Friday, March 29, 2024

TOPICS

Home Authors Posts by Brian Chappatta

Brian Chappatta

9 POSTS 0 COMMENTS
REPORTS OF SLOW INFLATION HAVE the market worried that expected additional rate hikes may not happen this year. A rate hike is still expected to be announced on Wednesday. / BLOOMBERG FILE PHOTO/BRENDAN SMIALOWSKI

Traders’ Fed roadmap is upended as inflation miss rocks markets

NEW YORK - While bond and currency traders still see a  Federal Reserve rate hike Wednesday as all but baked in, the latest disappointing...

Tobacco-bond deals revived as U.S. states conjure up budget cash

NEW YORK - Almost two decades after U.S. states settled with tobacco companies on payments for health-care costs, officials are still finding new ways...

Rhode Island $618M tobacco bond to end seven-month delay

NEW YORK - Rhode Island is set to issue $618 million of tobacco bonds next week, which would end a seven-month delay caused by...
PROVIDECNE MAYOR Angel Taveras' pension reform efforts have been credited with bringing down borrowing costs for the city. / PBN FILE PHOTO/FRANK MULLIN

Providence gets 30% bonus curbing $109,000 retirees

NEW YORK - Providence was so close to running out of cash a year ago that it couldn’t pay for tires on police cars....
BROWN UNIVERSITY will use a $127.4 million bond sale to renovate downtown property after agreeing in May to almost double annual payments to the city. / COURTESY BROWN UNIVERSITY

Brown to benefit from $127M bond sale

NEW YORK - Brown University will use a $127.4 million bond sale to renovate downtown property after agreeing in May to almost double annual...
RHODE ISLAND plans to sell $118.5 million of general-obligation bonds as fiscal strains have led to downgrades for cities - including Providence. / PBN FILE PHOTO

R.I. sets $118M bond sale with distressed cities

NEW YORK - Rhode Island plans to sell $118.5 million of general-obligation bonds as fiscal strains have led to downgrades for cities - including...
MAYOR ANGEL Taveras cut ties to an adviser who said the Rhode Island capital probably would be forced to seek bankruptcy protection. / PBN FILE PHOTO/FRANK MULLIN

Providence drops lawyer who predicted bankruptcy

PROVIDENCE - Mayor Angel Taveras cut ties to an adviser who said the Rhode Island capital probably would be forced to seek bankruptcy protection. Taveras...
PROVIDENCE will probably seek bankruptcy court protection to deal with a budget deficit, Robert Flanders, the state-appointed receiver for nearby Central Falls, said Tuesday. / PBN FILE PHOTO

Providence Chapter 9 "unavoidable"

PROVIDENCE - Providence, Rhode Island’s capital and biggest city, probably will seek bankruptcy court protection to deal with a budget deficit, Robert Flanders, the...

Woonsocket bonds dropped to ‘junk’

WOONSOCKET – Fitch Ratings dropped $117.8 million of general-obligation bonds issued by Woonsocket three steps to below investment grade, or “junk.” An estimated $7.3 million...
- Featured Event -

Latest News