote, delete and comment on search results. This is advanced searcher stuff. I am really a bit surprised Google pushed this to every Google account user as the default. Why? ...
Default fears grow for Ecuador paper (Financial Times)
Ecuador's debt audit commission yesterday said that the country's 2012 and 2030 bonds showed "serious signs of illegality", which has added impetus to the threats of default from Rafael Correa, the Andean nation's leftwing president.
Ecuador audit advises default on 40 percent of foreign debt, Correa seeks to halt payment (Minneapolis-St. Paul Star Tribune)
QUITO, Ecuador - A presidential commission recommended Thursday that Ecuador default on almost 40 percent of its foriegn debt after finding "illegalities and illegitimacies" in the contracts.
Cached at: 11/21/2008 10:25:24 PM