Israeli Energy Minister Silvan Shalom says “dramatic” decision next wk will lead to transfer of electricity generation to private hands. * Shalom, in e-mailed statement, says state-run Israel Electric Corp. “must be transformed into a public co.” by issuing shares or convertible bonds * Staff, employee benefits must be cut * Changes meant to lower cost of living * Utility has ~75b shekel debt
Ukraine’s political crisis has raised “many questions” about its ability to repay debt, pushing Russia to suspend a bailout and threatening the central bank’s ability to defend the currency, according to Russian Finance Minister Anton Siluanov.
Puerto Rico is planning to offer about $2.86 billion of general-obligation bonds next month, providing the island with sufficient liquidity through June 2015, Government Development Bank officials said.
The top elected official in Ramapo, New York, Town Supervisor Christopher St. Lawrence, wanted a minor-league baseball team and a new stadium to house it. The park would cost about $20 million and taxpayers wouldn’t have to cover it, he and paid consultants predicted three years ago.