Summary: Langley-based band Default is coming home for one night to play at the Langley Events Centre on Thursday, Sept. 9. With four albums selling more than a million records, Default is the biggest band to play the Events Centre since opening last year.
Title: Global Default Rate on Junk Debt to Drop to 2.7% This Year, Moody's Says
Summary: The global default rate on high- yield, or junk, debt will fall to 2.7 percent by the end of this year before dropping to 2 percent a year from now, according to Moody’s Investors Service.
Title: Belgian default insurance costs rise as talks fail
Summary: LONDON (MarketWatch) -- The cost of insuring Belgian government debt against default continued to rise Tuesday after three months of talks to form a coalition government failed last week. The spread on five-year Belgian sovereign credit default swaps widened by around 7 basis points to 137 basis points Tuesday, according to data provider Markit. That means it would now cost $137,000 a year to ...
Summary: Moody’s Investors Service said on Wednesday that its 12-month global speculative-grade default rate continues to fall, slipping from 5.5% in July to 5.0% in August.
Title: Greece default risk is 'substantial,' Pimco man says
Summary: Greece still faces a "substantial" default risk as insolvency prevents the nation from repaying its debt when its bailout program expires in three years, Pacific Investment Management Co. fund manager Andrew Bosomworth said.
