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• 3rd party custodianship of gov"t debt questioned  GMA News - 1 hour, 51 minutes ago MANILA, Philippines - Old arguments over the appointment of a third-party custodian for government debt papers resurfaced last week at a hearing inquiring into the allegedly high fees the Philippine Dealing and Exchange Corp. (PDEx) charges the banks.



• To pay off debt, look at variety of methods  The Columbus Dispatch - Jun 15 2:47 AM  NEW YORK -- Forget the rising price of gas or food. They can't hold a candle to debt that compounds monthly. The best thing to do is to pay it off as quickly as possible. From the Motley Fool, consider these methods:



• South Korea's Overseas Debt Rises to a Record $412.5 Billion  Bloomberg.com - Jun 14 9:08 PM June 15 (Bloomberg) -- South Korea's overseas debt expanded for a 14th straight quarter to a record on borrowing by local banks and companies. Foreign debt climbed to $412.5 billion at the end of the first quarter from $382.2 billion three months earlier, the central bank said in Seoul today.



• McCarthy & Stone in talks to restructure 800 mln pound debt - report  Sharewatch - Jun 15 7:10 AM LONDON (Thomson Financial) - Retirement home company McCarthy & Stone is in talks with bankers NM Rothschild to restructure its 800 million pound debt as the credit crisis woes worsen in the housebuilding sector, according to the Independent on Sunday.



• Hike sparks consumer debt crisis  News 24 South Africa - Jun 15 8:37 AM There may have been relief that rates went up only half a percentage point, but it sent six million people deeper into the debt trap.

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